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Avago Technologies named Hock Tan its president and chief executive officer on April 4, 2006. He joined the board as Dick Chang, Avago’s outgoing president and CEO, became board chairman. The succession came as the company completed its transition from Agilent Technologies’ semiconductor business into an independent company.
Who became Avago’s president and CEO?
Hock Tan was appointed president and CEO, and was also to join Avago’s board of directors. The appointment was reported by EE Times on April 4, 2006.
Who did Tan replace?
Tan succeeded Dick Chang as president and CEO. Chang moved into the role of chairman of Avago’s board.
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Chang described Tan as someone able to drive growth through tactical and strategic execution and lead the company after its transition to standalone status. The announcement presented this as the rationale for the choice; it did not report later results or evaluate Tan’s subsequent performance.
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“Hock is an excellent choice to drive growth through strong tactical and strategic execution, and to lead Avago following its successful transition to a fully stand alone company.”
What experience did Tan bring?
EE Times reported that Tan had more than 25 years of senior-management experience. He had been president and CEO of Integrated Circuit Systems (ICS), which had been acquired by Integrated Device Technology (IDT); at the time of Avago’s announcement, Tan was chairman of IDT’s board.
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How did the Agilent spin-off shape the transition?
Avago was formed from Agilent Technologies’ Semiconductor Products Group. Agilent sold the group to Kohlberg Kravis Roberts & Co. (KKR) and Silver Lake Partners for $2.66 billion, after which the semiconductor business became a standalone Avago company. Tan’s appointment therefore paired a leadership change with the company’s move beyond its former parent.
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