MANHASSET, N.Y. Plagued by recent losses, Zoran Corp. made management changes Monday (May 9), appointing 26-year semiconductor industry veteran Gary DeMel senior vice president of sales while announcing the departure of chief operating officer Camillo Martino.
Zoran (Sunnyvale, Calif.), a supplier of digital semiconductors for multimedia applications, posted losses in its March
and December 2004
fiscal quarters. In an apparent attempt to right itself back on course, Zoran named former Motorola executive Ray Burgess
to its Board of Directors on April 27.
DeMel was most recently senior vice president and chief sales officer with Bridgeco Semiconductors Inc. Prior to that, Gary held positions with Tarari Inc. as vice president worldwide sales, with ATI Technologies as senior vice president worldwide sales, and at Intel as senior director worldwide sales/business development as well as other management positions in the semiconductor industry.
Employed by Zoran for nearly four years, Martino is said to be departing to pursue a chief executive position at a private company. He will remain at Zoran during the management transition.
Besides shaking up its management, Zoran is also in an acquisitive mode. Earlier today, Zoran purchased Oren Semiconductor Ltd.
, an Israeli supplier of demodulator ICs for digital television, for $44.6 million in cash and stock.