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Transmeta Announces New Executive Structure

Mar 02, 2001, 12:42 (1 Talkback[s])
(Other stories by Michael Hall)

Transmeta's David Ditzel has stepped down from his position as CEO to be replaced by Mark Allen, the company's president and chief operating officer. Allen will retain his position as president, Ditzel will become vice chairman and chief technology officer.

"I am extremely proud of the progress Transmeta has made over the last six years from the start-up stage to a company shipping Crusoe microprocessors to major OEM customers," said Ditzel. "From our first product announcement in January 2000 to one of the most successful IPOs of last year, Transmeta has achieved our original vision. Now, as Transmeta is poised for growth, I intend to increase my focus on our future product strategy and technology development."