March 25, 2013 / 11:31 AM / 5 years ago

Tessera says searching for new CEO, overhauling board

March 25 (Reuters) - Technology patent firm Tessera Technologies Inc said it is searching for a new chief executive to replace Robert Young.

Activist hedge fund Starboard Value had called for the sacking of the CEO and an overhaul of the board of Tessera earlier this month.

The company on Monday named three new independent directors and said it intends to nominate six independent directors at its annual shareholder meeting.

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