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