SAN JOSE, Calif., April 23, 1998—Xilinx, Inc., (NASDAQ:XLNX), today announced that Gordon M. Steel, senior vice president and chief financial officer, plans to retire. Steel will remain with Xilinx during the search for his successor and the transition, and he will serve as a consultant to the company after the transition.

Steel joined Xilinx in 1987 and played a major role in the company’s initial public offering in 1990. During his tenure, Xilinx grew quickly from a small start-up to a multimillion dollar international company with offices throughout North American, Asia and Europe. Xilinx frequently has been recognized for its excellence in financial management while Steel has been with the company.

"Xilinx, its employees and its shareholders have profited greatly from the many significant contributions Gordon has made to the company during last 11 years," said Xilinx president and CEO Wim Roelandts. "We will continue to rely on his sound financial knowledge as the company conducts a search for his successor and afterward."

Xilinx is the leading innovator of complete programmable logic solutions, including advanced integrated circuits, software design tools, predefined system functions delivered as cores, and unparalleled field engineering support. Founded in 1984 and headquartered in San Jose, Calif., Xilinx invented the field programmable gate array (FPGA) and commands more than half of the world market for these devices today. Xilinx solutions enable customers to reduce significantly the time required to develop products for the computer, peripheral, telecommunications, networking, industrial control, instrumentation, high-reliability/military, and consumer markets. For more information, visit the Xilinx web site at www.xilinx.com.
 

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