GigaMedia names new CEO

Lee was appointed to replace Arthur Wang as CEO for GigaMedia only nine months ago with the company revealing that he has stepped aside in order ‘to return to his own professional services business’.

GigaMedia described Stringer as ‘a veteran technology executive with 25 years of senior leadership experience and an exceptional track record of driving strong growth and profitability in top global companies’.

He was at Wyse Technology from 1998 to 2006 serving in many key roles including President, CEO and Chairman and was instrumental in its us$ 1.2 billion initial public offering that saw the business reposition itself as a leading computer firm.

“We are thrilled to have John take the helm of GigaMedia,” said Michael Ding, Chairman for GigaMedia. “He has a wealth of experience in revitalising technology firms, developing new strategies and launching new products. He is a dynamic and insightful leader renowned for driving successful turnarounds and growth.”

Before helping to turn around Wyse, Stringer served as Executive Vice-President and General Manager for network security and services firm Network Associates Incorporated, which is now known as McAfee Incorporated, and as Senior Vice-President for Network General Corporation.

Stringer was also recently President for ACG Silicon Valley, a forum designed to build valuable business relationships among senior level technology industry executives involved in mergers, acquisitions, corporate growth and corporate development, and remains Chairman for mobile services platform developer Instant Mobile Solutions Incorporated.

“The new Giga begins today,” said Stringer. “We start with talented employees and strong positions in the online games industry that we can strengthen and build upon. I look forward to creating new opportunities for our customers, partners and employees and am confident the new Giga will deliver new value for our shareholders.