Pixelworks, Inc. announced that effective immediately Bruce Walicek has resigned as President and Chief Executive Officer and as a Director from the board for personal reasons. Mr. Walicek will remain as a consultant to the company for a period of up to six months. Pixelworks' board of directors has commenced efforts to promptly identify and select a candidate to succeed Mr. Walicek as CEO.

Until such time that a permanent CEO is appointed, Stephen Domenik will assume these duties and serve as interim CEO. Mr. Domenik has served as a Director on Pixelworks' board since August 2010 and previously acted as a strategic consultant to the company in 2013. The company also welcomed Todd DeBonis, who recently joined Pixelworks and will assume the role of Chief Operating Officer.

Todd came to Pixelworks following a successful tenure as Vice President of Global Sales and Strategic Development at TriQuint Semiconductor. Todd is a seasoned executive with a wealth of experience spanning strategy, sales and operations across a global organization. Since 1995, Stephen Domenik has been a General Partner with Sevin Rosen Funds.

Domenik currently serves as a director of MoSys, Inc. and EMCORE Corporation.