Dallas Semiconductor Names New Head
DALLAS (AP) _ Dallas Semiconductor Corp. said Monday that Chao C. Mai has been elected president and chief operating officer, taking some of the duties of Vin Prothro, who died last week after a heart attack.
The company also named three longtime non-employee directors to handle the chief executive’s duties until the company names a new CEO. The three are Richard L. King, M.D. Sampels and Carmelo J. Santoro.
Prothro, 58, who was chairman, president and chief executive, died Thursday. He helped found the company in 1984.
``We intend to stay the course that Vin established,″ said Mai, a co-founder of the company who had been senior vice president.
Dallas Semiconductor makes specialty semiconductors for use in many industries, including telecommunications and computing. The company had 1999 profits of $68.3 million on revenue of $392.4 million.
In afternoon trading Monday morning, shares of Dallas Semiconductor fell 38 cents to $35.25.