San Jose, Calif.-based Micrel (UNKNOWN:MCRL.DL) has a new CFO.
On Wednesday, the integrated circuits manufacturer announced that it has appointed former Texas Instruments executive Robert DeBarr to replace the departing Ray Wallin as its chief financial officer. Wallin announced he would be leaving the company back in August, and intends to remain with the company a short while -- until Nov. 15 -- in order to "ensure a smooth transition" to DeBarr.
Welcoming DeBarr aboard, Micrel CEO Ray Zinn in the press release called his new CFO "a seasoned industry veteran" with "extensive background in running a finance team" and "expertise in implementing and maintaining world-class accounting practices."
Prior to joining Texas Instruments, DeBarr spent 30 years at National Semiconductor, a period that ended with National Semi's absorption into Texas Instruments in 2011.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.