Mindspeed Loses Board Member To Obama

Newport Beach-based Mindspeed, a manufacturer of networking semiconductors, said Friday afternoon that Donald H. Gips has resigned from the company's board of directors. Gips leaves following his appointment by President-elect Obama to the position of White House Director of Presidential Personnel. Gips has been on Mindspeed's board since 2004, and was most recently Vice President of Global Corporate Development for Level 3.