Exar Corporation Announces Gary Meyers' Appointment as Chairman of the Board of Directors

FREMONT, Calif., Sept. 19, 2016 /PRNewswire/ -- Exar Corporation (NYSE: EXAR) a leading supplier of analog mixed-signal application specific technology solutions serving the Industrial, Infrastructure, Automotive, and Audio/Video markets, today announced that its Board of Directors has appointed Gary Meyers as Chairman, effective immediately.

Mr. Meyers commented, "I am honored to assume the role of Chairman of Exar.  Having been a director for several years, it's clear to me that Exar has been transformed into a formidable mixed signal leader built on a foundation of industry leading products and an outstanding team.  I look forward to partnering with the Board and the management team to drive best practices in director governance, along with continued growth and profitability."

Ryan Benton, Chief Executive Officer, stated, "We are pleased to have Gary as Chairman of the Board.  Gary has been on Exar's board since 2008, and his expertise and experience make him well suited to help lead Exar in our next evolutionary phase of growth."

Mr. Meyers has served as a director of Exar since May 2008.  Mr. Meyers was President and Chief Executive Officer, and member of the Board of Directors of FusionOps, a venture-backed provider of cloud based supply chain analytics solutions from April 2012 through July 2016.  Previously, Mr. Meyers served as Vice President and General Manager of Synopsys, Inc.  Until its acquisition by Synopsys in May 2008, Mr. Meyers served as President and Chief Executive Officer of Synplicity, Inc., a public EDA company, and as a Board of Directors member from January 2005 on.  Mr. Meyers has also held various other positions at Synplicity, including serving as its President and Chief Operating Officer and as its Vice President of Worldwide Sales.  Prior to that, Mr. Meyers held senior sales and marketing roles at LSI Corporation, a semiconductor firm, over a ten-year period.  Mr. Meyers has an MBA from UCLA, and he received his BSEE, Summa Cum Laude, from the University of Maryland.

About Exar
Exar's mission is to leverage our extensive analog and mixed-signal portfolio, experience and IP to deliver leading-edge application specific technology solutions to target markets where operational excellence and reliability are valued.  We service the Industrial, Infrastructure, Automotive, and Audio/Video markets by acting as an extension of the customer's own technology organization and singularly focusing on exceeding customer expectations. For more information, visit http://www.exar.com.

Forward-Looking Statements:
This press release contains forward-looking statements based on current expectations of Exar Corporation.  The words "expect," "will," "should," "would," "anticipate," "project," "outlook," "believe," "intend," and similar phrases as they relate to future events are intended to identify such forward-looking statements.  In particular, the statements regarding Exar's continued growth and profitability and its next phases are forward-looking statements.  You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.  The forward-looking statements are subject to certain risks and uncertainties.  Therefore, actual outcomes and results may differ materially from what is expressed herein.  For a discussion of these risks and uncertainties, the Company urges investors to review in detail the risks and uncertainties and other factors described in its Securities and Exchange Commission (SEC) filings, including, but not limited to, the "Risk Factors", "Forward-Looking Statements" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Exar's public reports filed with the SEC, including its periodic reports on Form 10-K and Form 10-Q, which are on file with the SEC and available on Exar's Investor webpage and on the SEC website at www.sec.gov.  All forward-looking statements are qualified in their entirety by this cautionary statement, and Exar undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof, except as required by law.

SOURCE Exar Corporation

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http://www.exar.com