Friday, April 18, 2008

SiRF Loses CEO, Names Tallwood's Banatao As Interim CEO

San Jose-based SiRF Technology Holdings, Inc. said late Thursday that its President and CEO, Michael Canning, has resigned. No reason for the departure was given. As a result, SiRF said that it has appointed Diosdado P. Banatao, a founder of the firm and current chairman of its board of directors, as Interim President and CEO. Banatao has been Chairman of SiRF since its inception, and was the initial outside investors in SiRF. Banatao is currently a managing partner at Tallwood Venture Capital, and also has previously been at Mayfield Fund, a founder of S3 Incorporated, and co-founder of Chips & Technologies and Mostron.