Enovix CLO, GC and Secretary Stepping Down

Rhea-AI Summary

Enovix Corporation (Nasdaq: ENVX) announced that Edward J. Hejlek will step down as Chief Legal Officer, General Counsel, and Secretary but will remain as Senior Vice President of Intellectual Property. Hejlek has a robust background in legal affairs, previously serving as general counsel at Tricida, Inc. Enovix continues to lead in 3D Silicon™ Lithium-ion battery technology, with ongoing developments aimed at enhancing energy density for mobile devices and expanding into the electric vehicle and energy storage markets.

Positive

• Hejlek's transition to Senior VP of Intellectual Property ensures continuity in leadership and expertise.
• Enovix maintains its leadership in advanced silicon-anode lithium-ion battery development.

Negative

• None.

FREMONT, Calif., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced that Edward J. Hejlek will be stepping down as Enovix’s Chief Legal Officer, General Counsel and Secretary.

Prior to Enovix, Mr. Hejlek served as executive vice president and general counsel at Tricida, Inc., a publicly traded pharmaceutical company that has developed a polymeric pharmaceutical. Before that, he was a partner at Bryan Cave Leighton Paisner LLP, a large international law firm, and an adjunct professor of law at the Saint Louis University School of Law.  Mr. Hejlek will continue to serve as Enovix’s Senior Vice President of Intellectual Property.

About Enovix

Enovix is the leader in advanced silicon-anode lithium-ion battery development and production. The company's proprietary 3D cell architecture increases energy density and maintains high cycle life. Enovix is building an advanced silicon-anode lithium-ion battery production facility in the U.S. for volume production. The company's initial goal is to provide designers of category-leading mobile devices with a high-energy battery so they can create more innovative and effective portable products. Enovix is also developing its 3D cell technology and production process for the electric vehicle and energy storage markets to help enable widespread utilization of renewable energy. For more information, go to www.enovix.com.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “believe”, “will”, “may”, “estimate”, “continue”, “anticipate”, “intend”, “should”, “plan”, “expect”, “predict”, “could”, “potentially", “target”, “project”, “believe”, “continue” or the negative of these terms or similar expressions. Forward-looking statements in this press release include, but are not limited to, statements regarding Mr. Hejlek’s future service to Enovix. Actual results could differ materially from these forward-looking statements as a result of certain risks and uncertainties, including, without limitation, the risks set forth under the caption “Risk Factors” in the Form 10-Q that we filed with the Securities and Exchange Commission (the “SEC”) on November 4, 2022, and additional information that will be set forth on our Annual Report on Form 10-K for the year ended January 2, 2022 and other documents we have filed, or that we will file, with the SEC. Any forward-looking statements made by us in this press release speak only as of the date on which they are made and subsequent events may cause these expectations to change. We disclaim any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise, except as required by law.

For investor and media inquiries, please contact:

Enovix Corporation
Charles Anderson
Phone: +1 (612) 229-9729
Email: canderson@enovix.com

or

The Blueshirt Group
Gary Dvorchak, CFA
Phone: (323) 240-5796
Email: gary@blueshirtgroup.com

For media inquiries, please contact:

Enovix Corporation
Kristin Atkins
Phone: +1 (650) 815-6934
Email: katkins@enovix.com

FAQ

Who is stepping down from Enovix as Chief Legal Officer?

Edward J. Hejlek is stepping down as Enovix's Chief Legal Officer, General Counsel, and Secretary.

What position will Edward J. Hejlek hold at Enovix after stepping down?

Edward J. Hejlek will remain with Enovix as Senior Vice President of Intellectual Property.

What is Enovix Corporation known for?

Enovix Corporation is known for its leadership in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries.

What markets is Enovix targeting with its battery technology?

Enovix is targeting mobile devices, electric vehicles, and energy storage markets.

When was the press release about Edward J. Hejlek's transition published?

The press release was published on November 14, 2022.