Vitesse Names New CFO

Camarillo-based Vitesse Semiconductor, the high speed networking semiconductor firm, said this morning that it has named Martin S. McDermut as its Chief Financial Officer. McDermut was previously at financial advisory firm Avant Advisory Group, and has also served at Iris International Inc., Superconductor Technologies, and Coopers & Lybrand. The firm said that McDermut replaces Rich Yonker, who had been CFO since 2006. Reason for the CFO switch was not announced by the firm.