SAN JOSE, Calif., Nov. 3, 2011 (GLOBE NEWSWIRE) -- PDF Solutions, Inc. (Nasdaq:PDFS), the leading provider of yield improvement technologies and services for the integrated circuit (IC) manufacturing process life cycle, today announced the appointment of Gregory Walker to the position of chief financial officer and vice president of finance, effective November 10, 2011. Mr. Walker is replacing Michael Shahbazian, who acted as the company's interim chief financial officer since mid-June and who will remain with the company during a transition period.
Prior to joining PDF Solutions, Mr. Walker held the position of Sr. Vice President and Chief Financial Officer at InnoPath Software, a provider of wireless-software for mobile device management. Before that, Mr. Walker was Sr. Vice President and Chief Financial Officer at Magma Design Automation, Inc., a provider of electronic design automation software to the semiconductor industry. Earlier in his career, he held various financial roles at technology companies, including Synopsys, Integrated Device Technology, International Business Machines Corporation and Xerox Corporation.
"With his extensive public company and financial experience in the technology and semiconductor industries, Greg is an ideal addition to our management team," said Mr. Kibarian. "His leadership will be impactful to improved, sustainable financial performance," added Mr. Kibarian.
"I would like to thank Mike Shahbazian for his significant contributions during this transitional period," said Mr. Kibarian. He continued, "I wish Mike all the best in his future endeavors."
About PDF Solutions
PDF Solutions, Inc. (Nasdaq:PDFS) is the leading provider of yield improvement technologies and services for the IC manufacturing process life cycle. PDF Solutions offers solutions that are designed to enable clients to lower costs of IC design and manufacture, enhance time to market, and improve profitability by addressing design and manufacturing interactions from product design to initial process ramps to mature manufacturing operations. PDF Solutions' Characterization Vehicle® (CV®) test chips provide the core modeling capabilities, and are used by more leading manufacturers than any other test chips in the industry. PDF Solutions' industry leading yield management system software, dataPOWER®, and fault detection and classification software, mæstria®, enhance yield improvement and production control activities at leading fabs around the world. Headquartered in San Jose, Calif., PDF Solutions operates worldwide with additional offices in China, Europe, Japan, Korea, Singapore and Taiwan. For the company's latest news and information, visit http://www.pdf.com/.
The PDF Solutions, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3199
Forward-Looking Statements
This release contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the statements regarding improved and sustainable financial performance. These forward-looking statements involve important factors that could cause our actual results to differ materially from those in the forward-looking statements. Such important factors involve risks and uncertainties including, but not limited to, any unforeseen industry changes; difficulties in modifying PDF's solutions on a timely basis; and changes in the marketplace for such solutions, including the introduction of products or services competitive with PDF Solutions' products and services and other risks set forth in PDF Solutions' periodic public filings with the Securities and Exchange Commission, including, without limitation, its annual reports on Form 10-K, most recently filed on March 22, 2011, and its quarterly reports on Form 10-Q, most recently filed on August 9, 2011. The forward-looking statements contained in this release are based on limited information currently available to us, which is subject to change. Although any such projections and the factors influencing them will likely change, we will not necessarily update the information, since we only provide guidance at certain points during the year. Actual events or results could differ materially and no reader of this release should assume at a later date that the information provided today is still valid. Such information speaks only as of the date of this release. PDF Solutions does not assume any obligation to update such statements nor the reasons why actual results could differ materially from those projected in such statements.