ON Semi chairman J.Daniel McCranie to retire

ON Semiconductor has announced its chairman J. Daniel McCranie to retire from the Board of Directors and not stand for re-election at the annual meeting of the company’s stockholders in 2017. Mr. McCranie who worked as a director from November 2001 and as chairman from August 2002, to continue as chairman of the Board of Directors, chairman of the Executive Committee of the Board of Directors, a member of the Corporate Governance and Nominating Committee and a member of the Science and Technology Committee until the election of directors at the 2017 Annual Meeting. “For the past 15 years as Board chair at ON Semiconductor, I’ve had the great pleasure of working with both an extraordinary management team as well as an exceptionally talented, collegial and hard working group of men and women serving on the ON Semiconductor Board. Through their combined efforts, our company has transitioned from a relatively small and narrow semiconductor supplier to a large, diverse global leader in discrete power management, as well as a broad-based supplier of analog and power semiconductors. Keith Jackson and his team have accomplished this through a series of well executed acquisitions, coupled with a continuous focus on our superior corporate competencies surrounding quality, customer support and, of course, strong cost control. The recent acquisition of Fairchild will drive our revenu...