Fremont, Calif.--June 28, 1999--Avanti Corp. (Fremont) announced the creation of a new finance team at thecompany. Effective immediately, Sam Chang is Avanti's head offinance. In his new role, Chang will be responsible for managing the company'sglobal financial operations. Avanti also announced that once its acquisitionof the Xynetix corporation is complete, Tom Beckley, Xynetix's president andCEO will serve as executive staff of finance in addition to his role as headof Avanti's Silicon Packaging Division. In this role Beckley will providefinancial advice to the CEO and function as the financial spokesman for thecompany.
Tom Beckley has served in finance and operations roles at Xynetix, and itspredecessor, the Harris Corporation since 1981, including over 10 years in theEDA industry. In 1993, as vice president and chieffinancial officer, he led a management buy-out of Xynetix from the HarrisCorporation. In 1996 he was appointed president and CEO. Beckley received hisbachelor's degree in economics and mathematics from Kalamazoo College and amaster's degree in business administration from Vanderbilt University.
Prior to his appointment as head of finance, Sam Chang served as Avanti's headof corporate planning. In that role, Chang focused on Avanti's long-rangestrategy and mergers and acquisitions. Before joining Avanti, Chang was thehead of East Asia mergers and acquisitions for Union Bank of Switzerland.Prior to that, he held positions as vice president, investment banking, atSalomon Brothers and as a corporate planning manager at Philip Morris. Changis a graduate of Harvard College and received his master's degree in businessadministration from the Wharton School. Chang replaces Peter Teshima, whoresigned his position on June 25, 1999 to pursue personal interests.
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