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Xilinx CFO to step down

Xilinx Inc. CFO Lorenzo Flores will leave the company to pursue another executive opportunity, the semiconductor firm announced.

Flores will step down after Xilinx reports fiscal second quarter earnings Oct. 23.

Xilinx said President and CEO Victor Peng will oversee finance operations while the company conducts its formal search for a new CFO.

The company also appointed Sumeet Gagneja as chief accounting officer and Matt Poirier as treasurer.