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|DSP Group Announces Appointment of CEO, Ofer Elyakim, to Board of Directors|
SAN JOSE, Calif., May 20, 2011 (GlobeNewswire via COMTEX) --
DSP Group, Inc. (Nasdaq:DSPG), a leading global provider of wireless chipset solutions for converged communications at home, announced today the appointment of Ofer Elyakim to the Company's Board of Directors, effective immediately. Mr. Elyakim has served as Chief Executive Officer of DSP Group since July 2009.
Eli Ayalon, DSP Group's Executive Chairman, stated, "It is a pleasure to have Ofer join the Board of Directors as we complete a leadership transition and begin a new chapter in DSP Group's success. Ofer's demonstrated management skills and proven track record working with major business partners to identify and capitalize on growth opportunities is extremely important as we work to realize the tremendous value potential from our next generation of products across markets in the US, Europe and Asia. I know that the Board will benefit greatly from his expertise and insight."
Prior to his appointment as CEO, Mr. Elyakim served as Senior Vice President and SEA President, with responsibility for managing DSP Group's business activities in South-East Asia. During his tenure in this role, Ofer spearheaded DSP Group's entrance into Mainland China by leading a focused effort to expand its customer base with tier 1 OEMs and Operators including Huawei, China Telecom and China Mobile. He joined DSP Group in January 2006 as Director of Investor Relations and Business Development, and served as Vice President of Business Development from 2007-2009.
Previously, Mr. Elyakim worked as a research analyst covering media and broadcasting companies at CIBC World Markets in New York, and held several management positions at Radvision, Tundo Communications and Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global.
Mr. Elyakim received his BA in Computer Science and Accounting from Tel Aviv University and, his MBA with honors from Columbia Business School.
About DSP Group
DSP Group, Inc. (Nasdaq:DSPG) is a leading global provider of wireless chipset solutions for converged communications at home. Delivering system solutions that combine semiconductors and software with reference designs, DSP Group enables consumer electronics (CE) manufacturers to cost-effectively develop new revenue-generating applications with fast time to market. At the forefront of semiconductor innovation and operational excellence for over two decades, and with a growing share of the wireless home telephony market, DSP Group provides a broad portfolio of wireless chipsets integrating DECT, Wi-Fi, PSTN and VoIP technologies with state-of-the-art application processors. Enabling converged voice, audio, video and data connectivity across diverse consumer products -- from cordless and VoIP phones to home gateways and connected multimedia screens -- DSP Group proactively partners with CE manufacturers to shape the future of converged communications at home. For more information, visit www.dspg.com.
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SOURCE: DSP Group, Inc.
CONTACT: Victor Halpert, Investor Relations Tel: 1 917 602 2965 Email: email@example.com