Flash memory specialist Spansion has appointed Dario Sacomani as Executive Vice President and Chief Financial Officer.
Flash memory specialist Spansion has appointed Dario Sacomani as Executive Vice President and Chief Financial Officer (CFO). The appointment of Sacomani, a 23-year veteran of the semiconductor industry and an experienced public company CFO, further enhances Spansion’s leadership team bringing additional expertise and discipline to Spansion as it moves forward as a publicly traded company. ‘Spansion is redefining the Flash memory industry and how customers use and value the technology that powers almost every digital device consumers use - from mobile phones and automobiles to consumer electronics’, said Dr Bertrand Cambou, President and CEO of Spansion.

‘With the addition of Dario Sacomani, we have strengthened our management team with a seasoned executive who will help drive operational efficiency and financial discipline necessary for Spansion to achieve its vision’.

Spansion’s recent transition to an independent public company requires a stringent focus on operational excellence and discipline.

As part of this transition, Spansion is aligning its technology, products, support and business processes with the objective of exceeding customer, partner and shareholder expectations by uniquely delivering added value that enables customers to more quickly and efficiently bring important innovation to their markets.

‘Spansion is a leadership company with a compelling vision and strategy’, said Sacomani.

‘This is an exciting time for the company as Spansion is taking the necessary steps toward long-term financial success’.

‘I am looking forward to playing a key role in helping structure Spansion to achieve its profit and growth objectives’.

Sacomani brings to Spansion a proven track record in developing and executing successful cost savings and capital structure initiatives for public semiconductor companies.

Most recently, Sacomani served as CFO, Senior Vice President and Board Director at Richardson Electronics.

In these roles, he was responsible for developing and overseeing the finance plan to evaluate alternative capital structures, establishing the Sarbanes-Oxley compliance plan and assisting in strategy development and measurement.

Prior to Richardson Electronics, he was Senior Vice President, CFO and Treasurer of ON Semiconductor, which was spun off from Motorola, and where he built the accounting and finance organisations to support a newly public company with responsibilities including entity consolidation, SEC reporting, tax, treasury, internal controls and investor relations.

Sacomani also spent 18 years at Motorola in several finance positions of increasing responsibility within the Semiconductors Products Sector culminating as Vice President and Group Controller of the Semiconductor Components Group.