John McGrath Joins Actel Board of Directors
Market Wire, April, 2008
Actel Corporation (NASDAQ: ACTL) today announced the appointment of John McGrath to its Board of Directors. Bringing to Actel more than 20 years of experience working with high-growth technology companies, Mr. McGrath has been Vice President and CFO of Network Equipment Technologies (NYSE: NWK) since 2001. At NET, he is directly responsible for global finance, human resources, investor relations, and corporate services.
"In addition to the breadth of his experience in preparing, auditing, and analyzing financial statements, the depth of John's understanding regarding generally accepted accounting principles, internal controls over financial reporting, and Audit Committee functions makes him eminently qualified to serve as our Audit Committee Financial Expert," said John East, President and CEO of Actel. "John is a wonderful addition to our Board of Directors, which expects that he will play an important role in our success."
"I look forward to helping Actel strengthen its position as the leading provider of ultra low-power FPGAs and power-efficient programmable system chips for power and system management," said Mr. McGrath.
Before joining NET, Mr. McGrath was Vice President, Finance at Aspect Communications and Director of Finance at TCSI Corporation. He also serves on the Board of Directors and as the Audit Committee Financial Expert of Endwave Corporation (NASDAQ: ENWV) and on the Board of Trustees and as the Audit Committee Chairman of KCO Investments' Presidio Funds (PRSDX), a public mutual fund. Mr. McGrath holds a Bachelor of Science degree in Accounting from the University of Wyoming and a Master of Business Administration degree, with emphasis in finance and international business, from the Stanford Graduate School of Business. Before entering the M.B.A. program at Stanford, he was as an Audit Manager in Ernst & Young's High-Technology/Manufacturing Group.
About Actel
Attacking power consumption from both the chip and the system levels, Actel Corporation's innovative FPGAs and programmable system chip solutions enable power-efficient design. The Company trades on the NASDAQ National Market under the symbol ACTL and is headquartered at 2061 Stierlin Court, Mountain View, Calif., 94043-4655. For more information about Actel, visit http://www.actel.com . Telephone: 888-99-ACTEL (992-2835).
Editor's Note: The Actel name and logo are registered trademarks of Actel Corporation. All other trademarks and servicemarks are the property of their respective owners.
Investor Contact: Jon Anderson (650)318-4445 Email Contact http://www.actel.com Media Contact: Stephanie Mrus (650)318-4614 Email Contact http://www.actel.com
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