Skyworks Appoints Eric Guerin to its Board of Directors

Rhea-AI Summary

Skyworks Solutions (Nasdaq: SWKS) announces the appointment of Eric J. Guerin to its board of directors. Guerin is currently the executive vice president and chief financial officer for CDK Global, bringing extensive financial and operational expertise. His experience encompasses a diverse range of industries, enhancing Skyworks' strategic initiatives in the Internet of Things and 5G transitions. CEO Liam K. Griffin expressed confidence that Guerin's background will support Skyworks in navigating expanding market opportunities.

Positive

• Appointment of Eric J. Guerin adds financial and operational expertise.
• Guerin's experience in Asia-Pacific markets aligns with Skyworks' diversification efforts.
• Strengthened leadership may enhance company strategy in Internet of Things and 5G.

Negative

• None.

Accomplished Finance Veteran Brings Broad Operational Experience

IRVINE, Calif.--(BUSINESS WIRE)-- Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog semiconductors connecting people, places and things, today announced that the company has appointed Eric J. Guerin to its board of directors. Guerin currently serves as executive vice president and chief financial officer for CDK Global, a leading publicly traded provider of integrated technology solutions to the automotive industry. Prior to joining CDK Global, Guerin served as division vice president and sector chief financial officer at Corning Glass Technologies, a division of Corning Inc.

“We are pleased to have Eric join our board of directors,” said Liam K. Griffin, chairman, CEO and president of Skyworks. “His blend of financial and operational expertise, together with his extensive engagements within Asia-Pacific markets, will be invaluable as Skyworks continues to enable a rapidly expanding set of applications and opportunities.”

“I look forward to leveraging my experience to help guide the company’s ongoing diversification efforts across the Internet of Things and its sustained leadership in the global transition to 5G,” said Guerin. “This is an exciting time to be aligned with a market leader like Skyworks as wireless connectivity transforms the way we work, play and educate.”

Guerin, 50, currently serves on the board of directors of Natus Medical, a publicly traded provider of medical equipment, software and services. He received a bachelor’s degree in accounting from The City University of New York, College of Staten Island, after which he was recruited to Johnson & Johnson, where he held various finance roles. Guerin also earned a master’s in business administration from St. John’s University and received his CPA and CMA designations (both inactive).

About Skyworks

Skyworks Solutions, Inc. is empowering the wireless networking revolution. Our highly innovative analog semiconductors are connecting people, places and things spanning a number of new and previously unimagined applications within the aerospace, automotive, broadband, cellular infrastructure, connected home, entertainment and gaming, industrial, medical, military, smartphone, tablet and wearable markets.

Skyworks is a global company with engineering, marketing, operations, sales and support facilities located throughout Asia, Europe and North America and is a member of the S&P 500^® and Nasdaq-100^® market indices (Nasdaq: SWKS). For more information, please visit Skyworks’ website at: www.skyworksinc.com.

Safe Harbor Statement

Any forward-looking statements contained in this press release are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include without limitation information relating to future events, results and expectations of Skyworks. Forward-looking statements can often be identified by words such as “anticipates,” “expects,” “forecasts,” “intends,” “believes,” “plans,” “may,” “will” or “continue,” and similar expressions and variations or negatives of these words. Actual events and/or results may differ materially and adversely from such forward-looking statements as a result of certain risks and uncertainties, including those identified in the “Risk Factors” section of Skyworks' most recent Annual Report on Form 10-K (and/or Quarterly Report on Form 10-Q) as filed with the Securities and Exchange Commission (“SEC”). Copies of Skyworks' SEC filings can be obtained, free of charge, on Skyworks' website (www.skyworksinc.com) or at the SEC's website (www.sec.gov). Any forward-looking statements contained in this press release are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Note to Editors: Skyworks and the Skyworks symbol are trademarks or registered trademarks of Skyworks Solutions, Inc., or its subsidiaries in the United States and other countries. Third-party brands and names are for identification purposes only and are the property of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220131005195/en/

Media Relations:

Constance Griffiths

(949) 231-4207

Investor Relations:

Mitch Haws

(949) 231-3223

Source: Skyworks Solutions, Inc.

FAQ

What is the significance of Eric J. Guerin's appointment to Skyworks Solutions?

Eric J. Guerin's appointment to the board is significant as it brings extensive financial and operational expertise, which is crucial for Skyworks' strategic initiatives in expanding markets.

How does Eric J. Guerin's experience benefit Skyworks Solutions?

Guerin's background in various industries and his focus on markets such as Asia-Pacific will aid Skyworks in its diversification strategies and efforts in the Internet of Things and 5G.

What is Skyworks Solutions' focus following the appointment of Eric J. Guerin?

Skyworks aims to leverage Guerin's expertise to enhance its operational strategy, particularly in the growing sectors of the Internet of Things and 5G technology.

Who is Eric J. Guerin?

Eric J. Guerin is the newly appointed board member of Skyworks Solutions, formerly CFO of CDK Global, with a background in finance within major corporations.

What is the role of Skyworks Solutions in the semiconductor industry?

Skyworks Solutions is a leader in high-performance analog semiconductors, focusing on connectivity solutions across various applications including automotive and wireless technology.