SUNNYVALE, Calif. -- September 10, 2007 -- SiTime Corporation, the world’s leading innovator of MEMS-based timing solutions, today announced that its board of directors has appointed Rajesh Vashist as the company’s new CEO.
Mr. Vashist comes to SiTime from Ikanos Communications (NASDAQ: IKAN) where he served as CEO and chairman of the board. Vashist grew Ikanos from a small start up to a highly competitive and successful publicly traded company. Ikanos is a leading global provider of high performance silicon and software for interactive broadband.
“We are very pleased with the addition of Rajesh Vashist to SiTime's executive team”, said Charles Chi, Greylock partner and SiTime board member. “SiTime is a unique company with disruptive technology in the 10 billion unit timing industry. Rajesh's experience will be instrumental in leading SiTime in this next phase of high growth and business scaling to meet the market demands.”
Brooke Seawell, NEA partner and SiTime board member said, “Rajesh’s proven ability to lead top-performing teams and his track record of growing pre-IPO start ups was a key factor in the board’s decision.”
Vashist said, “SiTime is the world leader in MEMS timing with outstanding technology that will transform the multi-billion dollar timing industry. SiTime’s recent announcement of production surpassing 100 thousand units per week is evidence of the company’s ability to scale and deliver high quality products to their customers. It is an honor to lead the talented SiTime team and have the opportunity to build on its success.”
Vashist began his duties at SiTime on September 4th and succeeds Dr. Kurt Petersen, MEMS pioneer and entrepreneur. Dr. Petersen managed SiTime through its crucial research and development stage and brought the first product family into full production.
More information and a photo are available online at
SiTime Corporation designs, manufacturers, and markets MEMS-based silicon resonators, oscillators, and complete timing solutions. Key benefits are small size, high reliability, low cost, and short lead times. SiTime’s primary investors are Greylock, JAFCO, NEA venture capital firms and Robert Bosch GmbH.