Austin-based Freescale Semiconductor has added Daniel McCranie to its board of directors. McCranie currently is chairman of the board for ON Semiconductor and serves on the board of Cypress Semiconductor. He replaces Kevin Burns, a partner at TPG Capital, on the board. Freescale, which makes chips used in the automotive, networking and consumer markets, is currently owned by Blackstone, Carlyle, Permira and TPG. The chipmaker filed in February for an IPO that could raise as much as $1.15 billion.
Freescale Semiconductor Holdings I, Ltd. today appointed J. Daniel McCranie to its board of directors. Mr. McCranie fills the vacancy created by the resignation of Kevin Burns, a partner at TPG Capital.
Mr. McCranie brings nearly 40 years of sales and marketing experience in the semiconductor and communications industries to his new role on Freescale’s board of directors. Mr. McCranie currently is chairman of the board for ON Semiconductor and serves on the board of Cypress Semiconductor. Mr. McCranie has previously served as chairman of the boards of Actel Corporation, Virage Logic, SiSinc Semiconductor, Xicor Semiconductor and has previously served on the boards of ASAT Holdings and California Microdevices.
“Dan McCranie’s vast experience and deep understanding of the semiconductor industry make him a welcome addition to our board,” said Rich Beyer, Freescale’s chairman and CEO. “We look forward to having the benefit of his experience and knowledge.”
“I also want to thank Kevin for his distinguished service on our board,” said Beyer. “He brought critical operational expertise to the boardroom and made significant contributions toward positioning Freescale for a very bright future.”
About Freescale Semiconductor
Freescale Semiconductor is a global leader in the design and manufacture of embedded semiconductors for the automotive, consumer, industrial and networking markets. The privately held company is based in Austin, Texas, and has design, research and development, manufacturing and sales operations around the world.
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