SAN JOSE, Calif.—(BUSINESS WIRE)—October 16, 2006— Altera Corporation (NASDAQ: ALTR) today announced that Nathan Sarkisian, Senior Vice President and Chief Financial Officer, has retired effective October 16, 2006. The company had announced on March 6, 2006 Mr. Sarkisian's intention to retire by the end of 2006.
James W. Callas will assume the roles of Principal Financial and
Accounting Officer and acting Chief Financial Officer. Mr. Callas is
currently Altera's Vice President, Finance and Corporate Controller.
He has been employed by the company for nearly 19 years and has served
in a variety of finance roles during his career. As announced
separately, Altera anticipates filing several required periodic
reports with the Securities and Exchange Commission in the coming
weeks. Mr. Callas will be a certifying officer for those filings.
A search for Mr. Sarkisian's permanent replacement is ongoing.
Altera's programmable solutions enable system and semiconductor
companies to rapidly and cost-effectively innovate, differentiate and
win in their markets. Find out more at www.altera.com.
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