Mobile processor developer Transmeta said today that chief executive David Ditzel will be stepping down to focus on technology development.
His place will be taken by chief operating officer Mark Allen, who is reported to be well known for his management abilities. Both executives will continue to serve at a board level.
Ditzel, who helped found the company, will now take on the role of chief technology officer and vice chairman, and his main focus will shift to product development.
Allen, who has previously worked at Nvidia and C-Cube Microsystems, will retain the titles of president and chief operating officer, in addition to that of chief executive.
Ditzel said he was "extremely proud of the progress Transmeta has made" since the company's creation in 1995 and the launch of its Crusoe processor last year.
"From our first product announcement in January 2000 to one of the most successful IPOs of last year, Transmeta has achieved our original vision," he said. "Now, I intend to increase my focus on our future product strategy and technology development."
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