December 14, 2012 – Intersil, a global leader in the design and manufacture of high-performance analog and mixed-signal semiconductors, announced today the resignation of Dave Bell, President and Chief Executive Officer, and the appointment of James Diller, a member of the Board of Directors, as Interim President and Chief Executive Officer.

James Diller will work closely with Intersil's management and Board of Directors to oversee current operations and strategic initiatives. Additionally, Intersil announced that Gary Gist, former Chairman, is stepping down from his position as Board Chairman, and Donald Macleod has been appointed as the new Board Chairman.

The Board has formed a committee and, under the direction of Donald Macleod, is conducting a search for candidates to serve as the Company's next permanent President and Chief Executive Officer.

Donald Macleod stated, "On behalf of the Board of Directors, I want to express our gratitude to Dave Bell for his significant contributions to Intersil. He has successfully led the Company through a challenging economic environment. He has also leveraged Intersil's analog strengths to maintain our market leadership position while expanding into key growth markets in industrial and infrastructure, consumer, and personal computing. As we move forward, Intersil will need to strengthen our growth leadership and adapt to a changing market environment."

James Diller has served as a member of the Company's Board of Directors since May 2002. He previously served as CEO of Elantec Semiconductor, which he founded, and PMC-Sierra, and brings valuable expertise in the semiconductor industry. He has also served on the boards of four public companies and currently serves as Chairman of the Board of Avago Technologies Limited. He holds a Bachelor of Science degree in Physics from the University of Rhode Island.

Donald Macleod has been a member of Intersil's Board of Directors since September 2012 and brings more than 30 years of industry experience in the United States and Europe, along with proven business and financial acumen. Notably, Macleod served as Chairman and CEO of National Semiconductor Corporation from 2009 until its acquisition by Texas Instruments in September 2011. Previously, he served in executive roles at National Semiconductor as COO and CFO. He currently serves as a member of the Board of Directors of Avago Technologies. He holds a Bachelor of Science degree in Economics and an honorary doctorate from the University of Stirling in Scotland and is a member of the Institute of Chartered Accountants of Scotland.