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Broadcom Corp. has named Scott McGregor as the silicon giant's president and CEO.

McGregor, 48, will assume the post on Jan. 3, 2005, succeeding current President and CEO Alan "Lanny" Ross, who will then retire. Ross was named to that post on an interim basis in January 2003, when Broadcom CEO and co-founder Dr. Henry Nicholas III stepped down. Ross will remain on the Broadcom board.

McGregor has served as President and CEO of the Philips Semiconductors division at Royal Philips Electronics since September 2001.

In his leadership role at Philips, he has unique experience in successfully managing a multi-billion dollar global semiconductor enterprise focused on communications applications for products in the home, in businesses, and in mobile settings. And his "extensive background in software and in entrepreneurial companies will be a great asset for Broadcom at this stage of its development," Ross said, in a statement.

Prior to Philips, McGregor held exec slots at the Xerox Palo Alto Research Center, Microsoft Corp. and Digital Equipment corp. (now part of HP).

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