Thursday, December 6, 2007

Keeley retires from Simtek board

Robert Keeley, a professor emeritus of finance at the University of Colorado at Colorado Springs, has retired after 14 years on the board of directors of Colorado Springs-based semiconductor designer Simtek Corp.
Keeley retired as the El Pomar chair of finance at UCCS in 2004. He had been chairman of Simtek's audit committee and will be replaced by John Hillyard, who joined the board last year and is chief financial officer of Boulder-based LeftHand Networks Inc.
Simtek also said Philip Black, who joined the company's board in August, was named chairman of the board's compensation committee and a member of the audit committee. Black is chief executive of California-based Nexsan Technologies Inc.
"Dr. Keeley has been a real asset to Simtek. We thank him for his long-standing service as a member of the board and wish him well as he more fully enjoys his retirement," Simtek Chairman Harold Blomquist said. The new posts for Black and Hillyard "will enable us to capitalize on the breadth of experience on public boards both bring to Simtek."
Keeley said he has been "gradually stepping away from my professional activities and am excited to pursue more personal interests. In the entire 14 years I've been a director of Simtek, the company has never been in better shape."
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