Exar CEO DiNardo steps down

Exar CEO DiNardo steps down

Business news |
By eeNews Europe

Exar chairman Richard Leza is taking over as interim president and CEO and the board is initiating a search for a permanent replacement for DiNardo.


No reason was given for DiNardo’s departure, which was said to be by mutual agreement between DiNardo and the company. In a statement, Leza thanked DiNardo "his many contributions to Exar." DiNardo took over as CEO at the beginning of 2012 and continued with strategy of acquisition to try and create economies of scale at the company.

Richard Leza, chairman and interim CEO of Exar Corp.The company also announced a preliminary second quarter fiscal year 2016 non-GAAP revenue of $37 million and non-GAAP earnings per share of $0.06. The company is due to release its second quarter fiscal year 2016 financial and operating results and details on its earnings November 5, 2015.

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