SMART Global Holdings Appoints Ken Rizvi as SVP and Chief Financial Officer

Rhea-AI Summary

SMART Global Holdings (SGH) announces the appointment of Ken Rizvi as Senior Vice President and Chief Financial Officer, effective February 15, 2021. Rizvi joins from UTAC Holdings, bringing over 20 years of experience in the technology sector. His transition allows current CFO Jack Pacheco to concentrate on his roles as Chief Operating Officer and President of SMART Modular Technologies. CEO Mark Adams expressed confidence in Rizvi’s financial expertise, which is expected to positively impact SGH's strategic growth and diversification efforts.

Positive

• Ken Rizvi's extensive experience in finance and technology is expected to enhance SGH's financial strategy.
• Rizvi's appointment allows Jack Pacheco to focus on operational leadership, potentially strengthening SGH's overall management.

Negative

• None.

SMART Global Holdings, Inc. (“SGH” or the “company”) (NASDAQ: SGH) today announced that Ken Rizvi has been appointed Senior Vice President and Chief Financial Officer effective February 15, 2021, and will report to SGH Chief Executive Officer, Mark Adams.

SMART Global Holdings (SGH) appoints Ken Rizvi Senior Vice President and Chief Financial Officer. (Photo: Business Wire)

Current Chief Financial Officer, Jack Pacheco, will continue in his roles as Chief Operating Officer of SGH and President of SMART Modular Technologies, SGH’s Memory Solutions Business.

“Ken brings a strong blend of international finance, accounting and strategy experience to SGH,” stated Mark Adams, SGH CEO. “Leveraging his years of financial leadership in the technology industry, I believe Ken will have a positive impact on SGH and also enable Jack to focus on his critical roles as COO of SGH and President of SMART Modular.”

As CFO, Rizvi will lead SGH’s global finance organization and be responsible for accounting, finance, corporate development, treasury, tax and investor relations. “I am thrilled to be joining SGH and I look forward to working with Mark and the team at such an exciting time in the company’s transformation,” commented Rizvi.

Rizvi’s appointment enables Mr. Pacheco to focus on his ongoing roles as COO of SGH and President of SMART’s Memory Solutions business. “I want to thank Jack for his service as CFO of SGH and I look forward to continuing to partner with him in leading SMART on the execution of our growth and diversification strategy,” said Adams.

Mr. Rizvi joins SGH from UTAC Holdings Ltd., a global semiconductor assembly and test services provider, where he served as the Chief Financial Officer. Prior to that, he held the CFO role at Isola Group and served as VP of Finance & Treasurer at Micron Technology. Mr. Rizvi has more than 20 years of experience in the technology industry with senior leadership roles at UTAC, Isola, Micron and ON Semiconductor. He also served as an associate with Technology Crossover Ventures , a leading private equity and venture capital firm, and as an investment banker at Morgan Stanley. Rizvi holds an Executive MBA from the W.P. Carey School of Business at Arizona State University, and a Bachelor of Arts degree in Economics from Yale University.

About SMART Global Holdings – SGH

SGH is comprised of business units that are leading designers and manufacturers of electronic products focused on computing and memory technology. These businesses specialize in application-specific product development and support for customers in enterprise, government and OEM sales channels.

Customers rely on SGH businesses as their strategic suppliers providing exceptional customer service, product quality, and technical support with engineering, sales, manufacturing, supply chain and logistics capabilities that span the globe. SGH’s businesses support customers in communications, storage, networking, mobile, industrial automation, IoT and industrial IoT, government, military, and computing including edge and high-performance computing markets. SGH businesses operate in three primary areas: specialty compute and storage solutions, specialty memory products, and Brazil.

For more information about SGH business units, visit: SMART Modular Technologies; SMART Embedded Computing; SMART Wireless; SMART Supply Chain Services; and Penguin Computing.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210202005437/en/

FAQ

Who has been appointed as the new CFO of SMART Global Holdings (SGH)?

Ken Rizvi has been appointed as the new Chief Financial Officer of SMART Global Holdings, effective February 15, 2021.

What experience does Ken Rizvi bring to SGH?

Ken Rizvi brings over 20 years of experience in the technology sector, having previously served as CFO at UTAC Holdings and Isola Group.

What role will Jack Pacheco continue to hold at SGH after Rizvi's appointment?

Jack Pacheco will continue as Chief Operating Officer and President of SMART Modular Technologies.

When did Ken Rizvi start his role at SGH?

Ken Rizvi began his role as CFO of SMART Global Holdings on February 15, 2021.

What impact is expected from Ken Rizvi's appointment at SGH?

Ken Rizvi's appointment is expected to positively influence SGH's financial strategy and support the company's growth initiatives.