Exar announced that Pete Rodriguez has resigned as Chief Executive Officer and President of the Company and as a member of the Board of Directors. "I am proud of the successes that have been achieved during my tenure as President and CEO but I have decided, for personal reasons, to resign," said Rodriguez.

Richard Leza, Chairman of Exar's Board of Directors, will assume, on an interim basis, the duties of Chief Executive Officer and President, effective immediately. The Board of Directors will immediately commence a search for a permanent replacement for the Chief Executive Officer and President. Mr. Leza will continue to serve as a member of the Board of Directors and on the Compensation and Corporate Governance and Nominating Committees of the Board.