McWilliams is transitioning to a new role as chief strategy officer. Henry ''Hank'' Nothhaft, current vice chairman of the board, will become president and chief executive, effective immediately. McWilliams will remain chairman of Tessera's board of directors.

Nothhaft joined Tessera's board of directors in 2004 and joined the company as a full-time employee in April of this year in the role of vice chairman.

In his new role, McWilliams will focus on strategic issues. This includes intellectual property (IP) and building relationships with others.

''This transition of roles for McWilliams and Nothhaft comes as the company recognizes the need for operational excellence coupled with a stronger focus on long-term strategy, to further develop and grow these businesses at a rapid rate,'' according to the San Jose-based chip-packaging technology vendor.

By: DocMemory
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