Spansion, Inc., the world’s largest pure-play provider of flash memory solutions, today announced the appointment of high-technology finance veteran Randy Furr as executive vice president and chief financial officer (CFO).
Most recently, Furr held senior executive positions at Magellan, a portable GPS systems company; Aliph, a provider of wireless headsets; and Adobe Systems, a creative professional and enterprise software company.
Furr spent 13 years at Sanmina-SCI, nine as president and COO and four as executive vice president and chief financial officer. At Sanmina-SCI, Furr implemented the necessary financial discipline and processes to lead the company to a successful IPO.
During his tenure, Sanmina-SCI completed over 50 mergers and acquisitions, grew sales from $60 million to $12 billion, and increased capitalization from $250 million to over $5 billion. Prior to Sanmina-SCI, Furr has also held management positions at General Signal and Arrow Engineering.
“Randy brings a wealth of experience as a successful CFO along with a deep understanding of operations and a track record of managing companies through restructuring and growth periods,” said John Kispert, president and CEO of Spansion.
“Spansion is on the right track in its restructuring efforts and is well-positioned to execute on its strategy to focus on the embedded solutions market and IP licensing, generating free cash flow and profits,” said Randy Furr, executive vice president and CFO. “I am looking forward to playing a key role in helping structure Spansion to emerge as a successful, viable enterprise.”
Source: http://www.spansion.com
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