BusinessWire
October 16, 2003 03:53 PM US Pacific Timezone

Lattice Semiconductor Announces Executive Changes

HILLSBORO, Ore.--(BUSINESS WIRE)--Oct. 16, 2003--Lattice Semiconductor Corporation (Nasdaq:LSCC) today announced that after more than thirteen years of service, Steven A. Laub, President, has resigned for personal reasons. Mr. Laub will continue with the Company until the end of November, to ensure a smooth transition.
"During his tenure, Steve has worked tirelessly and made invaluable contributions to help Lattice become one of the leaders in the programmable logic industry", commented Cyrus Tsui, Chief Executive Officer. "I want to thank Steve for his tremendous commitment to our customers, employees and shareholders. We wish him all the best in his future endeavors."

"I am proud of all that we have accomplished," stated Laub. "Lattice has grown into a premier semiconductor company with superb products and an outstanding team. This has been a difficult decision, but I leave confident in the knowledge that the Company is well-positioned for continued success."

Stephen A. Skaggs has been appointed President and will replace Mr. Laub. Mr. Skaggs joined Lattice in 1992 and since 1996 has served as Senior Vice President and Chief Financial Officer. "Steve Skaggs has contributed greatly to our success over the last decade in a variety of ways that extend beyond the traditional role of a Chief Financial Officer," continued Mr. Tsui. "He understands our market, our products, our operations and our people. The Board of Directors and I are confident he will be successful in this new role."

Jan Johannessen, formerly Vice President, Investments, has been appointed Chief Financial Officer and will replace Mr. Skaggs. Mr. Johannessen originally joined Lattice in 1983, serving as Chief Financial Officer from 1987 until his departure in 1993. After working as a venture capitalist, he rejoined Lattice in 2001.

Website: http://www.latticesemi.com