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Tuttle replaces Sayiner as CEO at Silicon Labs

3/2/2012 01:36 AM EST
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daleste
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CEO
re: Tuttle replaces Sayiner as CEO at Silicon Labs
daleste   3/9/2012 2:47:23 AM
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Thank you for the perspective, Junko. It just seems strange that a 45 year old CEO is replaced with a 44 year old. I guess if I made $5.5 mil last year, I would be ready to retire, but I'm not a CEO. I would expect that he would move to chairman of the board or something.

junko.yoshida
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re: Tuttle replaces Sayiner as CEO at Silicon Labs
junko.yoshida   3/8/2012 12:35:23 PM
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I think whenever we hear the news like CEO change, we immediately assume that something might have gone wrong. As far as I can tell by listening to the CEO transition call Silicon Labs made on March 1st, this may be one of those rare occasions that the succession plan might have been in place well before the announcement; and they had plenty of time to groom Tuttle to become the next CEO. Tuttle made it clear in the conference call -- which was joined by Necip Sayiner, the company's current CEO -- saying: "We are not in need of a new strategy," and "I don't expect to make dramatic changes. We have a great business, and we'd like to preserve and build upon what made it successful." If everything they are saying is true (and there is no reason NOT to believe them), the company has managed to plan ahead for a successful transition -- instead of creating usual chaos we often see in a company in a quarterly panic mode, with "heads are rolling, heads are rolling!"

goafrit
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re: Tuttle replaces Sayiner as CEO at Silicon Labs
goafrit   3/2/2012 4:20:09 PM
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Congrats to the Johns Hopkins guy. Yet, we need to be told why the CEO is leaving. Health? I have checked and nothing seems to show up. Thought this company is doing fine!

daleste
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CEO
re: Tuttle replaces Sayiner as CEO at Silicon Labs
daleste   3/2/2012 3:14:56 AM
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Interesting. Anyone know why they fired Sayiner? I guess double wasn't enough. It's always "what have you done lately?"

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