Stephen Douglass, the Chief Technology Officer (CTO) of Lattice (OTC:LTTC) Semiconductor (NASDAQ:LSCC), has announced his intention to retire from the company on June 3, 2024. The announcement was made public through a filing with the Securities and Exchange Commission on February 28, 2024.
Mr. Douglass has committed to continue his duties in an advisory role until his retirement date to ensure a smooth transition of his responsibilities. The company has not yet named a successor for the CTO position.
Lattice Semiconductor, known for its programmable logic devices and related software, will be focusing on maintaining its technological leadership during this period of transition. The departure of a key executive is a significant event for any technology firm, and Lattice Semiconductor is expected to manage the change without disrupting its operations or strategic initiatives.
The information about Mr. Douglass's retirement is based on a press release statement from Lattice Semiconductor. The company has not provided further details regarding the search for a new CTO or any changes to its technology strategy that might result from this transition.
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