IKOS Systems Promotes Robert Hum to Chief Operating Officer
CUPERTINO, Calif.----May 3, 2000-- IKOS Systems, Inc. , a leading provider of design verification solutions, today announced the appointment of Robert Hum, 48, to Chief Operating Officer (COO). For the past two years, Mr. Hum has been serving as the Company's senior vice president of product operations, where his responsibilities have included the definition, development and marketing of IKOS products. In addition to these responsibilities, as COO, Mr. Hum will assume responsibility for overseeing both the manufacturing and IT divisions.
``Since joining IKOS in 1997, Robert has made tremendous contributions towards the ongoing success of our Company,'' commented Ramon Nunez, President and Chief Executive Officer. ``I am confident that Robert will be instrumental in leading IKOS to the next important stage of our corporate development and helping the Company maintain its current momentum and positive market position.''
Prior to assuming his present position, Hum served as senior vice president of product operations for IKOS. He joined the company in 1997 as vice president of engineering. Before joining IKOS, Hum held several senior business and technical business management positions at Cadence Design Systems. Previously, he held a variety of technical and business management positions at Bell-Northern Research. Hum received his M.ENG degree from McGill University in Montreal, Quebec, Canada.
Hum stated, ``I am excited to be part of IKOS' solid management team as we position the Company for the next generation of its continuing growth and evolution. From both a product and business perspective, I believe that IKOS is well on the path to becoming the industry's premier provider of full functional verification systems.''
In addition to Hum's appointment, other executive promotions include the promotion of Charles Cooper to vice president of manufacturing (replacing Steve McLaughlin who has relinquished responsibility for manufacturing and plans to retire at the end of 2000) and Rich Faris to vice president of information technology, a new position, which addresses the importance of technology for long-term success of the Company. Both positions will report to Hum.
IKOS Systems, Inc. is a technology leader in high-performance design verification solutions including hardware and software simulation for language-based design, logic emulation for system integration and compatibility verification, and verification services. The company's mission is to help customers realize their high-complexity electronic systems through innovative design verification solutions. IKOS has direct sales operations in North America, UK, France, Germany, Japan, and India, and a distribution network throughout Asia-Pacific and Israel. The corporate headquarters is at 19050 Pruneridge Ave., Cupertino, Calif., 95014, 408/255-4567. For more information, visit http://www.ikos.com.
Forward looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act in 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, without limitation, continued acceptance and development of the Company's existing and new products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Note to Editors: IKOS, NSIM, Voyager and VirtuaLogic are trademarks of IKOS Systems. All other brand or product names may be trademarks or registered trademarks of their respective companies and should be treated as such.
IKOS Systems Inc.
Basha Gelman, 408/366-8509 (Company) email@example.com
Kella Knack, 650/508-0371 (PR) Kjcomk@cs.com
Jonathan Schaffer/Jill Fatzinger, 415/296-7383 (IR)