• United States
Senior U.S. Correspondent

Broadcom co-founder, chief resigns

Jan 24, 20031 min

A founder of networking chip vendor Broadcom, Henry Nicholas, has resigned as president and CEO, the company announced Thursday.

Nicholas co-founded the Irvine, Calif., company with Henry Samueli, chief technical officer and vice president of research and development, in 1991. He is taking time off to deal with “serious family matters,” according to a quote attributed to him in a company statement.

The resignation was effective immediately, according to Bill Blanning, senior director of corporate communications. Nicholas has said publicly that he wants to devote more time to his family in light of a recent separation and pending divorce, Blanning said.

Alan Ross, a Broadcom board member who has been serving as chief operating officer since November, is taking over as president and CEO while the company searches for a permanent president and CEO, according to the statement. Samueli will continue in his current roles.

Nicholas will serve out his current term as co-chairman of Broadcom’s board, which ends in May, and will continue to provide technical and industry expertise as needed, the statement said.