Chameleon Systems Inc. today named Peter Feist as its new president and chief executive, replacing Chuck Fox who stepped down last October.
Feist formerly headed the marketing effort at FPGA supplier Gatefield Corp. (now part of Actel Corp.), and most recently was vice president of worldwide marketing at QuickLogic Corp.
Chameleon, San Jose, is retrenching after its Reconfigurable Communications Processor failed to find an audience among communications OEMs awash in excess component inventory. In January, the company announced it had fired half its workforce and would revamp its product in time to launch when market conditions improve.
"The recent economic downturn gave us the opportunity to scale and substantially improve the architecture of our flagship product -- the Reconfigurable Communications Processor (RCP) -- to better meet our customers' needs," said Tim Unger, interim president and chief executive of Chameleon in a prepared statement.
"We now look to Peter to set the company's strategic direction, lead the senior management team, and oversee all aspects of the company's business operations."