News on April 5, according to the Wall Street journal reported, Marvell Technology Group (happy electronic Technology company) combination of husband and wife, CEO Sehat Sutardja (Sehat Sutardja) President Dai Weili (Weili Dai) today announced that it had to leave.
In the event a month ago, leaving the relevant audit committee to investigate the voice of the "top" Marvell (tone at the top), and then found a series of financial problems Marvell.
Happy happy news, share prices of electronic science and technology in today's sharp opening up 14% to $11 per share.
Marvell is by couples combination Sehat Sutardja (Sehat Sutardja) and Dai Weili (Weili Dai) jointly established a semiconductor company, by Sehat Sutardja as CEO, Dai Weili as chief executive. Although they have from their management positions, but will still occupies an important position on the board of directors of the company, and sehat sutardja will remain as chairman of the board of directors of the company.
Marvell CEO and President of both quit
Marvell CEO Sehat Sutardja (Sehat Sutardja) and President Dai Weili (Weili Dai)
Marvell outside directors arturo Kruger said: "the board of directors think it is time for the couple to lead the company."
Announced in March this year, Marvell through an internal investigation, they found a series of financial problems closely related to revenue, then the financial and other federal agencies for Marvell issues for further investigation. But then Marvell claimed that federal agencies did not find the evidence about the problem, and put forward the so-called "voice of the" high-level events, including the top management under pressure to achieve revenue expectations.
In October last year, when the original external Marvell left his position on the its relevant accounting firm pricewaterhousecoopers, from then on, Marvell has hired deloitte touche tohmatsu now responsible for the financial auditing.
Previously, Marvell has said it is looking for someone who long-serving chief financial officer and other independent board members. Before the find a new CEO, executive vice President for Marvell two Maya Strelar - Migotti and Pantelis Alexopoulos Marvell CEO will temporarily take over openings.
Last week, Marvell said it will likely catch up with the company's earnings release normal deadline. On Tuesday, the company says it is working to do all the company's annual report and two quarter, will be released as soon as possible.