Vishay founder Felix Zandman dies
The Holocaust survivor founded the Malvern maker of semiconductors and electronic components in 1962.
Felix Zandman, founder of Malvern's Vishay Intertechnology Inc. has died.
A statement released by the company did not list the cause of death for Mr. Zandman, who'd been executive chairman of the maker of semiconductors and electronic components, He was 83.
A survivor of the Holocaust, Mr. Zandman earned degrees in mechanical engineering and physics in Europe before emigrating to the United States and working for a Philadelphia company. He started Vishay in 1962 and would take it from start-up to global competitor to market leader in several component categories.
In 2010, Vishay reported net revenues of $2.73 billion.
The company said that his son, Marc, has been elected vice chairman as well as its chief business development officer. Gerald Paul remains president and chief executive officer of Vishay.
Shares of Vishay, which has a market value of $2.5 billion, were down 7 cents to $14.97 in trading Monday morning.