Rambus Appoints Desmond Lynch as Chief Financial Officer

Rhea-AI Summary

Rambus Inc. has appointed Desmond Lynch as its new senior vice president and chief financial officer, effective immediately. Lynch brings over 20 years of experience in finance and the semiconductor industry, having previously served as vice president of finance at Rambus since 2020. He will oversee the company's financial direction and report directly to CEO Luc Seraphin. Lynch’s appointment aims to strengthen leadership as the company continues to focus on profitable growth strategies.

Positive

• Desmond Lynch brings over 20 years of semiconductor finance experience.
• His previous role at Rambus positions him well for continuity.
• Lynch's leadership is expected to contribute to long-term profitable growth.

Negative

• Potential concerns regarding continuity in financial leadership during transition.

Brings over 20 years of finance and semiconductor experience

SAN JOSE, Calif.--(BUSINESS WIRE)-- Rambus Inc. (NASDAQ: RMBS), a provider of industry-leading chips and silicon IP making data faster and safer, today announced it has appointed Mr. Desmond Lynch to the position of senior vice president and chief financial officer. Mr. Lynch will be responsible for the overall financial direction of the company and will report to president and chief executive officer Luc Seraphin.

“Des is a proven finance executive with extensive experience in the semiconductor industry and we are very pleased to have him on the management team,” said Luc Seraphin, chief executive officer at Rambus. “Des’ deep understanding of Rambus and demonstrated leadership made him an ideal choice, and I look forward to partnering with him as we continue to execute on our strategy and deliver long-term profitable growth.”

Mr. Lynch has been serving as vice president of finance at Rambus since 2020, responsible for financial planning and investor relations. Prior to joining Rambus, Mr. Lynch served as vice president of finance at Renesas Electronics where he was head of U.S. finance. He also held financial leadership roles at Integrated Device Technology, Atmel, Knowles Corporation and National Semiconductor.

Mr. Lynch is a Chartered Accountant with the Institute of Chartered Accountants of Scotland and holds a Bachelor of Arts in accountancy and finance from the University of Glasgow in Scotland.

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About Rambus Inc.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220801005702/en/

Nicole Noutsios

Rambus Investor Relations

(510) 315-1003

rambus@nmnadvisors.com

Source: Rambus Inc.

FAQ

Who is the new CFO of Rambus Inc.?

Desmond Lynch has been appointed as the new senior vice president and chief financial officer.

What experience does Desmond Lynch have at Rambus?

Desmond Lynch has been with Rambus since 2020, serving as vice president of finance.

What will Desmond Lynch's role be at Rambus?

Lynch will be responsible for the overall financial direction of Rambus and report to CEO Luc Seraphin.

What is the stock symbol for Rambus Inc.?

The stock symbol for Rambus Inc. is RMBS.

When was Desmond Lynch appointed as CFO of Rambus?

Desmond Lynch was appointed as CFO effective immediately as of the press release date.