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Avago directors step down

Posted: 17 Mar 2011     Print Version  Bookmark and Share

Keywords:Avago  management  directors  board 

Analogue and mixed-signal chip vendor, Avago Technologies Ltd announced the company's reorganisation following a secondary share offering as well as the resignation of three of its board of directors, James Davidson, David Kerko and Bock Seng Tan, on March 10. According to the company, it has decided not to fill the vacancies created by the resignations.

Davidson and Kerko were director designees of private equity funds Silver Lake and KKR, respectively. Following the secondary offering in February, each of these firms is entitled to designate only one member to Avago's board, the company said.

Tan was originally the director designee of Seletar Investments Pte Ltd, Avago said. Seletar is no longer entitled to designate a member to the company's board following its sale of Avago ordinary shares in a secondary offering in December 2010, Avago said.

Kerko and Tan had both been nominated for re-election to Avago's board but have withdrawn their nominations with their resignations, Avago said.

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