|09:02 ATML Atmel: George Perlegos, Gust Perlegos and two additional officers terminated; CEO appointed (4.67 ) |
Co announces that its Board of Directors has appointed Steven Laub, currently a director of ATML and over 15-year industry veteran, as the co's President and Chief Executive Officer, effective immediately. Mr. Laub's appointment follows the unanimous decision of the Board's independent directors to terminate George Perlegos, as President and CEO; Gust Perlegos, as Exec VP, Office of the President; the VP and General Counsel and Assistant Secretary; and the VP of Planning and Information Technology. The Board's decision was made following an independent investigation into allegations regarding the misuse of corporate travel funds. George Perlegos and Gust Perlegos have been asked to resign as directors of the co.