Richard J. Simoncic Appointed as COO at Microchip Technology

Experienced Operating Officer Richard J. Simoncic Appointed as New COO at Microchip Technology Incorporated

Microchip Technology Incorporated is excited to announce the appointment of Richard J. Simoncic as the new Chief Operating Officer, effective April 1, 2024. Simoncic has been with the company since 1990 and most recently served as Executive Vice President. This move comes as Senior Vice President Stephen V. Drehobl is set to retire on June 7, 2024.

Simoncic’s extensive experience and knowledge of the industry will be a valuable asset to the company’s leadership team. He has been instrumental in driving growth and success at Microchip Technology and will continue to do so under the guidance of President and CEO Ganesh Moorthy.

This appointment signifies a focus on continuity and experience in Microchip Technology’s leadership team, which will help to ensure a smooth transition for Simoncic in his new role. MCHP stock is expected to benefit from this change in leadership, as investors look forward to seeing how Simoncic will lead the company into its next phase of growth and success.

If you are looking for more information on MCHP stock, head over to TipRanks’ Stock Analysis page for up-to-date insights and analysis on this exciting development at Microchip Technology Incorporated.

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