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SGH Appoints Penny Herscher Chair of the Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
SMART Global Holdings (SGH) has elected Penny Herscher as chair of its board of directors, a position she will undertake following her appointment to the board last year. Herscher brings over 15 years of experience in executive roles within the tech industry, including her current position as chair of Lumentum Holdings. CEO Mark Adams expressed confidence in Herscher's leadership, highlighting her track record of assisting companies in scaling. This transition reflects SGH's ongoing transformation and commitment to growth.
Positive
Penny Herscher's election as chair may bring fresh perspectives and strengthened leadership.
Herscher's extensive experience in high-tech roles is expected to benefit SGH's strategic direction.
Negative
Concerns may arise regarding continuity and experience gaps, given the recent leadership change.
MILPITAS, Calif.--(BUSINESS WIRE)--
SMART Global Holdings, Inc. (“SGH”) (Nasdaq: SGH) today announced that Penny Herscher, a current member of its board of directors, has been unanimously elected chair of its board of directors.
SGH announced that Penny Herscher, a current member of its board of directors, has been unanimously elected chair of its board of directors. (Photo: Business Wire)
"Penny is an experienced public company chair and has had a successful career in a variety of executive leadership positions helping companies scale," said Mark Adams, President and CEO of SGH. "We are grateful to have Penny on our team as chair of the SGH board. I look forward to working with her in this new role as we focus on powering growth for our customers, company, employees, and shareholders."
"I joined the SGH board last year during a time of exciting transformation of the company,” said Ms. Herscher. “It is an honor to be appointed the chair of SGH's board of directors, and I look forward to working with Mark and the board to contribute to the success of the company and all stakeholders."
Ms. Herscher is a public technology company board director, executive and entrepreneur, with more than 15 years of experience as a high-tech CEO in Silicon Valley and more than 15 years of experience serving on public company boards of directors. She currently serves as chair of the board of directors at Lumentum Holdings, Inc. and as a director at Faurecia SA and several private companies. Ms. Herscher also previously served as a member of the board of directors of Verint Systems, Inc. from 2017 to 2021, PROS Holdings, Inc. from 2018 to 2021, and Rambus, Inc. from 2006 to 2018. Since 2004, Ms. Herscher held various executive positions as CEO of FirstRain, Inc., executive vice president and chief marketing officer at Cadence Design Systems, Inc., and CEO of Simplex Solutions.
Ms. Herscher holds a BA Hons, MA in Mathematics from Cambridge University in England.
About SMART Global Holdings – SGH
At SGH, our companies are united by a drive to raise the bar, execute with discipline and focus on what’s next for the technologies that support and advance the world. Across computing, memory and LED lighting solutions, we build long-term strategic partnerships with our customers.
Backed by a proven leadership team, we operate with excellence around the globe while unlocking new avenues of growth for our business and industry.
