All change at Presto Engineering for growth
Presto Engineering in France has appointed a new chief executive to drive growth in chip design and production.
Cédric Mayor, VP Global Strategy & Corporate Development, has taken over as Chief Executive Officer (CEO). The previous CEO, and company founder, Michel Villemain, moves to Executive Chairman, primarily focusing on strategic and corporate development.
The microelectronics expert provides services from ASIC design to semiconductor production with headquarters in Meyreuil, France, and operations across Europe, North America, and Asia.
“As a member of the core management team of Presto, Cédric has played a key role in the development of the company over the years, and I am glad that he is stepping up to CEO,” said Thomas Fort, Chairman of the company’s Supervisory Board. “I would also like to thank Michel Villemain for his vision and strong leadership over the years, and I am delighted that Michel is staying on as Executive Chairman. I am looking forward to working with both Cédric and Michel in their new roles.”
“Presto Engineering has come a long way since 2006, when we started it with Frank Sauk in California,” said Michel Villemain.
“In the past 16 years, we have established a market leader and created the foundation for further expansion. I wish Cédric all the best in driving the company forward, after all we have done together for Presto since 2009. I want to thank our team—and all who have contributed to Presto’s achievements over the years—for their dedication and efforts and our shareholders for their confidence and support. I look forward to participating in our continued success in this more strategic role,” he said.
“I feel honoured to be appointed as the next CEO of Presto Engineering, and together with our extremely talented colleagues, will continue to help our customers create their products through semiconductor innovations and passion,” said Cédric Mayor, incoming CEO of Presto Engineering.
He has been at Presto Engineering for 13 years across various executive management positions, having joined from executive management roles at NXP Semiconductors, from process release to front-end and back-end of line migration, as part of the asset light company vision.
He started his career with SOISIC (a start-up acquired by ARM) as lead architect of silicon embedded memory and compilers.