Hassane El-Khoury Cypress’ next CEO

Hassane El-Khoury has been named Cypress’ president and chief executive officer. In addition, Ray Bingham’s current role as chairman of the board has been expanded to executive chairman, mainly to focus on customers and investment opportunities.

“The goal of our comprehensive internal and external executive search was to identify a CEO who would drive the transformation of Cypress, expand our leadership position in embedded systems and enhance our focus on revenue and earnings growth and long-term shareholder value,” said Bingham. “El-Khoury has demonstrated strong leadership and judgment over the past nine years as a senior executive at Cypress, heading up some of the company’s most innovative and successful businesses.”

“Cypress is at an inflection point,” said El-Khoury. “We’ve architected our company to become more valuable to our embedded-systems customers, significantly expanding our portfolio of high-value solutions in growth markets such as automotive, industrial, consumer electronics and the IoT.”