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Supermicro Appoints New Independent Director and General Counsel

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Supermicro (NASDAQ: SMCI) has announced key leadership appointments to support its growth strategy. Scott Angel, bringing nearly 40 years of experience in accounting, audit, consulting, and financial advisory, has joined as a new independent director. His expertise spans technology and semiconductor industries with a focus on risk and compliance.

Additionally, Yitai Hu has been promoted to General Counsel & Senior Vice President of Corporate Development, reporting directly to CEO Charles Liang. This appointment aims to expand the company's in-house legal department to align with organizational growth and complexity.

These appointments come as Supermicro experiences significant growth and positions itself at the forefront of the AI revolution as a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge technologies.

Supermicro (NASDAQ: SMCI) ha annunciato importanti nomine dirigenziali per supportare la sua strategia di crescita. Scott Angel, con quasi 40 anni di esperienza in contabilità, revisione, consulenza e advisory finanziaria, è entrato come nuovo direttore indipendente. La sua esperienza copre i settori della tecnologia e dei semiconduttori, con un focus su rischi e conformità.

Inoltre, Yitai Hu è stato promosso a Consigliere Legale e Vicepresidente Senior dello Sviluppo Aziendale, riferendo direttamente al CEO Charles Liang. Questa nomina mira ad ampliare il dipartimento legale interno dell'azienda per allinearsi alla crescita e alla complessità organizzativa.

Queste nomine arrivano mentre Supermicro sta vivendo una significativa crescita e si posiziona all'avanguardia della rivoluzione dell'IA come fornitore totale di soluzioni IT per IA, Cloud, Storage e tecnologie 5G/Edge.

Supermicro (NASDAQ: SMCI) ha anunciado nombramientos clave en su liderazgo para apoyar su estrategia de crecimiento. Scott Angel, que aporta casi 40 años de experiencia en contabilidad, auditoría, consultoría y asesoría financiera, se ha unido como nuevo director independiente. Su experiencia abarca las industrias de tecnología y semiconductores, con un enfoque en riesgos y cumplimiento.

Además, Yitai Hu ha sido ascendido a Consejero General y Vicepresidente Senior de Desarrollo Corporativo, reportando directamente al CEO Charles Liang. Este nombramiento tiene como objetivo expandir el departamento legal interno de la empresa para alinearse con el crecimiento y la complejidad organizativa.

Estos nombramientos se producen mientras Supermicro experimenta un crecimiento significativo y se posiciona a la vanguardia de la revolución de la IA como proveedor total de soluciones de TI para IA, Cloud, Almacenamiento y tecnologías 5G/Edge.

슈퍼마이크로 (NASDAQ: SMCI)는 성장 전략을 지원하기 위해 주요 리더십 임명을 발표했습니다. 스콧 앤젤은 회계, 감사, 컨설팅 및 재무 자문 분야에서 거의 40년의 경험을 가지고 새로운 독립 이사로 합류했습니다. 그의 전문성은 기술 및 반도체 산업을 아우르며 위험 및 규정 준수에 중점을 두고 있습니다.

또한 이타이 후는 법률 고문 및 기업 개발 수석 부사장으로 승진하여 CEO 찰스 리앙에게 직접 보고합니다. 이 임명은 조직의 성장과 복잡성에 맞춰 회사의 내부 법무 부서를 확장하는 것을 목표로 하고 있습니다.

이러한 임명은 슈퍼마이크로가 상당한 성장을 경험하고 AI, 클라우드, 스토리지 및 5G/엣지 기술을 위한 총 IT 솔루션 제공업체로서 AI 혁명의 최전선에 자리 잡고 있는 가운데 이루어졌습니다.

Supermicro (NASDAQ: SMCI) a annoncé des nominations clés au sein de sa direction pour soutenir sa stratégie de croissance. Scott Angel, fort de près de 40 ans d'expérience en comptabilité, audit, conseil et advisory financier, a rejoint l'entreprise en tant que nouveau directeur indépendant. Son expertise couvre les secteurs de la technologie et des semi-conducteurs, avec un accent sur les risques et la conformité.

De plus, Yitai Hu a été promu au poste de Conseiller Général et Vice-Président Senior du Développement Corporatif, reportant directement au PDG Charles Liang. Cette nomination vise à élargir le département juridique interne de l'entreprise pour s'aligner sur la croissance et la complexité organisationnelle.

Ces nominations interviennent alors que Supermicro connaît une croissance significative et se positionne à l'avant-garde de la révolution de l'IA en tant que fournisseur total de solutions informatiques pour l'IA, le Cloud, le stockage et les technologies 5G/Edge.

Supermicro (NASDAQ: SMCI) hat wichtige Führungspositionen angekündigt, um seine Wachstumsstrategie zu unterstützen. Scott Angel, der fast 40 Jahre Erfahrung in den Bereichen Buchhaltung, Prüfung, Beratung und Finanzberatung mitbringt, ist als neuer unabhängiger Direktor eingetreten. Seine Expertise erstreckt sich über die Technologie- und Halbleiterindustrie mit einem Fokus auf Risiko und Compliance.

Darüber hinaus wurde Yitai Hu zum General Counsel und Senior Vice President für Unternehmensentwicklung befördert, der direkt an CEO Charles Liang berichtet. Diese Ernennung zielt darauf ab, die interne Rechtsabteilung des Unternehmens auszubauen, um mit dem Wachstum und der Komplexität der Organisation in Einklang zu stehen.

Diese Ernennungen erfolgen, während Supermicro ein signifikantes Wachstum erlebt und sich an der Spitze der KI-Revolution als umfassender IT-Lösungsanbieter für KI, Cloud, Speicher und 5G/Edge-Technologien positioniert.

Positive
  • Strategic expansion of leadership team with experienced professionals
  • Strengthening of corporate governance with new independent director
  • Enhancement of legal capabilities through internal promotion to General Counsel
Negative
  • None.

Industry veteran with deep financial background Scott Angel joins Board

Seasoned legal expert Yitai Hu promoted to General Counsel

SAN JOSE, Calif.--(BUSINESS WIRE)-- Super Micro Computer, Inc. (NASDAQ: SMCI) (“Supermicro” or the “Company”), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, today announced enhancements to its Board of Directors and senior leadership team to support the continued execution of its growth strategy, with the appointments of:

  • Scott Angel as a new independent director: Mr. Angel, who brings nearly four decades of experience in accounting, audit, consulting, and financial advisory, has deep expertise in the technology and semiconductor industries with a focus on risk and compliance.
  • Yitai Hu as General Counsel & Senior Vice President, Corporate Development: Reporting directly to Supermicro’s CEO, Mr. Hu’s appointment furthers the Company’s ongoing work to expand its in-house legal department to better align with the size and complexity of the organization as well as its future growth ambitions.

“Supermicro’s explosive growth has positioned us as a clear industry leader with tremendous opportunities for further value creation, and the appointments of Scott as an independent director and Yitai as General Counsel will support our continued growth,” said Charles Liang, Founder, President, and CEO of Supermicro. “We look forward to benefitting from Scott’s valuable insights and fresh perspectives on our Board as we work together to advance our vision for Supermicro’s future at the forefront of the AI revolution. Yitai, already familiar with the Company, is a seasoned legal expert with a strong business acumen, and we are pleased to have a leader of his caliber serving as our General Counsel.”

About Scott Angel

Mr. Angel spent over 37 years in the audit and assurance practice at Deloitte, including 25 years as an audit partner in Silicon Valley. He focused on serving clients in the technology industry and led the semiconductor industry practice from 1993 until his retirement in December 2017. During Mr. Angel’s career at Deloitte, he served a wide range of public and private technology companies and has experience working on risk and compliance issues. He graduated with a Bachelor of Business Administration from the University of Washington, is a CPA (inactive status) and a member of the AICPA.

About Yitai Hu

With a legal career spanning nearly three decades, Mr. Hu has been a partner at AmLaw 50 law firms including Norton Rose Fulbright US LLP, Wilson Sonsini Goodrich & Rosati, Alston & Bird LLP and Akin Gump Strauss Hauer & Feld LLP. Recognized internationally as a leading trial attorney in the area of intellectual property rights, he brings deep technology experience as well as expertise on issues related to corporate governance and other matters including corporate transactions and mergers and acquisitions. He graduated with a Bachelor’s Degree in Physics from the University of Kansas, and a Juris Doctor from the University of Maryland’s Francis King Carey School of Law.

Cautionary Statement Regarding Forward-Looking Statements

Statements contained in this press release that are not historical fact may be forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward looking statements may relate to, among other things, contributions to our future growth to be made by the new director and General Counsel. Such forward looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties that could cause our actual results to differ materially from those anticipated, including: (i) our quarterly operating results may fluctuate, which could cause rapid declines in our stock price, (ii) as we increasingly target larger customers and larger sales opportunities, our customer base may become more concentrated, our cost of sales may increase, our margins may be lower and our sales may be less predictable, (iii) if we fail to meet publicly announced financial guidance or other expectations about our business, our stock could decline in value, (iv) the average sales prices for our server solutions could decline if customers do not continue to purchase our latest generation products or additional components, and (v) adverse macroeconomic conditions may harm our business. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward looking statements are contained in our filings with the Securities and Exchange Commission, including those factors discussed under the caption “Risk Factors” in such filings, particularly in our Annual Report on Form 10-K for our fiscal year ended June 30, 2024, and Quarterly Reports on Form 10-Q filed thereafter.

About Super Micro Computer, Inc.

Supermicro (NASDAQ: SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first-to-market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure. We are a Total IT Solutions manufacturer with server, AI, storage, IoT, switch systems, software, and support services. Supermicro's motherboard, power, and chassis design expertise further enables our development and production, enabling next-generation innovation from cloud to edge for our global customers. Our products are designed and manufactured in-house (in the US, Taiwan, and the Netherlands), leveraging global operations for scale and efficiency and optimized to improve TCO and reduce environmental impact (Green Computing). The award-winning portfolio of Server Building Block Solutions® allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from our flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling or liquid cooling).

Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.

All other brands, names, and trademarks are the property of their respective owners.

Investor Relations Contact:

Nicole Noutsios

Stratos Advisors

email: ir@supermicro.com

Source: Super Micro Computer, Inc.

FAQ

Who is the new independent director appointed to Supermicro's (SMCI) board?

Scott Angel, a veteran with nearly 40 years of experience in accounting, audit, consulting, and financial advisory, particularly in technology and semiconductor industries.

What is Yitai Hu's new role at Supermicro (SMCI)?

Yitai Hu has been promoted to General Counsel & Senior Vice President of Corporate Development, reporting directly to CEO Charles Liang.

Why did Supermicro (SMCI) expand its leadership team?

The appointments support Supermicro's continued growth strategy and align with the company's increasing size and complexity as it positions itself as an industry leader in AI solutions.

What areas of expertise does Scott Angel bring to Supermicro's (SMCI) board?

Scott Angel brings expertise in risk and compliance, with deep experience in technology and semiconductor industries, accounting, audit, consulting, and financial advisory.
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