Allegro MicroSystems Appoints Dr. Krishna Palepu to its Board of Directors
Allegro MicroSystems (ALGM) has appointed Dr. Krishna Palepu to its Board of Directors as an independent director, effective January 31, 2025. Dr. Palepu, who serves as Ross Graham Walker Professor of Business Administration at Harvard Business School, brings significant expertise in strategy, governance, and emerging markets, particularly in India and China.
Dr. Palepu's academic research focuses on globalization and corporate board effectiveness, complemented by his experience advising technology and semiconductor companies. He is a fellow of the International Academy of Management and has served on multiple public company boards. His educational background includes a master's degree in Electronics from Andhra University, an MBA-equivalent from Indian Institute of Management, Calcutta, and a Ph.D. in Management from MIT Sloan School of Management.
Allegro MicroSystems (ALGM) ha nominato il Dr. Krishna Palepu nel suo Consiglio di Amministrazione come direttore indipendente, con effetto dal 31 gennaio 2025. Il Dr. Palepu, che ricopre il ruolo di Ross Graham Walker Professor di Amministrazione Aziendale presso la Harvard Business School, porta con sé una significativa esperienza in strategia, governance e mercati emergenti, in particolare in India e Cina.
La ricerca accademica del Dr. Palepu si concentra sulla globalizzazione e sull'efficacia dei consigli aziendali, arricchita dalla sua esperienza di consulenza per aziende tecnologiche e del settore dei semiconduttori. È membro della International Academy of Management e ha fatto parte di diversi consigli di amministrazione di società pubbliche. Il suo percorso di studi include un master in Elettronica presso l'Università di Andhra, un titolo equivalente a un MBA presso l'Indian Institute of Management di Calcutta e un dottorato in Management presso la MIT Sloan School of Management.
Allegro MicroSystems (ALGM) ha nombrado al Dr. Krishna Palepu en su Junta Directiva como director independiente, con efecto a partir del 31 de enero de 2025. El Dr. Palepu, que ocupa el cargo de Ross Graham Walker Professor de Administración de Empresas en la Harvard Business School, aporta una experiencia significativa en estrategia, gobernanza y mercados emergentes, particularmente en India y China.
La investigación académica del Dr. Palepu se centra en la globalización y la efectividad de las juntas corporativas, complementada por su experiencia en asesoramiento a empresas de tecnología y semiconductores. Es miembro de la Academia Internacional de Gestión y ha formado parte de varias juntas de empresas públicas. Su formación académica incluye una maestría en Electrónica de la Universidad de Andhra, un título equivalente a un MBA del Indian Institute of Management, Calcutta, y un doctorado en Gestión de la MIT Sloan School of Management.
Allegro MicroSystems (ALGM)는 2025년 1월 31일부로 독립 이사로 Krishna Palepu 박사를 이사회에 임명했습니다. Palepu 박사는 하버드 비즈니스 스쿨의 Ross Graham Walker 경영학 교수로 재직 중이며, 전략, 거버넌스 및 신흥 시장, 특히 인도와 중국에서의 풍부한 전문성을 가지고 있습니다.
Palepu 박사의 학문적 연구는 세계화와 기업 이사회의 효율성에 중점을 두고 있으며, 기술 및 반도체 기업에 대한 자문 경험이 보강됩니다. 그는 국제 관리 학회 회원이며 여러 상장 기업의 이사회를 역임했습니다. 그의 학력에는 안드라 대학교 전자공학 석사, 칼카타 경영대학원 MBA 동등 자격, MIT 슬론 경영대학원에서 경영학 박사가 포함됩니다.
Allegro MicroSystems (ALGM) a nommé le Dr. Krishna Palepu au sein de son Conseil d'Administration en tant que directeur indépendant, à compter du 31 janvier 2025. Le Dr. Palepu, qui occupe le poste de Ross Graham Walker Professor d'Administration des Affaires à la Harvard Business School, apporte une expertise significative en stratégie, gouvernance et marchés émergents, en particulier en Inde et en Chine.
La recherche académique du Dr. Palepu se concentre sur la mondialisation et l'efficacité des conseils d'administration, enrichie par son expérience de conseil auprès d'entreprises technologiques et du secteur des semi-conducteurs. Il est membre de l'International Academy of Management et a siégé à plusieurs conseils d'administration d'entreprises publiques. Son parcours éducatif comprend un master en électronique de l'Université d'Andhra, un diplôme équivalent à un MBA de l'Indian Institute of Management de Calcutta et un doctorat en management de la MIT Sloan School of Management.
Allegro MicroSystems (ALGM) hat Dr. Krishna Palepu mit Wirkung zum 31. Januar 2025 als unabhängigen Direktor in seinen Vorstand berufen. Dr. Palepu, der als Ross Graham Walker Professor für Betriebswirtschaftslehre an der Harvard Business School tätig ist, bringt umfassende Expertise in Strategie, Governance und aufstrebenden Märkten, insbesondere in Indien und China, mit.
Die akademische Forschung von Dr. Palepu konzentriert sich auf die Globalisierung und die Effektivität von Unternehmensvorständen, ergänzt durch seine Erfahrung in der Beratung von Technologie- und Halbleiterunternehmen. Er ist Mitglied der International Academy of Management und hat in mehreren Aufsichtsräten öffentlicher Unternehmen gedient. Sein Bildungshintergrund umfasst einen Master-Abschluss in Elektronik von der Andhra University, ein MBA-Äquivalent vom Indian Institute of Management in Kalkutta und eine Promotion im Management von der MIT Sloan School of Management.
- Addition of board member with extensive semiconductor industry advisory experience
- Strategic expertise in emerging markets, particularly India and China
- Strong academic and research background in corporate governance
- None.
MANCHESTER, N.H., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM) a global leader in power and sensing semiconductor solutions for motion control and energy-efficient systems, today announced the appointment of Krishna Palepu, Ross Graham Walker Professor of Business Administration at Harvard Business School, to Allegro’s Board of Directors (“Board”) as an independent director. Dr. Palepu’s appointment was effective on January 31, 2025.
Dr. Palepu brings extensive expertise in strategy, governance, and emerging markets to the Board, as well as experience advising companies in the technology and semiconductor sectors. His academic research focuses on globalization, particularly in India and China, and corporate board effectiveness. He has served on multiple public company boards and is a fellow of the International Academy of Management.
“I am delighted to welcome Krishna to Allegro’s board of Directors,” said Yoshihiro “Zen” Suzuki, Chairman of the Board. “He brings a unique perspective with his impressive background in academia combined with considerable board and consulting experience in the sectors and markets of focus for the company. Dr. Palepu’s deep understanding of business strategy and global markets positions him perfectly to navigate the complexities of international business. His practical experience complements his research background, bringing valuable insight to the Board as we move towards our next stage of growth.”
“It is an exciting time to join Allegro’s Board, and I am honored to be appointed,” said Dr. Palepu. “I look forward to working closely with Allegro’s directors and management team and drawing upon my expertise in corporate governance, emerging markets, and global strategy to further enable the company to continue its strong progress.”
Dr. Palepu holds a master's degree in Electronics from Andhra University, an MBA-equivalent degree from the Indian Institute of Management, Calcutta, and a Ph.D. in Management from the MIT Sloan School of Management.
About Allegro MicroSystems
Allegro MicroSystems, Inc. is leveraging more than three decades of expertise in magnetic sensing and power ICs to propel automotive, clean energy and industrial automation forward with solutions that enhance efficiency, performance and sustainability. Allegro’s commitment to quality drives transformation across industries, reinforcing our status as a pioneer in “automotive grade” technology and a partner in our customers’ success. For additional information, visit www.allegromicro.com.
Forward-Looking Statements
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Forward-looking statements are based on our management’s current expectations, beliefs and assumptions and on information currently available to us. Such beliefs and assumptions may or may not prove to be correct. Additionally, such forward-looking statements are subject to a number of known and unknown risks, uncertainties and assumptions, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to, those identified in Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the year ended March 29, 2024, filed with the U.S. Securities and Exchange Commission on May 23, 2024, which is available at www.sec.gov. These risks and uncertainties include, but are not limited to: downturns or volatility in general economic conditions; our ability to compete effectively, expand our market share and increase our net sales and profitability; our reliance on a limited number of third-party semiconductor wafer fabrication facilities and suppliers of other materials; any failure to adjust purchase commitments and inventory management based on changing market conditions or customer demand; shifts in our product mix, customer mix or channel mix, which could negatively impact our gross margin; the cyclical nature of the semiconductor industry, including the analog segment in which we compete; any downturn or disruption in the automotive market or industry; our ability to successfully integrate the acquisition of other companies or technologies and products into our business; our ability to compensate for decreases in average selling prices of our products and increases in input costs; our ability to manage any sustained yield problems or other delays at our third-party wafer fabrication facilities or in the final assembly and test of our products; our ability to accurately predict our quarterly net sales and operating results and meet the expectations of investors; our dependence on manufacturing operations in the Philippines; our reliance on distributors to generate sales; events beyond our control impacting us, our key suppliers or manufacturing partners; our ability to develop new product features or new products in a timely and cost-effective manner; our ability to manage growth; any slowdown in the growth of our end markets; the loss of one or more significant customers; our ability to meet customers’ quality requirements; uncertainties related to the design win process and our ability to recover design and development expenses and to generate timely or sufficient net sales or margins; changes in government trade policies, including the imposition of export restrictions and tariffs; our exposures to warranty claims, product liability claims and product recalls; our dependence on international customers and operations; the availability of rebates, tax credits and other financial incentives on end-user demands for certain products; risks, liabilities, costs and obligations related to governmental regulations and other legal obligations, including export/trade control, privacy, data protection, information security, cybersecurity, consumer protection, environmental and occupational health and safety, antitrust, anti-corruption and anti-bribery, product safety, environmental protection, employment matters and tax; the volatility of currency exchange rates; our ability to raise capital to support our growth strategy; our indebtedness may limit our flexibility to operate our business; our ability to effectively manage our growth and to retain key and highly skilled personnel; our ability to protect our proprietary technology and inventions through patents or trade secrets; our ability to commercialize our products without infringing third-party intellectual property rights; disruptions or breaches of our information technology systems or confidential information or those of our third-party service providers; our principal stockholder continues to have influence over us; the negative impact any future issuance or sale of our shares may have on the market price of our common stock; anti-takeover provisions in our organizational documents and under the General Corporation Law of the State of Delaware; any failure to design, implement or maintain effective internal control over financial reporting; changes in tax rates or the adoption of new tax legislation; the negative impacts of sustained inflation on our business; the physical, transition and litigation risks presented by climate change; and other events beyond our control. Moreover, we operate in an evolving environment. New risk factors and uncertainties may emerge from time to time, and it is not possible for management to predict all risk factors and uncertainties.
You should read this press release with the understanding that our actual future results may be materially different from what we expect. We qualify all of our forward-looking statements by these cautionary statements. All forward-looking statements speak only as of the date of this press release, and except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.
Allegro Contact
Jalene Hoover
VP of Investor Relations & Corporate Communications
jhoover@allegromicro.com
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