International Rectifier announced the election, effective March 1, 2008, of Oleg Khaykin as President and Chief Executive Officer, succeeding Donald Dancer, who has served as acting Chief Executive Officer since August 30, 2007. Mr. Dancer will will remain with the Company supporting Mr. Khaykin in his new role. Khaykin, 43, served most recently as the COO of Amkor Technology, a provider of semiconductor assembly and test services. Prior to joining Amkor he was Vice President of Strategy and Business Development at Conexant Systems and its spin-off Mindspeed Technologies. Prior to Conexant, he was with The Boston Consulting Group, a strategy and general management consulting firm.