Rambus Announces James Mitarotonda to Become Board Advisor
Rambus Inc. (NASDAQ: RMBS) announced that James Mitarotonda will step down from the Board of Directors post the 2022 annual meeting but will serve as a consulting advisor for a year. Rambus' chairman acknowledged his valuable contributions, expressing confidence in the company's growth in data center and cloud computing markets. The current standstill agreement with Mitarotonda and Barington Capital Group will be extended through the 2023 annual meeting. Rambus continues to focus on enhancing data throughput and security across its semiconductor products.
- Mitarotonda's consultancy role ensures continuity and valuable insights for Rambus.
- Rambus is poised to capitalize on growing data center and cloud computing demands.
- Transition in Board leadership might introduce uncertainty among investors.
“We are grateful for Jim’s contributions and thank him for his service on the Rambus Board of Directors,” said
“It has been a privilege and a pleasure to work with the Rambus management team and to serve on the Company’s Board,” said
Coincident with the consulting arrangement, the current standstill agreement signed
About
Rambus is a provider of industry-leading chips and silicon IP making data faster and safer. With over 30 years of advanced semiconductor experience, we are a pioneer in high-performance memory subsystems that solve the bottleneck between memory and processing for data-intensive systems. Whether in the cloud, at the edge or in your hand, real-time and immersive applications depend on data throughput and integrity. Rambus products and innovations deliver the increased bandwidth, capacity and security required to meet the world's data needs and drive ever-greater end-user experiences. For more information, visit rambus.com.
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Interim Chief Financial Officer and Chief Accounting Officer
(408) 462-8000
kjones@rambus.com
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