Power Integrations Inc. announced that Rafael Torres has been appointed CFO and VP, Finance and Administration, effective July 19, 2006.
Since 2000, Torres has served as chief financial officer of PLX Technology, Inc., a supplier of PCI Express and other standard input/output interconnect silicon for the communications, server, storage, embedded-control and consumer industries. Prior to joining PLX, he served in financial management roles at OnCommand Corp., a provider of on-demand video services, and at Silicon Valley Group, a semiconductor equipment company. He also served as a senior auditor with PriceWaterhouse LLP, and is a Certified Public Accountant.
“We are delighted to have Rafael Torres join our senior management team,” said Balu Balakrishnan, President and CEO of Power Integrations. “Rafael has a strong financial background in semiconductors and other high-tech industries, and has established a track record of executive leadership. His energy and experience will be invaluable to Power Integrations as we execute our growth strategy.”
“I am excited to join Power Integrations as it continues to revolutionize the power supply industry,” said Mr. Torres. “PI is clearly the leading innovator in IC technology for power supplies, backed up by a highly defensible patent portfolio. With a robust product offering, strong management team and excellent financial position, PI has all the pieces in place to capitalize on the growth opportunities ahead of it. I look forward to helping the company deliver on its enormous potential.”