Wolfson founder resigns from board

By PETER RANSCOMBE
Published on 13/09/2012 00:23

DAVID Milne, who founded Wolfson Microelectronics in 1984, yesterday stepped down from the board of the Edinburgh-based chip maker.

Milne, 70, had served as chief executive of the company until 2007 before staying on as a non-executive director.

He took the firm from being a spin out company from Edinburgh University and listed it on the stock market in 2003.

Wolfson chairman Mike Ruettgers paid tribute to Milne’s work at the firm.

He said: “On behalf of the board, I would like to extend our thanks to David for his outstanding contribution to the development and success of Wolfson over the past 28 years.

“During his time, David successfully led the company in building its solid foundation by establishing Wolfson as a recognised industry leader in mixed-signal audio products and by recruiting highly skilled people around the world.”

Wolfson – which makes chips for devices including Samsung’s smartphones – has had two chief executives since Milne stood down, with Mike Hickey replacing Dave Shrigley in early 2009.