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CAMARILLO, Calif. -- Vitesse Semiconductor Corporation (Pink Sheets:VTSS) today announced the resignation of Alex Daly as a director of the Company. Mr. Daly submitted his resignation on October 15, 2007 and it is effective immediately.
"Since 1998, Alex has served as a director. We thank him for this extended service to Vitesse," said Christopher R. Gardner, chief executive officer of Vitesse. "We would also like to recognize him for his continued energy during the last year as the Company continues on its path of making operational improvements and achieving substantial gains in critical financial and operating metrics."
As previously disclosed, the board has sought shareholders' active participation in the recruiting of new directors and has retained the executive search firm Russell Reynolds Associates to independently evaluate proposed board candidates.
About Vitesse
Vitesse designs, develops and markets a diverse portfolio of high-performance, cost-competitive semiconductor solutions for communications and storage networks worldwide. Engineering excellence and dedicated customer service distinguish Vitesse as an industry leader in Gigabit Ethernet LAN, Ethernet-over-SONET, Fibre Channel, Serial Attached SCSI, Optical Transport, and other applications. Vitesse innovation empowers customers to deliver superior products for Enterprise, Access, Metro, and Core applications. Additional company and product information is available at www.vitesse.com.