Beleaguered chip maker Marvell Technology Group (MRVL) this afternoon announced it is appointed tech turnaround expert Richard S. Hill to be the chairman of its board of directors.

Marvell shares are unchanged on the news, at $9.75 in late trading.

If Hill’s name is familiar, it’s because Hill was recently appointed to Yahoo!’s (YHOO) board along with three other nominees of activist firm Starboard Value LP, and served as the interim CEO at Tessera Technologies (TSRA) as that company was turned around.

Mr. Hill is a seasoned senior executive and public company board member who has served as Chairman of Tessera Technologies, a technology company that specializes in inventing, productizing, and acquiring intellectual property, since 2013, and who previously served as Tessera’s interim CEO. Prior to Tessera, Mr. Hill spent 20 years at Novellus Systems, a semiconductor equipment designer and manufacturer, where he grew revenues from approximately $60 million to approximately $1.7 billion as CEO and eventually sold the company to Lam Research Corporation for more than $3 billion. Mr. Hill currently serves as a director of Arrow Electronics, Cabot Microelectronics Corporation, and Autodesk. He previously served as a director of Planar Systems, Novellus Systems, LSI Corporation, and SemiLEDs. He has served on three Governance Committees (one as Chair), two Compensation Committees (one as Chair), and three Audit Committees throughout his career. In addition to being the CEO of numerous technology companies, Mr. Hill has significant intellectual property experience.

By: DocMemory
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