August 16, 2012 -- Tessera Technologies Inc. (Nasdaq:TSRA) appointed C. Richard (Rick) Neely, Jr. as EVP and CFO, responsible for the company’s finance, accounting, financial planning, and investor relations. Neely will report to Robert A. Young, Tessera president and CEO.
The move came when former CFO, Michael Anthofer, resigned his position to pursue other interests and opportunities.
Neely joins Tessera from Livescribe, Inc., a privately held consumer electronics manufacturer and retailer of digital “Smartpens.” He previously was CFO at Monolithic Power Systems Inc., a fabless semiconductor company specializing in analog power management products, as well as NuCORE Technology, maker of digital and analog imaging devices for digital still and video cameras. Other posts included positions with Synopsys and AMD. Neely has served internationally, in Asia and Europe, and holds an MBA from University of Chicago Booth School of Business and a BA in Economics from Whitman College.
He will be tasked with effectively building Tessera’s DigitalOptics business “into a global, vertically integrated supplier of original design camera modules for handsets and other applications,” and with helping to grow Intellectual Property licensing, said Young. Also read: Tessera: Adding Vista Point Technologies, losing Powertech Technology?
Anthofer was a member of the Tessera executive team since 2008, and played an important role in the development of its strategic plan, Young said.
Tessera Technologies, Inc. is a holding company with operating subsidiaries in two segments: Intellectual Property, handling license agreements with semiconductor companies and outsourced semiconductor assembly and test companies and DigitalOptics, covering imaging and optics with products and capabilities that enable expanded functionality in increasingly smaller devices. Visit www.tessera.com.