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Richard J. Simoncic appointed as Microchip Technology’s new COO

Richard J. Simoncic has been appointed as the new Chief Operating Officer of Microchip Technology Incorporated, effective April 1, 2024. Simoncic has a long history with the company and has steadily risen through the ranks since joining in 1990, most recently serving as Executive Vice President. He will now be working closely with President and CEO Ganesh Moorthy.

This strategic decision comes as Senior Vice President Stephen V. Drehobl is set to retire on June 7, 2024. The appointment of Simoncic ensures that there will be continuity and experience in Microchip Technology’s leadership. With his extensive knowledge and expertise in the industry, Simoncic will play a key role in driving the company forward and continuing its success.

For more detailed information on MCHP stock, you can visit TipRanks’ Stock Analysis page.

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