CAMPBELL, Calif. -- Zilog, Inc. today announced that Curtis J. Crawford, chairman of the board, president and chief executive officer of Zilog will step down as CEO.
Crawford will remain as Zilog's chairman and will continue to guide the company's strategic direction, the company said.
"We have reached an important juncture in Zilog's development," said Crawford in a released statement. "Over the last three years, we have worked to transform Zilog into a lean communications company, focused on networking, connectivity and wireless products. At this point in the company's evolution, it is critical that the role of chairman provide Zilog's high-level, strategic focus and that we bring on a chief executive officer to focus on day-to-day operations."
Crawford, a former executive at AT&T and Lucent Technologies, will lead the effort to find the right successor and, in the interim, will remain as Zilog's CEO.
Today's announcement came barely a month after Zilog said that it would cut 7% of its workforce due to slowing demand for its products. The chip company also said then that it expected fourth quarter 2000 revenues to decline approximately 15% from the third quarter of 2000, and that first quarter 2001 will decline approximately 10% from the fourth quarter of 2000.
A spokeswoman last month said that Zilog also is "in preliminary discussions" with American Microsystems Inc., Pocatello, Idaho, to sell Module 2 of its wafer fab in Nampa, Idaho. That fab uses 5-inch wafers.
Regarding the layoffs, Zilog said last month that it "will restructure to use more resources for the development of the new products that are important to Zilog's future, particularly in the Communications market."