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Analog Devices Hires Ex-Acacia Legal Head as Sector Consolidates

Sept. 14, 2021, 7:51 PM

Analog Devices Inc. announced Tuesday its hire of Janene Asgeirsson as a senior vice president, chief legal officer, and corporate secretary.

Asgeirsson comes to Analog after the Norwood, Mass.-based company closed last month on a $21 billion acquisition it announced last year of Maxim Integrated Products Inc., a competitor in the consolidating semiconductor sector.

“I’m excited to join the ADI team at such a pivotal time for the company,” Asgeirsson said in a statement, adding that she’s eager “to advance ADI’s vision of solving the world’s toughest engineering challenges.”

The addition of Asgeirsson comes as a global shortage of microchips has caused kinks in the technology industry’s supply chain, affecting everything from cars to mobile phones. ADI’s CEO Vincent Roche, in an interview earlier this year with Bloomberg News, said automakers were responsible for such supply shortages and that companies like ADI stood to benefit from increased production.

Asgeirsson most recently served as chief legal and compliance officer and corporate secretary at Acacia Communications Inc., a Maynard, Mass.-based optical components maker that agreed in mid-2019 to sell itself for $2.6 billion to Cisco Systems Inc.

Cisco, which recently hired its own new legal chief, closed on that acquisition this past March after raising its purchase price to $4.5 billion.

Acacia hired Asgeirsson as general counsel in 2015 after she spent more than three years as counsel at Wilmer Cutler Pickering Hale and Dorr in Boston and nearly two years as a senior corporate counsel for Entropic Communications Inc., a San Diego-based semiconductor company sold in 2015.

WilmerHale represented Acacia on its sale to Cisco, which was advised by Fenwick & West. During her half-dozen years in-house at Acacia, Asgeirsson helped take the company public in 2016. Acacia didn’t list Asgeirsson as one of its five highest-paid executives during its most recent fiscal year.

Asgeirsson began her legal career in 2001 as an associate at Foley Hoag in Boston. She spent five years at the law firm before moving to Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, a firm known for its technology and startup clients, and where she was a senior associate for four years.

In early 2019, ADI hired Larry Weiss to be its general counsel, a role that reported to the company’s chief legal and people officer Margaret Seif. ADI spokeswoman Brittany Stone confirmed to Bloomberg Law that Asgeirsson was hired to succeed Seif, who remains chief people officer.

Seif has worked in a variety of roles at ADI since joining the company in 2006, while Weiss left last year and in January joined Emulate Inc. as the Boston-based biotechnology startup’s top lawyer. Emulate closed an $82 million Series E fundraising round earlier this month.

To contact the reporter on this story: Brian Baxter in New York at bbaxter@bloomberglaw.com

To contact the editor responsible for this story: Chris Opfer at copfer@bloomberglaw.com;
John Hughes at jhughes@bloombergindustry.com

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