IR names former Amkor exec as president, CEO
Prior to joining Amkor as executive VP of strategy and business development, Khaykin was VP of strategy and business development at Conexant Systems and its spin-off Mindspeed Technologies.
By Ann Steffora Mutschler, Senior Editor -- EDN, February 7, 2008
International Rectifier Corp announced the election of Oleg Khaykin as president and CEO, effective March 1.
Khaykin (pictured) succeeds Donald Dancer, who has served as acting CEO of the El Segundo, Calif.-based power management IC company since August 30, 2007. Dancer will be actively involved in the transition, remaining with the company to support Khaykin in his new role. He brings extensive global experience in the semiconductor industry, and most recently served as COO of semiconductor test and assembly services provider Amkor Technology Inc.
Dancer stepped in following the resignation of former CEO Alex Lidow, at the company's request in October 2007.
At Amkor, he was responsible for all aspects of sales, marketing, R&D, and manufacturing operations, including accountability for the development and implementation of corporate and business strategy, business development, strategic partnerships and IP management.
Prior to joining Amkor as executive VP of strategy and business development in 2003, Khaykin was VP of strategy and business development at Conexant Systems Inc and its spin-off Mindspeed Technologies Inc, where he held positions of increasing responsibilities from 1999 to 2003. Prior to Conexant, he was with The Boston Consulting Group, an international strategy and general management consulting company, where he worked with many European and US companies on a broad range of business and management issues, including revenue growth strategies, operational improvement, M&A, divestitures, and turnaround and restructuring.
Khaykin has been a member of the board of directors of Zarlink Semiconductor Inc since November 2007.
He holds a BSEE from Carnegie-Mellon University and an MBA from the J.L. Kellogg Graduate School of Management.
“I look forward to hitting the ground running at International Rectifier," Khaykin said in a statement. "I was attracted to this company because of its advanced technology, rich history of technological innovation, industry leading product portfolio and strong customer base. I expect us to leverage those assets to drive growth of existing and new products and technology platforms even as we drive to improve our operational efficiencies and organizational effectiveness. At the same time, I share the board’s deep commitment to ensuring that our operations are conducted with transparency and adherence to the highest ethical standards.”
IR lead director Jack Vance added, “We are delighted to have attracted a leader of the caliber of Oleg Khaykin, who possesses all of the key attributes we had sought for our CEO – extensive global experience in our industry, a proven track record in every key business discipline, as well as tremendous creativity and vision.”
“Oleg’s leadership, coupled with our recent executive promotions, significantly strengthens our management team and positions International Rectifier to focus our energies on our core operations, with a goal of profitable growth and value creation,” he continued.
“We also want to express our gratitude to Don Dancer for the tremendous leadership he has provided over the past five months. During his tenure, we have made steady progress in instituting key management changes, executing organizational improvements in support of our sales, engineering and new product development initiatives, driving a culture of employee empowerment, and making many improvements to our financial controls,” Vance concluded.
