VANCOUVER, B.C. -- PMC-Sierra, Inc. announced that Robert L. Bailey has been appointed chairman of the board while continuing as president and CEO of the broadband communication chip maker.
James Diller, PMC-Sierra's previous chairman, will remain as vice chairman and director of the company.
"Over the past several years, PMC-Sierra has enjoyed spectacular success under Bob's leadership. At this stage, it is appropriate that he assume the role of chairman," said Diller, who is also president of Elantec. "This appointment recognizes Bob's contribution and positions PMC-Sierra to address the challenges ahead as the company continues to enable the build-out of the Internet Infrastructure."