Applied Digital Welcomes Laura Laltrello as Chief Operating Officer
Applied Digital (Nasdaq: APLD) has appointed Laura Laltrello as its new Chief Operating Officer, effective January 6, 2025. Laltrello brings nearly 20 years of executive leadership experience, with expertise in data center operations and large-scale infrastructure projects. She previously served as Vice President and General Manager of Building Automation Services at Honeywell International.
In her role as COO, Laltrello will work with the leadership team to execute the company's strategic vision and oversee daily operations. The appointment aims to strengthen Applied Digital's position in next-generation data centers and digital cloud solutions for AI applications.
As part of her employment package, Laltrello received an inducement award of 600,000 restricted stock units (RSUs), which will vest over three years. The award was granted outside the company's equity incentive plan and approved by the Board of Directors on December 27, 2024.
Applied Digital (Nasdaq: APLD) ha nominato Laura Laltrello come nuovo Chief Operating Officer, con effetto dal 6 gennaio 2025. Laltrello porta con sé quasi 20 anni di esperienza nella leadership esecutiva, con competenze nelle operazioni dei data center e in progetti di infrastrutture su larga scala. In precedenza ha ricoperto il ruolo di Vice President e General Manager dei Servizi di Automazione Edifici presso Honeywell International.
Nella sua funzione di COO, Laltrello lavorerà con il team di leadership per attuare la visione strategica dell'azienda e supervisionare le operazioni quotidiane. La nomina mira a rafforzare la posizione di Applied Digital nei data center di nuova generazione e nelle soluzioni cloud digitali per applicazioni di intelligenza artificiale.
Come parte del suo pacchetto di assunzione, Laltrello ha ricevuto un premio di indennità costituito da 600.000 unità di azioni vincolate (RSU), che si acquisiranno nel corso di tre anni. Il premio è stato concesso al di fuori del piano di incentivazione azionaria dell'azienda ed è stato approvato dal Consiglio di Amministrazione il 27 dicembre 2024.
Applied Digital (Nasdaq: APLD) ha nombrado a Laura Laltrello como su nueva Directora de Operaciones, efectiva desde el 6 de enero de 2025. Laltrello aporta casi 20 años de experiencia en liderazgo ejecutivo, con especialización en operaciones de centros de datos y proyectos de infraestructura a gran escala. Anteriormente, se desempeñó como Vicepresidenta y Gerente General de Servicios de Automatización de Edificios en Honeywell International.
En su papel como COO, Laltrello trabajará con el equipo de liderazgo para ejecutar la visión estratégica de la empresa y supervisar las operaciones diarias. La designación tiene como objetivo fortalecer la posición de Applied Digital en los centros de datos de próxima generación y en las soluciones de nube digital para aplicaciones de inteligencia artificial.
Como parte de su paquete de empleo, Laltrello recibió un premio de inducción de 600,000 unidades de acciones restringidas (RSU), que se otorgarán durante tres años. El premio se concedió fuera del plan de incentivos de acciones de la empresa y fue aprobado por la Junta de Directores el 27 de diciembre de 2024.
Applied Digital (Nasdaq: APLD)는 2025년 1월 6일자로 Laura Laltrello를 새로운 최고운영책임자로 임명했습니다. Laltrello는 데이터 센터 운영 및 대규모 인프라 프로젝트에 대한 전문 지식을 가진 임원 리더십 경험이 거의 20년 있습니다. 그녀는 이전에 Honeywell International의 빌딩 자동화 서비스 부사장 및 총괄 매니저로 재직했습니다.
COO로서 Laltrello는 리더십 팀과 함께 회사의 전략적 비전을 실행하고 일상 운영을 감독할 것입니다. 이 임명은 차세대 데이터 센터 및 AI 애플리케이션을 위한 디지털 클라우드 솔루션에서 Applied Digital의 위치를 강화하는 것을 목표로 하고 있습니다.
채용 조건의 일환으로 Laltrello는 60만 제한 주식 단위(RSU) 보상금을 받았으며, 이는 3년에 걸쳐 귀속됩니다. 이 보상은 회사의 주식 인센티브 계획 외부에서 부여되었으며, 2024년 12월 27일 이사회의 승인을 받았습니다.
Applied Digital (Nasdaq: APLD) a nommé Laura Laltrello comme nouvelle Directrice des opérations, à compter du 6 janvier 2025. Laltrello apporte près de 20 ans d'expérience en leadership exécutif, avec une expertise dans les opérations des centres de données et les projets d'infrastructure à grande échelle. Auparavant, elle a été vice-présidente et directrice générale des services d'automatisation des bâtiments chez Honeywell International.
Dans son rôle de COO, Laltrello travaillera avec l'équipe de direction pour exécuter la vision stratégique de l'entreprise et superviser les opérations quotidiennes. Cette nomination vise à renforcer la position d'Applied Digital dans les centres de données de nouvelle génération et les solutions cloud numériques pour les applications d'IA.
Dans le cadre de son contrat d'embauche, Laltrello a reçu une prime d'induction de 600 000 unités d'actions restreintes (RSU), qui seront acquises sur une période de trois ans. La prime a été accordée en dehors du plan d'incitation aux actions de l'entreprise et a été approuvée par le conseil d'administration le 27 décembre 2024.
Applied Digital (Nasdaq: APLD) hat Laura Laltrello zur neuen Chief Operating Officer ernannt, mit Wirkung zum 6. Januar 2025. Laltrello bringt fast 20 Jahre Erfahrung in der Führungsebene mit, mit Fachkenntnissen in Datenzentrumsbetrieb und Großinfrastrukturprojekten. Zuvor war sie Vizepräsidentin und Geschäftsführerin der Gebäudeautomationsdienste bei Honeywell International.
In ihrer Funktion als COO wird Laltrello mit dem Führungsteam zusammenarbeiten, um die strategische Vision des Unternehmens umzusetzen und die täglichen Abläufe zu überwachen. Die Ernennung zielt darauf ab, die Position von Applied Digital im Bereich der nächsten Generation von Datenzentren und digitalen Cloud-Lösungen für KI-Anwendungen zu stärken.
Im Rahmen ihres Anstellungspakets erhielt Laltrello eine Induktionsauszeichnung von 600.000 eingeschränkten Aktieneinheiten (RSUs), die über einen Zeitraum von drei Jahren zuteil werden. Die Auszeichnung wurde außerhalb des Aktienanreizplans des Unternehmens gewährt und wurde am 27. Dezember 2024 vom Vorstand genehmigt.
- Strategic hire with extensive experience in data center operations and infrastructure
- Strengthens executive team with expertise relevant to AI infrastructure development
- Structured compensation package aligned with long-term retention (3-year RSU vesting)
- Significant equity compensation (600,000 RSUs) represents potential dilution for existing shareholders
Strategic Executive Appointment Further Strengthens Applied Digital’s Leadership Position at the Epicenter of AI Innovation
DALLAS, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or the “Company”), a designer, builder and operator of next-generation digital infrastructure for HPC applications, today welcomes Laura Laltrello as the Company’s new Chief Operating Officer (COO). The onboarding of Ms. Laltrello is intended to enhance the Company’s position as a leader in next-generation data centers and digital cloud solutions at the forefront of the AI revolution.
As COO, Ms. Laltrello will work closely with the Applied Digital leadership team to drive the execution of the Company's strategic vision and oversee all aspects of day-to-day operations. She brings to her new role nearly 20 years of executive leadership experience, an ability to execute complex strategies, and deep expertise in data center operations, building technologies, and large-scale infrastructure projects.
“We are pleased to welcome Laura as we expand our Applied Digital leadership team with a focus on dedicated skills and expertise to complement our existing strengths and drive innovation across all areas of our business,” said Wes Cummins, Chairman and CEO of Applied Digital. “We firmly believe Laura will be instrumental in translating our vision into actionable plans and ensuring the alignment of operational efforts with long-term objectives, helping to accelerate our growth as an AI Factory pioneer.”
Most recently, Ms. Laltrello held the position of Vice President and General Manager of Building Automation Services with Honeywell International Inc., a Fortune 500 company that invents and manufactures technologies to address tough challenges linked to global macrotrends such as safety, security, and energy. Her career spans a range of senior leadership positions where she has led teams to deliver transformative projects and services for global technology leaders, demonstrating an exceptional track record in operations, strategic execution, and profit management. Ms. Laltrello holds a Bachelor of Applied Science degree in Applied Mathematics: Operations Research and Economics from Clemson University and completed the Executive Leadership Program at the International Institute for Management Development.
“I am excited to join Applied Digital and collaborate with the team to realize the Company’s vision to revolutionize accelerated computing,” said Ms. Laltrello. “I look forward to leveraging my experience to help Applied Digital scale operations, optimize performance, and deliver sustained growth for the future.”
In connection with the appointment of Ms. Laltrello as COO effective January 6, 2025, the Company granted Ms. Laltrello an employment inducement award consisting of 600,000 time-based restricted stock units ("RSUs"), with an effective grant date of January 6, 2025. The RSUs will vest over a three-year period, subject to Ms. Laltrello's continuous employment on each applicable vesting date.
The inducement award to Ms. Laltrello was granted as a material inducement to her acceptance of the offer of employment by the Company and was approved by the Company’s Board of Directors on December 27, 2024. The award was granted outside of the Company’s equity incentive plan, in accordance with Rule 5635(c)(4) of The Nasdaq Stock Market LLC.
About Applied Digital
Applied Digital (Nasdaq: APLD) develops, builds and operates next-generation data centers and cloud infrastructure. Different by design, the company’s purpose-built facilities are engineered to unleash the power of accelerated compute and deliver secure, scalable and sustainable digital hosting, along with turnkey CSaaS and GPU-as-a-Service solutions. Backed by deep hyperscale expertise and a robust pipeline of available power, Applied Digital accommodates AI Factories and beyond to support the world’s most exacting AI/ML, blockchain and high-performance computing (HPC) workloads. To learn more, visit www.applieddigital.com.
Forward-Looking Statements
This release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, future operating and financial performance, product development, market position, business strategy and objectives. These statements use words, and variations of words, such as "continue," "build," "future," "increase," "drive," "believe," "look," "ahead," "confident," "deliver," "outlook," "expect," and "predict." Other examples of forward-looking statements may include, but are not limited to, (i) statements of Company plans and objectives, including our evolving business model, or estimates or predictions of actions by suppliers, (ii) statements of future economic performance, and (iii) statements of assumptions underlying other statements and statements about the Company or its business. You are cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events and thus are inherently subject to uncertainty. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the Company's expectations and projections. These risks, uncertainties, and other factors include: our ability to complete construction of the Ellendale HPC data center; availability of financing to continue to grow our business; our ability to timely and successfully build new hosting facilities with the appropriate contractual margins and efficiencies; power or other supply disruptions and equipment failures; the inability to comply with developments and changes in regulation; cash flow and access to capital; decline in demand for our products and services; and maintenance of third party relationships. Information in this release is as of the dates and time periods indicated herein, and the Company does not undertake to update any of the information contained in these materials, except as required by law.
FAQ
What is Laura Laltrello's role at Applied Digital (APLD)?
What is the value of the RSU package granted to APLD's new COO?
What is Laura Laltrello's previous work experience before joining APLD?
When was Laura Laltrello's appointment as APLD's COO approved?
