Roseville's computer-chip plant, after surviving a crippling financial scandal, said today it has a new name and a new chief executive.
The company formerly known as Telefunken Semiconductors announced it has been renamed TSI Semiconductors LLC.
Its new CEO is Sagar Pushpala, formerly an operating partner at one of Silicon Valley's top venture capital firms, Khosla Ventures.
The company said Pushpala has spent 25 years in the chip industry, with stops at companies such as Advanced Micro Devices and National Semiconductor.
"Sagar has an impressive background, with deep experience and an intellectual curiosity about what businesses need to do to succeed," said TSI chairman Michael Gontar in a prepared statement.
The company was reeling a year ago from a financial crisis: It sued two of its top former executives, Subbarao Pinamaneni and Raj Johal, accusing them of defrauding the business out of $23 million. The scandal resulted in 85 layoffs last fall, or 15 percent of the plant's workforce.
But last November the company said business had rebounded and it was embarking on an expansion. The company has settled the two lawsuits.
Pushpala announced three executive appointments: Roger Lee, chief operating officer; David Bridgeford, chief financial officer; and John Doricko, vice president of sales and marketing.