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SMART Global Holdings Appoints Penny Herscher as New Independent Member of its Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
SMART Global Holdings (SGH) appointed Penny Herscher to its board of directors and as a member of the Nominating and Governance Committee effective September 24, 2021. Herscher brings over 15 years of experience as a high-tech CEO in Silicon Valley and has served on various public company boards. Her expertise is expected to enhance the board's perspective and support SGH's growth initiatives. CEO Mark Adams expressed optimism regarding her contribution to the company's future strategies.
Positive
Penny Herscher's extensive experience in the technology sector is expected to strengthen the board.
Her appointment may foster enhanced governance and strategic insights, potentially driving SGH's growth.
Negative
None.
NEWARK, Calif.--(BUSINESS WIRE)--
SMART Global Holdings, Inc. (“SGH”) (Nasdaq: SGH) today announced the appointment of Penny Herscher, chair of the board of directors at Lumentum Holdings Inc., to its board of directors and as a member of its Nominating and Governance Committee, effective September 24, 2021.
SMART Global Holdings (SGH) announced the appointment of Penny Herscher to its board of directors and as a member of its Nominating and Governance Committee. (Photo: Business Wire)
“We are excited to have Penny join our board at SGH,” commented Mark Adams, President and CEO of SGH. “Her vast experience and diverse background add a valuable perspective to our Board and will help us consistently raise the bar to power growth and expand possibilities.”
Ms. Herscher is a seasoned technology public company board director, executive and entrepreneur, with more than 15 years of experience as a high-tech CEO in Silicon Valley and more than 10 years of experience serving on public company boards of directors. She currently serves as chair of the board of directors at Lumentum Holdings, Inc., 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 First Rain, Inc., executive vice president and chief marketing officer of 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 diverse family of companies is 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 high-performance computing, wireless and embedded technologies, memory, and LED lighting solutions, we build long-term strategic partnerships with our customers across enterprise, government and manufacturing.
Backed by a proven leadership team, we operate with excellence around the globe while unlocking new avenues of growth for our business and industry.
What is the significance of Penny Herscher's appointment to SGH's board?
Penny Herscher's appointment is significant as she brings extensive governance and industry experience, which may aid SGH in enhancing its strategic direction and growth.
When did Penny Herscher join the SGH board of directors?
Penny Herscher joined the board of directors of SMART Global Holdings on September 24, 2021.
What roles will Penny Herscher occupy at SGH?
Penny Herscher will serve on the board of directors and as a member of the Nominating and Governance Committee.
What is Penny Herscher's background?
Penny Herscher is a seasoned technology executive with over 15 years as a CEO in Silicon Valley and experience on multiple public company boards.
