Black had led Rambus, a broad-based developer of semiconductor and technology intellectual property, since 2011. The termination is not related to the company's financial and business performance, the company said in a statement. Rather it follows an "incident" in which the board of directors said Black’s conduct "fell short of the company's standards."
Black is the second hasty removal of a CEO in recent weeks. Brian Krzanich resigned as Intel CEO and as member of the board of directors after the company was informed about a past consensual relationship with an Intel employee that broke "non-fraternization" rules.
Rambus has appointed Luc Seraphin, general manager of the memory and interfaces division as interim CEO of the company
In addition, director Chuck Kissner has been appointed vice chairman of the board of directors. Kissner will provide direct support to Seraphin and the Rambus senior management team during the interim period to ensure a smooth and effective transition.
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