Southwall Technologies Announces Resignation of Chief Financial Officer

Palo Alto, Calif.-based Southwall Technologies announced the resignation of its senior vice president and chief financial officer, Michael E. Seifert, effective January 30, 2004. Seifert joined Southwall in December 2002 and is leaving the company to become the chief financial officer of Virage Logic Corp., a leading provider of best-in-class semiconductor intellectual property (IP) platforms.

Thomas G. Hood, president and chief executive officer, said, "Mike has been a valued member of Southwall's executive management team over the past year. We wish him all the best in his future endeavors."

A search for a successor to Seifert as Southwall's chief financial officer is in progress. John Lipscomb, vice president and controller, will serve as acting chief financial officer in the interim.

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