Electronics-Industry Executive Dennis McKenna Joins the Board of Directors of SMART Modular Technologies
03 February 2009 - 8:15AM
Marketwired
SMART Modular Technologies (WWH), Inc. ("SMART") (NASDAQ: SMOD), a
leading independent manufacturer of memory modules, solid state
drives, embedded computing subsystems, and TFT-LCD display
products, today announced that SMART's shareholders had elected
Dennis McKenna to SMART's Board of Directors to replace D. Scott
Mercer, who has stepped down. Upon the recommendation of the
Nominating and Corporate Governance Committee, the Board of
Directors has appointed Mr. McKenna to serve on the Audit Committee
and the Compensation Committee, in addition to a newly formed
Strategy Committee.
"We're delighted to welcome Dennis to our Board," said Ajay
Shah, Chairman of the Board of SMART. "His 25 years of experience
in the electronics industry covers the electronics supply chain end
to end and, among other areas, includes broad and global experience
in sales and marketing, strategic product development and
operations. The addition of Dennis will expand the depth of
expertise at SMART and provide us with a valuable resource as we
continue to drive our business forward."
A 25-year veteran of the electronics industry, Mr. McKenna
currently serves as a consultant to private equity firms engaged in
technology investing. From 2006 to 2007, Mr. McKenna served as
Chairman, Chief Executive Officer and President of Silicon Graphics
(NASDAQ: SGIC), a maker of high performance computing solutions,
during its financial restructuring process. Prior to that, Mr.
McKenna served as interim Chief Executive Officer and President of
SCP Global Technologies, a private company specializing in
semiconductor wafer cleaning equipment, during its sale process in
2005. In 1997, Mr. McKenna founded ChipPAC, a provider of
semiconductor assembly and test services. He took ChipPAC public on
the NASDAQ and served as its Chairman, Chief Executive Officer and
President until its sale in 2004 to form STATSChipPAC.
Mr. McKenna currently serves as Chairman of the Board of
Skycross, Inc., a privately held global wireless company. In
addition, he has served on the Board of Directors of Legerity,
Inc., a privately held fabless semiconductor company, from 2005
until its sale to Zarlink in 2007. Mr. McKenna holds a bachelor's
degree in business administration from Wayne State University in
Detroit, Michigan.
As disclosed in SMART's proxy statement filed last December, Mr.
Mercer did not stand for re-election. Mr. Mercer, who currently
serves as Chairman of the Board and Chief Executive Officer of
Conexant Systems, Inc. (NASDAQ: CNXT), completed his term, which
ended on January 28, 2009, when SMART held its annual shareholders'
meeting. Commenting on Mr. Mercer's retirement from SMART's Board
of Directors, Shah added, "On behalf of the Board, I want to
acknowledge and express our deep appreciation for Scott's
significant contributions to SMART during his tenure. We will miss
his support and presence on the Board."
About SMART
SMART is a leading independent designer, manufacturer and
supplier of electronic subsystems to original equipment
manufacturers, or OEMs. SMART offers more than 500 standard and
custom products to OEMs engaged in the computer, industrial,
networking, gaming, telecommunications, and embedded application
markets. Taking innovations from the design stage through
manufacturing and delivery, SMART has developed a comprehensive
memory product line that includes DRAM, SRAM, and Flash memory in
various form factors. Through its subsidiary, Adtron Corporation,
SMART offers high performance, high capacity solid state drives for
enterprise, defense/aerospace, industrial automation, medical, and
transportation markets. Its Embedded Products Division develops
embedded computing subsystems, backed by design and manufacturing,
for markets supporting test equipment, 3G infrastructure, and
network processing applications. SMART's Display Products Group
designs, manufactures, and sells thin film transistors (TFT) liquid
crystal display (LCD) solutions to customers developing casino
gaming systems as well as embedded applications such as kiosk, ATM,
point-of-service, and industrial control systems. SMART's presence
in the U.S., Europe, Asia, and Latin America enables it to provide
its customers with proven expertise in international logistics,
asset management, and supply-chain management worldwide. See
www.smartm.com for more information.
Contact: Suzanne Craig The BlueShirt Group for SMART Modular
Technologies +1 415 217-7722 Email Contact
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