Vishay Intertechnology Appoints David McConnell Chief Financial Officer
“The appointment of
“Dave McConnell is a seasoned, dynamic and trusted leader within our finance organization. He possesses the necessary business understanding of Vishay’s global operations to collaborate effectively with business unit heads and functional leaders in developing Vishay’s multi-year strategic and operational plans to take full advantage of the mega trends in connectivity, e-mobility and sustainability. Dave Tomlinson’s proven accounting management and financial reporting capabilities and extensive experience with Vishay’s global operations have been and will be instrumental to our efforts to enhance our financial analytics and decision-making tools to support Vishay’s re-orientation from a cash flow managed business to P&L driven company,” added
“Lori Lipcaman has served Vishay extremely well over her 35-year career at the company, and on behalf of the Board and entire organization I wish to extend my appreciation to her for her abiding dedication and commitment to Vishay,” said
David McConnell, 57, has been Senior Vice President- Corporate Treasurer and Risk Management since
About Vishay
Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Serving customers worldwide, Vishay is The DNA of tech.®
Statements contained herein that relate to the Company's executive leadership and strategic plans are forward-looking statements within the safe harbor provisions of Private Securities Litigation Reform Act of 1995. Words such as “will be,” “will,” “plan,” “assume,” “intend,” or other similar words or expressions often identify forward-looking statements. Such statements are based on current expectations only, and are subject to certain risks, uncertainties and assumptions, many of which are beyond our control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance, or achievements may vary materially from those anticipated, estimated or projected. Among the factors that could cause actual results to materially differ include: general business and economic conditions; manufacturing or supply chain interruptions or changes in customer demand because of COVID-19 or otherwise; delays or difficulties in implementing our cost reduction strategies; delays or difficulties in expanding our manufacturing capacities; an inability to attract and retain highly qualified personnel; changes in foreign currency exchange rates; uncertainty related to the effects of changes in foreign currency exchange rates; competition and technological changes in our industries; difficulties in new product development; difficulties in identifying suitable acquisition candidates, consummating a transaction on terms which we consider acceptable, and integration and performance of acquired businesses; changes in
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Executive Vice President, Corporate Communications
+1-610-644-1300
Source: Vishay Intertechnology, Inc.