Richard J. Simoncic appointed as Microchip Technology’s new COO

Richard J. Simoncic, a longtime employee of Microchip Technology Incorporated, has been appointed as the new Chief Operating Officer, effective April 1, 2024. Simoncic has risen through the ranks at the company since joining in 1990 and most recently served as Executive Vice President. His appointment will ensure continuity and experience in Microchip Technology’s leadership as Senior Vice President Stephen V. Drehobl retires on June 7, 2024. For more information on MCHP stock, visit TipRanks’ Stock Analysis page.

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