Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon
battery company, today announced multiple leadership additions in
key functional roles to support the company’s scale-up.
“We are moving quickly to deliver on the promise
of our revolutionary battery,” said Dr. Raj Talluri, President and
CEO of Enovix. “That includes adding seasoned leaders that have a
proven track record of defining products that meet customer
requirements and demand while scaling with best-in-class cost to
achieve strong gross margins.”
Recent appointments include:
Samira Naraghi as Vice President of
Product Management. Naraghi joins Enovix in a newly
established role and will report to Dr. Talluri. She is responsible
for planning and driving products and strategic programs across all
organizations of the company.
Naraghi brings to Enovix over 19 years of
experience leading product teams and go-to-market (“GTM”)
strategies for technology leaders. Most recently, she served as
global head of partnerships for Meta Connectivity, focused on
driving adoption of wireless and fixed network infrastructure
solutions to enable the metaverse and future XR applications. Prior
to joining Meta, she led GTM strategy and business development for
Amazon Web Services’ cloud computing platforms.
Naraghi additionally has held product and business
leadership roles at multiple semiconductor companies, including
Atheros Communications, Qualcomm, Rambus, and Integrated Device
Technology (IDT). At IDT, she was General Manager of the company’s
Power & Energy Management Division where she drove a
substantial increase in profitability and revenue growth in less
than two years. At Rambus, she was Director of Product Management
of the Memory & Interfaces Division and during her tenure
brought to market the company’s first semiconductor IC product.
Milind Patil as Vice President of Global
Procurement. Patil joins Enovix from semiconductor capital
equipment leader Lam Research, where he most recently served as
Managing Director of Global Supply Chain, Global Operations,
overseeing a multi-billion-dollar global supply chain spend.
Patil brings nearly 29 years of global supply
management and operations management to Enovix focused on the U.S.
and Asia Pacific regions for companies spanning semiconductors,
wafer fabrication equipment, printed circuit boards, lighting,
optics, and electronics. Prior to joining Lam Research in 2020, he
was Senior Director, Global Supply Chain, Worldwide Operations at
Applied Materials. Additionally, he has held roles at AMD,
Lumileds, and Ibiden.
At Enovix, Patil will oversee a procurement
process that spans the full stack of battery production, from raw
materials to capital equipment. He will report to Chief Operating
Officer Ajay Marathe.
Mani Balasubramanian as Vice President,
Controller. Mani joins Enovix from Lumileds, where he has
most recently served as Vice President of Finance for the
Automotive Business Unit and Operations. Among his many roles, Mani
led new product investment analysis, cost modeling, long-term cost
reduction roadmaps and implemented processes to forecast revenue
based on design wins with OEMs.
Mani has over 25 years of experience in strategy,
finance, operations management, continuous improvement, and process
engineering roles, primarily at Philips companies (Lumileds,
Philips Lighting, Philips Broadband Networks). In these roles, he
has supported business units serving both tier one smartphone OEMs
and automakers with products made in factories across the U.S.,
Europe, and Asia Pacific.
At Enovix, Mani will be focused on product
costing, margin analysis, and directing financial planning and
budgeting. He will report to Chief Financial Officer Steffen
Pietzke.
About Enovix Enovix 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.
Forward Looking Statements This
press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
about us and our industry that involve substantial risks and
uncertainties. Actual results could differ materially from these
forward-looking statements as a result of certain risks and
uncertainties. For additional information on these risks and
uncertainties and other potential factors that could affect our
business and financial results or cause actual results to differ
from the results predicted, please refer to our filings with the
Securities and Exchange Commission (the “SEC”), including in the
“Risk Factors” and “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” sections of our most
recently filed annual periodic reports on Form 10-K and quarterly
report on Form 10-Q and other documents that we have filed, or that
we will file, with the SEC. Any forward-looking statements made by
us in this press release speak only as of the date on which they
are made and subsequent events may cause these expectations to
change. We disclaim any obligations to update or alter these
forward-looking statements in the future, whether as a result of
new information, future events or otherwise, except as required by
law.
For investor and media inquiries, please
contact:
Enovix Corporation Charles Anderson Phone: +1
(612) 229-9729 Email: canderson@enovix.com
Or
The Blueshirt Group Gary Dvorchak, CFA Phone:
(323) 240-5796 Email: gary@blueshirtgroup.com
For media inquiries, please
contact:
Enovix Corporation Kristin Atkins Phone: +1
(650) 815-6934 Email: katkins@enovix.com
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