Craig Barratt, Ph.D., didn’t have any experience as a CEO when he was named to that role at Atheros Communications in March 2003, just 11 months after joining the company as vice president of technology. He also didn’t have any experience with leading a company through an initial public offering and neither did his management team, which was quite a problem when the semiconductor business was preparing for its IPO.
Recognizing that he needed more experience, he hired a chief financial officer within six months to help him. The two led the company successfully through its IPO in February 2004, and the company prospered for two quarters, but in the third quarter of 2004, Atheros missed its numbers and the stock price sank to an all-time low.
Despite this setback, Craig didn’t let it get him down. Instead he pushed through and has led the business through 11 straight quarters of revenue growth. On top of that, the business has grown from 170 employees at the time of the IPO to more than 850 at the end of 2007. The company also has grown from pioneering products to becoming a leading supplier and has expanded its portfolio.
Under Barratt’s leadership, the company has not only grown, but it is widely respected by its peers. In fact, in both 2006 and 2007, it was named the “Most Respected Emerging Public Fabless Company” by Fabless Semiconductor Alliance (now known as Global Semiconductor Alliance).
HOW TO REACH: Atheros Communications, (408) 773-5200 or www.atheros.com