Altera CFO to resign

SAN JOSE, USA: Altera Corp. announced that Timothy R. Morse, senior vice president and chief financial officer, will resign effective June 12 to pursue another opportunity.

A search for a replacement is underway.

James W. Callas, vice-president finance and corporate controller, will serve as acting chief financial officer.

As previously scheduled, Altera will announce its second quarter results on July 14, after the market close.