Everspin Announces promotion of Sanjeev Aggarwal to Chief Technology Officer

Rhea-AI Summary

Everspin Technologies (NASDAQ: MRAM) has appointed Sanjeev Aggarwal as its first Chief Technology Officer (CTO), while he retains his position as Vice President of Technology Research and Development. Aggarwal, a key figure since Everspin's inception in 2008, brings extensive experience in Magnetoresistive RAM (MRAM) technology. His new role aims to enhance the promotion of Everspin's innovative non-volatile memory solutions. Interim CEO Darin Billerbeck expressed confidence in Aggarwal's leadership as the company advances its MRAM roadmap.

Positive

• Sanjeev Aggarwal's appointment as CTO could enhance technological innovation and strategic direction.
• Aggarwal's extensive experience in MRAM may strengthen Everspin's market position.

Negative

• Concerns about continuity in leadership during this transitional phase.

Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced that Sanjeev Aggarwal has been appointed to the newly created role of Chief Technology Officer (CTO). Sanjeev will also continue to serve as Vice President, Technology Research and Development.

Sanjeev has been at the heart of Everspin’s Magnetoresistive RAM technology and market leadership since the inception of Everspin in 2008, and even prior to that with MRAM development at Freescale Semiconductor. He earned a Ph.D. in Materials Science and Engineering from Cornell University.

“I’ve spent my entire career developing non-volatile memories and I believe Everspin’s MRAM is a game changer,” stated Aggarwal “the role of CTO will allow me to take a more active role in promoting the benefits of the most robust non-volatile memory in the industry.”

“As we expand our MRAM roadmap and partnerships, I’m very pleased and confident having Sanjeev assuming this role” said Darin Billerbeck, Interim Everspin CEO, “his leadership and technical knowledge is foundational to our solutions and support of our customers and stakeholders.”

About Everspin Technologies

Everspin Technologies, Inc. is the world’s leading provider of Magnetoresistive RAM (MRAM). Everspin MRAM delivers the industry’s most robust, highest performance non-volatile memory for Industrial IoT, Data Center, and other mission-critical applications where data persistence is paramount. Headquartered in Chandler, Arizona, Everspin provides commercially available MRAM solutions to a large and diverse customer base. For more information, visit www.everspin.com. NASDAQ: MRAM.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210119005118/en/

FAQ

Who is the new CTO of Everspin Technologies?

Sanjeev Aggarwal has been appointed as the Chief Technology Officer of Everspin Technologies.

What role will Sanjeev Aggarwal continue to hold at Everspin?

He will also continue to serve as Vice President of Technology Research and Development.

What is the significance of the appointment of a CTO at Everspin?

The new CTO role aims to promote Everspin's MRAM technology and support its expanded roadmap and partnerships.

When was Sanjeev Aggarwal appointed as CTO?

Sanjeev Aggarwal was appointed to the role of CTO on the date of the press release, which does not specify an exact date.

How long has Sanjeev Aggarwal been involved with Everspin?

Sanjeev Aggarwal has been with Everspin since its inception in 2008.