Ron Black
Ron Black

Sard Verbinnen & Co. represents technology licensing company Rambus Inc., which has fired its CEO Ron Black for conduct that "fell short of the company's standards."

Silicon Valley-based Rambus signed a five-year contract with Black in 2012. The agreement was renewed last year through June 2022.

In its statement, Rambus said Black was canned for an incident "unrelated to the company's financial and business performance."

Rambus lost $38.9M on $46.4M revenues during the first-quarter of the year.

It appointed Luc Seraphin, senior VP & GM-memory & interfaces division, as interim CEO, as a search begins for a new chief.

Rambus chairman Eric Stang said Seraphin would continue to execute the company's growth plan devised under Black's leadership.

SardVerb's Megan Bouchier and Monique Sidhom work the Rambus business.