Spansion Strengthens Executive Team With Appointment of Jose Mejia as EVP of Operations30 June 2006
Spansion Inc. (Nasdaq: SPSN), the world's largest pure-play provider of Flash memory solutions, today announced the appointment of Jose Mejia as executive vice president of operations. The appointment of Mejia, a 24-year supply chain management veteran, further strengthens Spansion's focus on operational excellence and enhances the senior leadership team. Mejia will report to the Office of the CEO.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060118/SFW077LOGO )
"As Spansion sharpens its focus on operational excellence, it is critical that our supply chain systems are aligned to exceed our customers' expectations," said Jim Doran, Chief Operating Officer and member of the Office of the CEO of Spansion. "Jose Mejia is renowned in the industry for his supply chain and operations expertise. He is a valuable addition to the Spansion executive team."
Early in 2006, Spansion announced its top priorities as a newly independent company: The successful execution on the compelling MirrorBit(R) product roadmap; a dedicated focus on operational excellence and the efficient management of capital.
The appointment of Mejia is a critical component of those priorities, ensuring that Spansion successfully aligns its technology, products, manufacturing and business processes to exceed customer expectations.
"Spansion is a unique company with a tremendous future and a potential to reshape the industry. I am excited to be part of a team that is focused on growth, on solutions that solve customers' problems and on people, as the primary means to achieve success," said Jose Mejia, executive vice president of operations. "I look forward to helping Spansion deliver a bright and awesome future."
Mejia brings more than two decades of experience in supply chain, manufacturing and operations management experience to Spansion. He is the winner of several prestigious awards including the Ellis Island Medal of Honor in 2006. In addition, Mejia was named one of four legends that made a difference in supply chain by Purchasing Magazine in 2005 and was named one of the top 25 most influential Hispanics in business and technology in 2005. Most recently, Mejia served as president of Lucent Technology's Supply Chain Networks business, where he was responsible for improving efficiency of the supply chain. Prior to Lucent, Mejia was at Ford Motor Company and played a pivotal role in re-engineering the company's worldwide manufacturing, supply chain and order-to delivery processes. Additionally, Mejia also held executive management roles at Bay Networks and Nortel Networks, where he spearheaded several initiatives that significantly improved manufacturing and operation efficiencies at both companies. Mejia is also a member of the board of directors of the Pella Corporation, Liberty Property Trust, the Smithsonian Institute-Latino Center and a member of the advisory board to Duke University's Fuqua School of Business.
About Spansion
Spansion is a leading Flash memory solutions provider, dedicated to enabling, storing and protecting digital content in the wireless, automotive, networking and consumer electronics markets. Spansion, previously a joint venture of AMD and Fujitsu, is the largest company in the world dedicated exclusively to developing, designing, and manufacturing Flash memory products and systems. For more information, visit http://www.spansion.com.
Cautionary Statement This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that the forward- looking statements in this release involve risks and uncertainties that could cause actual results to differ materially from the company's current expectations. Risks that the company considers to be the important factors that could cause actual results to differ materially from those set forth in the forward-looking statements include the possibility that demand for the company's Flash memory products will be lower than currently expected, including without limitation the upcoming HD-SIM solution; that OEMs will increasingly choose NAND-based Flash memory products over NOR- and ORNAND- based Flash memory products for their applications; that customer acceptance of MirrorBit technology will not continue to increase; that competitors may introduce new memory technologies that may make the company's Flash memory products uncompetitive or obsolete; that the company may not achieve its current product and technology introduction or implementation schedules; that the company will be unsuccessful in executing its strategy of collaborating with strategic partners to integrate logic blocks into its Flash memory solutions; and that the company will not be able to raise sufficient capital to enable it to establish leading-edge capacity to meet product demand and maintain market share. We urge investors to review in detail the risks and uncertainties in the company's Securities and Exchange Commission filings, including but not limited to the company's Registration Statement on Form S-1.
NOTE: Spansion, the Spansion logo, MirrorBit, ORNAND and combinations thereof, are trademarks of Spansion LLC. Other names used are for informational purposes only and may be trademarks of their respective owners.
Source: prnewswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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