Interim CEO: Jean Hu
It's been a rough spring for QLogic. In early May the developer of network infrastructure technology reported that sales in its fiscal year ended March 31 plunged 13 percent to $485 million.
A couple of weeks later the company announced that president and CEO Simon Biddiscombe had resigned with CFO Jean Hu taking over as interim CEO. And in early June it implemented a restructuring plan that included layoffs, the consolidation of several engineering activities, and what it called an "enhanced product development focus."