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SiTime Adds Industry Veterans to Executive Team

New Leadership in Sales, Engineering and Operations to Capitalize on Growth Opportunities

SUNNYVALE, CA -- (Marketwire) -- 03/19/13 -- SiTime Corporation, the fastest growing semiconductor company, today announced the addition of three industry veterans to its executive team. Mark Lunsford joins SiTime as executive vice president of sales and is responsible for driving SiTime's revenue growth and customer adoption. Vinod Menon joins SiTime as executive vice president of engineering and is responsible for delivering unique, leadership timing solutions that use SiTime's revolutionary MEMS and analog technology. Pavan Gupta, a SiTime veteran, was recently promoted to vice president of operations, and is now responsible for leading SiTime's high volume manufacturing and quality organizations. All three new executives will report to Rajesh Vashist, SiTime's CEO.

"SiTime's game-changing MEMS and analog technology has revolutionized the timing industry. Our solutions offer significant value to customers -- the best features, highest performance and most reliability at the lowest cost. With these benefits, our industry has passed the tipping point and electronics companies are rapidly replacing legacy quartz products with our innovative MEMS timing solutions," said Rajesh Vashist, CEO of SiTime. "It's my great pleasure to welcome Mark, Vinod and Pavan to the SiTime team. Their energy and experience, coupled with the entire team's passion, leadership and insight, will drive SiTime to massive success."

Mark Lunsford, executive vice president of sales, brings more than 25 years of experience in leading successful worldwide sales teams. Prior to SiTime, Mark served as vice president of sales and marketing for the Americas at NXP. Previously, Mark served as vice president of worldwide sales and marketing at Micrel and Pivotal Technologies, and held executive sales and marketing positions at Broadcom and AMD.

Vinod Menon, executive vice president of engineering, brings more than 30 years of experience in leading successful IC development organizations. Prior to SiTime, Vinod served as VP, Serial Interface and Protocol Solutions at LSI Corp. His previous experience included executive and management positions at National Semiconductor and Advanced Micro Devices.

Pavan Gupta, vice president of operations, has over 16 years of experience and previously served in various management and leadership roles at SiTime since 2005. Prior to SiTime, Pavan managed MEMS process and manufacturing engineering teams at FormFactor. He previously served as the director of optics and package engineering at C Speed Corporation and started his career at IBM.

SiTime Management Team Biographies: http://www.sitime.com/company/management-team
SiTime Management Team Photos: http://www.sitime.com/news/photo-gallery

About SiTime
SiTime Corporation, the fastest growing semiconductor company, is revolutionizing the $5B timing market with silicon MEMS timing solutions that replace legacy quartz products. With 80% market share and over 150 million devices shipped, SiTime is driving the electronics industry to use 100% silicon-based timing.

SiTime's configurable solutions enable customers to differentiate their products with higher performance, reduced size and better reliability. The rich feature set and flexibility of our solutions allows customers to consolidate their supply-chain, reducing cost of ownership and time to market. By using standard semiconductor processes and high volume plastic packaging, SiTime offers the best availability and shortest lead times in the industry.

Top-tier manufacturers are experiencing these benefits and recognize SiTime as The Smart Timing Choice™.

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Contact:
Piyush Sevalia
Executive Vice President, Marketing
SiTime Corporation
408.331.9138
psevalia@sitime.com

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