Powervation Appoints Chief Financial Officer

altSenior Financial Leader Joins Management Team of Digital Power IC Company
Cork, Ireland, and San Jose, CA, December 1, 2014: Powervation Ltd. (www.powervation.com), the leader in Intelligent Digital Power™ IC solutions, today announced that it has appointed Rick Santos as its new Vice President and Chief Financial Officer.

Rick Santos brings over 20 years of corporate finance, M&A, and international financial management experience with both public and privately-held companies, in the technology and semiconductor sectors. Most recently Rick served as Vice President and CFO of Validity Sensors, Inc. where he played key roles in helping to build the business and lead the company through its successful acquisition by Synaptics Incorporated in November 2013.

"I am delighted to have Rick join the Powervation team," said Mike McAulliffe, Chief Executive Officer. "Rick is a seasoned financial leader with a wealth of experience and a proven ability to manage finance teams, growth and operational excellence initiatives. I believe he can be instrumental in helping us build the company and achieve our long-term business objectives."

Rick has also held CFO and senior financial management positions with a variety of other technology companies, including, Intel Corporation (NSDQ: INTC), VxTel (acquired by Intel), Exar Corporation (NSDQ: EXAR), and Fundamental Software. Rick began his career in Silicon Valley with Deloitte & Touche and holds a BS degree in accounting and business administration from Humboldt State University.

"Powervation is an emerging leader in the exciting high-growth, digital power market and I'm thrilled at the opportunity to join the Powervation management team, and lead the company's finance and strategic business initiatives" said Rick Santos, Chief Financial Officer at Powervation.

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For Further Information:

David New
Vice President of Product Marketing
Powervation Inc.
San Jose, CA 95134
Office: +1 408 837 0544
E-mail: david.new@powervation.com

For Press Enquiries:

Nick Foot
PR Director
BWW Communications
Henley-on-Thames, Oxfordshire, RG9 2AR
Office: +44-1491-636 393
E-mail: nick.foot@bwwcomms.com


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