SANTA
CLARA, Calif., April 29,
2024 /PRNewswire/ -- Marvell Technology, Inc.
(NASDAQ: MRVL), a leader in data infrastructure semiconductor
solutions, has appointed Rick
Wallace, President and Chief Executive Officer of KLA
Corporation, where he also serves as a member of the board of
directors, and Daniel Durn, Chief
Financial Officer and Executive Vice President, Finance, Technology
Services and Operations of Adobe Inc., to its board of directors
effective April 25, 2024.
"Rick and Dan are proven leaders with track records of
successfully guiding companies to higher levels of industry
leadership and growth," said Matt
Murphy, Chairman and Chief Executive Officer of Marvell.
"Both have extensive experience in our industry – Rick as leader of
KLA, and Dan's leadership in semiconductors prior to his current
role at Adobe. They each have profound expertise in areas that will
help advance our strategy to be the industry's leading developer of
optimized silicon for accelerated infrastructure in the AI
era."
Beginning as an applications engineer at KLA in 1988, Wallace
became CEO in 2006 and has served as President since 2008 of the
semiconductor manufacturing equipment and services company. Since
then, he has expanded KLA's international operations and
successfully integrated seven other companies into KLA while
growing revenue and income. Prior to KLA, he served at Ultratech
Stepper Inc., Cypress Semiconductor Corporation and Procter &
Gamble. Wallace has also served as a member of the
board of directors of SEMI (Semiconductor Equipment and Materials
International), including as SEMI's Chairman of the Board, Splunk,
Inc., NetApp, Inc., Proofpoint, Inc., and Beckman-Coulter.
Durn brings his decades of experience in the technology industry
to Marvell, including 10 years as a public company CFO. At Adobe,
Durn oversees company-wide operations with rigor and ongoing
excellence, drives enablement at scale, and powers innovation
across the organization. Prior to Adobe, he served as Senior Vice
President and CFO at Applied Materials Inc., Executive Vice
President and CFO at NXP Semiconductors N.V., Senior Vice President
and CFO at Freescale Semiconductor Holdings Ltd., and CFO and
Executive Vice President at GlobalFoundries Inc. He also held
leadership positions in private equity and investment banking where
he advised technology companies on corporate strategy and
acquisitions.
About Marvell
To deliver the data infrastructure technology that connects the
world, we're building solutions on the most powerful foundation:
our partnerships with our customers. Trusted by the world's leading
technology companies for over 25 years, we move, store, process and
secure the world's data with semiconductor solutions designed for
our customers' current needs and future ambitions. Through a
process of deep collaboration and transparency, we're ultimately
changing the way tomorrow's enterprise, cloud, automotive, and
carrier architectures transform—for the better.
Marvell and the M logo are trademarks of Marvell or its
affiliates. Please visit www.marvell.com for a complete
list of Marvell trademarks. Other names and brands may be claimed
as the property of others.
This press release contains forward-looking statements within
the meaning of the federal securities laws that involve risks and
uncertainties. Forward-looking statements include, without
limitation, any statement that may predict, forecast, indicate or
imply future events, results or achievements. Actual events,
results or achievements may differ materially from those
contemplated in this press release. Forward-looking statements are
only predictions and are subject to risks, uncertainties and
assumptions that are difficult to predict, including those
described in the "Risk Factors" section of our Annual Reports on
Form 10-K, Quarterly Reports on Form 10-Q and other documents filed
by us from time to time with the SEC. Forward-looking statements
speak only as of the date they are made. Readers are cautioned not
to put undue reliance on forward-looking statements, and no person
assumes any obligation to update or revise any such forward-looking
statements, whether as a result of new information, future events
or otherwise.
For further information, contact:
Stacey Keegan
pr@marvell.com
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SOURCE Marvell