Analysis

Ramtron CEO Resigns, Ramtron Board of Directors Names Eric A. Balzer to Lead Company as CEO

27th January 2011
ES Admin
U.S. semiconductor maker Ramtron International Corporation today announced that effective January 24, 2011, Ramtron’s Board of Directors has accepted the resignation of Ramtron CEO, Bill Staunton. Eric A. Balzer, Ramtron’s current CFO and a member of the company’s board, has been named CEO. Mr. Balzer will retain the title and responsibilities of CFO until a replacement is named. The Board has initiated a search for a new chief financial officer.
“On behalf of Ramtron’s entire board, I would like to thank Bill for his outstanding contribution to Ramtron since he joined the company in 2001,” said Ramtron Chairman, William Howard. “Bill has been instrumental in commercializing Ramtron’s ferroelectric memory technology and moving Ramtron from its pre-commercial stage to a growing semiconductor product company. Looking toward the future, we are eager to tap Eric’s vast operational and financial experience to lead Ramtron’s next phase of product innovation and growth.”



“I enthusiastically embrace the opportunity to lead Ramtron to its future growth and profitability,” said Eric Balzer, Ramtron’s CEO. “Among my top priorities at Ramtron will be to drive the completion of our foundry transition while I work to optimize Ramtron’s operation for best-in-class product design, development and delivery with superior financial performance.”



Mr. Balzer, 62, became Ramtron’s CFO in 2004 and has been a director of Ramtron since 1998. He also served on Ramtron's audit committee from 1999 to 2004. Prior to his tenure at Ramtron, Mr. Balzer served as senior vice president of operations for Advanced Energy Industries, Inc., which develops, manufactures and markets power conversion devices for the semiconductor equipment industry. Earlier, Mr. Balzer held operations and finance positions at IBM’s Corporate Systems Technology Division, VP of finance and administration for Lewis Energy, as well as accounting manager and internal auditor for Shell Oil. Mr. Balzer holds a bachelors’ degree in Finance from the University of Colorado.

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