Emmanuel T. Hernandez to Retire from Enovix Board of Directors
September 28 2023 - 4:01PM
Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon
battery company, today announced that Emmanuel T. Hernandez will
retire from the company’s board of directors effective September
30, 2023. Hernandez joined the board in July 2021, when Enovix
became a publicly traded company.
“Enovix is in great hands led by CEO Dr. Raj Talluri and an
experienced Board of Directors,” Hernandez said. “The company is
well-positioned to close the longtime gap between battery needs and
battery performance and usher in a paradigm shift across multiple
industries.”
Hernandez continued, “Over the last two years I have steadily
reduced my corporate board memberships in anticipation of
retirement to spend more time with my family. Enovix is my final
board membership and given recent board and management additions
the time is right to fully retire.”
Bernard Gutmann, who joined the Enovix Board of Directors in
June, will assume the role of Audit Committee Chairman from
Hernandez, effective October 1, 2023. Gutmann brings to Enovix
close to 40 years of experience from the semiconductor industry in
finance. Most recently, he served as the CFO and Treasurer of ON
Semiconductor from 2012 to 2021. Joseph Malchow, who also joined
the Enovix Board of Directors in June, will also become a member of
the Audit Committee, effective October 1, 2023. Malchow, the
founding partner of Hanover Technology Investment Management, a
venture capital firm, also serves on the board of Enphase Energy,
Inc., and served on the board and was a member of the Audit
Committee of Archaea Energy, Inc., a renewable gas company, from
its initial listing until its acquisition by BP p.l.c. in 2022.
“On behalf of our entire team I want to thank Manny for his
consistent professionalism, integrity, and counsel during his
tenure on the Enovix Board,” said Dr. Talluri. “We have been
fortunate to draw on his experience as a public company CFO and
Audit Committee Chairman of multi-billion-dollar companies such as
Cypress Semiconductor and ON Semiconductor. I wish him all the best
in his retirement.”
“Enovix has been the beneficiary of Manny’s financial and
operational acumen and is strongly positioned to scale globally as
the result of his contributions,” said T.J. Rodgers, Chairman of
the Board. “He helped develop many of the business processes Enovix
needed to become a public company. He was the CFO of the SPAC that
funded Enovix, and he shepherded their first reports as a public
company while serving as Audit Committee Chairman.”
Continued Rodgers, “On a personal level, I want to thank Manny
for his dependable leadership over the 30 years we have built
meaningful businesses together.”
About EnovixEnovix is on a mission to power the
technologies of the future. Everything from IoT, mobile and
computing devices, to the vehicle you drive, needs a better
battery. The company’s disruptive architecture enables a battery
with high energy density and capacity without compromising safety.
Enovix is scaling its silicon-anode, lithium-ion battery
manufacturing capabilities to meet customer demand. For more
information visit www.enovix.com and follow us on LinkedIn.
For media inquiries, please contact:
Enovix CorporationKristin AtkinsPhone: +1 (650) 815-6934Email:
katkins@enovix.com
For investor inquiries, please contact:
Enovix CorporationCharles AndersonPhone: +1 (612) 229-9729Email:
canderson@enovix.com
Enovix (NASDAQ:ENVX)
Historical Stock Chart
From Aug 2024 to Sep 2024
Enovix (NASDAQ:ENVX)
Historical Stock Chart
From Sep 2023 to Sep 2024