Everspin Technologies Expands Board of Directors with Appointment of Douglas Mitchell
March 13 2024 - 5:00PM
Business Wire
Mitchell will Draw on Previous Everspin
Experience and 40 Years of Semiconductor Expertise to Guide
Strategic Growth.
Everspin Technologies, Inc. (NASDAQ: MRAM), the world’s leading
developer and manufacturer of Magnetoresistive Random Access Memory
(MRAM) persistent memory solutions, announced the appointment of
Douglas Mitchell to its Board of Directors, effective February 26,
2024.
Mr. Mitchell has held various executive management positions
focusing on corporate leadership, technology, marketing and
business development of micro-controllers, digital signal
processors and memories. His principal focus has been market
requirements, providing rapid growth opportunities for
high-performance, non-volatile memory ICs. During his tenure at
Infineon Technologies, he served as Vice President of RAM products,
overseeing P&L responsibilities for a broad range of volatile
and non-volatile memory technologies. Prior to Infineon, Mr.
Mitchell worked with Microelectronics Research Development
Corporation and the US Air Force Research Labs, developing memory
products for space applications. At Everspin, Mr. Mitchell served
as Vice President of Sales & Marketing, leading business
development efforts for the company's MRAM products shortly after
their spin-off from Freescale. Earlier, he was President & CEO
of Simtek Corporation, a publicly traded provider of non-volatile
RAM ICs. He was responsible for establishing a cooperative
development contract with Cypress Semiconductor that led to
Cypress’ acquisition of Simtek.
"We look forward to Doug's return to Everspin, but this time as
a distinguished member of our Board," said President and Chief
Executive Officer Sanjeev Aggarwal. "Doug's deep understanding of
competitive memory products and technologies, coupled with
extensive experience in application use cases and go-to-market
strategies, makes him a valued asset. His 40+ years of valuable
expertise in the semiconductor industry, proven leadership and
strategic acumen will significantly contribute to Everspin's
strategic direction and growth trajectory."
About Everspin Technologies
Everspin Technologies, Inc. is the world’s leading provider of
Magnetoresistive RAM (MRAM). Everspin MRAM delivers the industry’s
most robust, highest performance non-volatile memory for Industrial
IoT, Data Center, and other mission-critical applications where
data persistence is paramount. Headquartered in Chandler, Arizona,
Everspin provides commercially available MRAM solutions to a large
and diverse customer base. For more information, visit
www.everspin.com. NASDAQ: MRAM.
Forward-Looking Statements in this press release relating to
future events or results are forward-looking statements that
involve risks and uncertainties that could cause actual results or
events to differ materially from the expectations disclosed in the
forward-looking statements. Specifically, there can be no
assurances that Everspin will be awarded any funds in connection
with its Chips Act application. Actual results could differ
materially from these forward-looking statements as a result of
certain risks and uncertainties, including, without limitation, the
risks set forth under the caption “Risk Factors” in Everspin’s
Annual Report on Form 10-K for the year ended December 31, 2023,
filed with the SEC on February 29, 2024, as well as in Everspin’s
subsequent filings with the SEC. Any forward-looking statements
made by Everspin in this press release speak only as of the date on
which they are made, and subsequent events may cause these
expectations to change. Everspin disclaims any obligation 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240313708997/en/
Investor Relations: Monica Gould The Blueshirt Group T:
212-871-3927 ir@everspin.com
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