Two years after taking the reins at Wyle Electronics Inc., Michael Rohleder announced today that he is leaving the company to lead the worldwide sales effort at one of the distributor's largest suppliers.
Effective Aug. 31, Rohleder will resign as chief executive of Wyle, Irvine, Calif., to become senior vice president of worldwide sales at newly christened ON Semiconductor, the former Semiconductor Components Group of Motorola Inc., Phoenix.
ON is a billion-dollar-plus broad-line semiconductor supplier recently purchased by Texas PacificGroup, which also owns chip maker Zilog Inc.
Rohleder's departure comes just as the semiconductor industry appears to be recovering from the worst downturn in history, during which components distributors bore the brunt of an inventory glut that was compounded by weak demand.
"[Rolehder] managed Wyle Electronics during a very difficult period for the semiconductor industry, successfully building it into a company that is exceeding its 1999 plans for both sales and profit," said Ferdinand Pohl, chief executive of Wyle's parent organization, VEBA Electronics Inc. "Although Mike's departure makes necessary an unexpected change in management, we will continue the successful policies and procedures he established."
VEBA said it will immediately begin a search to replace Rohleder. In the interim, Pohl will assume the chief executive role at Wyle, dividing his time between Irvine and VEBA's North American headquarters in Santa Clara, Calif.