Marvell Semiconductor Names Gordon Steel as Vice President Finance and Chief Financial Officer; Mixed-signal IC Company Welcomes Industry Veteran

Business Wire, Sept 21, 1998

SUNNYVALE, Calif.--(BUSINESS WIRE)--Sept. 21, 1998--Marvell Semiconductor, Inc. (http://www.marvell.com) today announced the appointment of industry veteran Gordon Steel as the company's vice president of finance and chief financial officer.

"Gordon Steel has extraordinary financial skills and a proven track record with semiconductor companies," said Sehat Sutardja, Marvell's president and chief executive officer. "We are extremely pleased to have someone of his caliber to help guide the rapid growth of our company. He is a valuable addition to our executive management team."

"I am very impressed with the sophistication and breadth of Marvell's proprietary technology," said Steel. "The company has excellent management and has attracted some significant partners. I believe Marvell has the potential to be a market leader."

An MBA graduate from the Stanford Graduate School of Business, Gordon Steel brings more than 27 years of financial management experience to Marvell Semiconductor. He was at Xilinx, Inc. for more than 11 years as senior vice president of finance and chief financial officer. During Steel's tenure, the In-Stat consulting firm named Xilinx one of the best financially managed semiconductor companies for an unprecedented five times. Previously, he held executive financial management positions at several Silicon Valley firms. About Marvell

Marvell Semiconductor, Inc. is a privately-held company with expertise in high-performance, mixed-signal (analog and digital) and digital integrated circuits for high-speed computers, data storage and communications. Marvell's breakthrough Mixed-Signal Processing (MSP(TM)) technology allows the development of high-bandwidth, mixed-signal system-on-chip solutions in pure digital CMOS technology.

Currently Marvell targets high-performance, high-capacity disk drive applications with a superior product line of high-speed, low-cost, low-power PRML read channel circuits and a family of pre-amplifier products. Marvell is headquartered at 525 Almanor Ave., Sunnyvale, Calif., 94086; or phone: 408/524-2488; fax: 408/524-6880; Web site: http://www.marvell.com.