International Rectifier IRF (NYSE) has turned a page in its management problems which came to a head back in October (see earlier blog). Earlier today the company named Oleg Khaykin as its new president and chief executive, effective March 1. Kayhlin succeeds Donald Dancer, who has served as acting CEO since Aug. 30, 2007. Dancer will remain with the company supporting Khaykin in his new role. Khaykin was most recently the chief operating officer of Amkor Technology AMKR (NASDAQ).
We will just have wait and see what Khaykin can do for the firm.