Business Services Industry
MMC Networks Announces Resignation of CEO; Amos Wilnai, Founding CEO and Chairman, Named Interim CEO
Business Wire, Nov 4, 1998
SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 4, 1998--MMC Networks Inc. (Nasdaq:MMCN) today announced that its president and CEO, Prabhat K. (PK) Dubey, 48, has resigned for personal reasons.
The resignation is effective immediately. The board of directors has appointed Amos Wilnai, the company's founding CEO and chairman of the board, 59, as interim CEO. A search for a new CEO will begin immediately. Dr. Dubey has agreed to remain a consultant to the company.
"The board, MMC employees and I personally would like to thank PK for his outstanding achievement in helping to build MMC from an infant startup to a successful public company with world-class customers, strong technology and product portfolios," said Wilnai. "We are indebted to him for his many contributions."
MMC Networks Inc. is a leading developer and supplier of Network Processors, which are high performance, open-architecture, software programmable processors optimized for networking applications. More information on the company is available from the company's SEC filings.
If you would like additional product information, please call 408/731-1600 or visit http://www.mmcnet.com. MMC Networks is traded on the Nasdaq National Market under the symbol MMCN.
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