GigCapital2, Inc. (NYSE: GIX, GIX.U, GIX.RT, and GIX.WS) (the
“Company”) today announced that its Board of Directors has approved
new appointments to the Company’s leadership team as it accelerates
its overall activities as a private-to-public equity (PPE) entity,
including screening and vetting process of the potential targets
for future business combinations. Effective on August 12, 2019, the
following appointments will take effect:
- Dr. Raluca Dinu appointed to President and Chief Executive
Officer. Dr. Avi Katz, currently the Executive Chairman, Secretary,
President and Chief Executive Officer of GigCapital2, will remain
as the Company’s Executive Chairman and Secretary.
- Brad Weightman appointed to the role of Chief Financial Officer
for GigCapital2, Inc.
- Andrea Betti-Berutto appointed as an advisor with the title of
Hardware Chief Technical Officer, to lead the HW technical
screening and vetting process of the Company.
- Peter Wang appointed as an advisor with the title of Software
Chief Technical Officer, to lead the SW technical screening and
vetting process of the Company.
“These are exciting and busy times for the GigCapital Group as
we move aggressively in our execution of the GigCapital2 business
plan, including world-wide screening and vetting of a plethora of
potential targets for the next business combination. To lead the
fast-moving company, Raluca has been appointed as our new President
and CEO and will take over all the day-to-day management of our
operations and strategic execution of our plan. She will continue
to also serve on our Board of Directors. I will remain in the
Executive Chairman’s role and remain actively involved in the
endeavors of GigCapital2, while pursuing the continuous and further
development of the GigCapital Group. Raluca’s extensive knowledge
of the TMT markets, wealth of operational hands-on and strategic
growth leadership, and a track record of multiple successful
mergers and acquisitions over a span of two decades make her the
ideal choice for the next stage of our development,” said Dr. Avi
Katz, Executive Chairman of GigCapital2, Inc. “We are also
delighted that Brad has joined the GigCapital2, Inc., team and the
growing GigCapital Group to oversee its financial operations.
Lastly, I am pleased that Andrea and Peter have joined us in
leadership technical advisory capacity. Their breadth of technology
and global business experience is a valuable addition as we expand
the pipeline of potential combination targets of the Company under
review.”
Backgrounds
Dr. Raluca Dinu
Dr. Dinu is a global business executive and technology visionary
with 20 years of achievements in the high-tech industry
(semiconductor devices fab and fabless, electronics, media, cloud
data management, and information technology) and an established
track-record of driving increased revenue and profitability,
building and leading cross-functional teams, and delivering
impressive results in turnaround situations, strategic growth and
consolidation, and fast-paced business environments. Dr. Dinu is
currently a member of GigCapital2 Board of Directors. She most
recently served as General Manager / Vice President at Integrated
Device Technology, Inc. (IDT) (NASDAQ IDTI), which was acquired by
Renesas Electronics Corp in 2019. Prior to joining IDT, Dr. Dinu
held various executive positions. including Executive Vice
President and Chief Operation Officer (COO), at GigPeak (NYSE GIG),
(formerly GigOptix) from 2008 to 2017. Dr. Dinu led GigPeak’s
operations to record financial performance with significant
increase in profitability and shareholder value. She was actively
involved in GigPeak’s rollup through 10 mergers and acquisitions,
and in closing the sale of GigPeak to IDT. Dr. Dinu was a member of
the Board of Directors of Brazil-Photonics, in Campinas Brazil, a
Joint Venture that GigOptix established with CPQD in 2014. Prior to
GigOptix, Dr. Dinu was VP of Engineering at Lumera when it was
acquired by GigOptix in 2008. Raluca holds a B.Sc. in Physics a
Ph.D. in Solid State Condensed Matter, Physics from the University
of Bucharest, and Executive-MBA from Stanford University.
Brad Weightman
Mr. Weightman has more than 25 years of global finance and
accounting experience with a combination of large, mid-sized, and
small public and private companies in the Semiconductor, IoT,
hardware, and software industries. Most recently, Mr. Weightman was
Senior Business Controller at Integrated Device Technology, Inc.
(NASDAQ IDTI), providing strategic and financial support for the
General Manager and the division, prior to IDT being acquired by
Renesas Electronics Corp. Previously, Mr. Weightman was Corporate
Controller at GigPeak Inc. (NYSE GIG), formerly GigOptix, prior to
GigPeak being acquired by IDT. Additionally, Mr. Weightman has held
various finance and accounting positions at Echelon Corporation, an
early developer of the IoT market, supporting company growth from
early stages to a mid-sized public company, as well as large
corporations such as AMD and Xerox. Mr. Weightman received a
Bachelor of Science degree in Accounting from San Jose State
University, and is a Certified Public Accountant in California
(inactive).
Peter Wang
Mr. Wang is with a member of the Board of Directors of
GigCapital, Inc. He is a managing partner of Optino Network LLC, a
cross-border business strategy and technology transfer advisory
service. He also serves on the Technology Advisory Council for
Benhamou Global Ventures. Mr. Wang previously served as the
founding President of CoolCloudz, an Infrastructure-as-a-Service
company, and the Sr. Vice President and General Manager of the
Cloud Storage Products Business Unit of UIT, in China between 2010
and 2012. Mr. Wang co-founded Retrevo Inc., a venture funded Web
2.0 vertical search company employing machine learning technology,
and served as the Vice President of Engineering and Operations and
Board director between late 2005 and 2009. Mr. Wang led the
founding of Intransa Inc. and served as the founding President and
Chairman of the Board in late 2000. Intransa Inc. was a pioneer IP
SAN company in the storage industry, backed by prominent Silicon
Valley venture capital firms. Through his tenure at Intransa Inc.
through mid-2005, Mr. Wang not only served as the CTO and a Board
director, but also as Vice President of Engineering and Marketing,
driving global strategic partnerships, at different stages. Prior
to Intransa Inc., Mr. Wang led the corporate Technology Development
Center at 3Com Corp. and served in various leadership positions
from 1995-2000. While at 3Com, Mr. Wang spear-headed wide ranging
technology investigations, prototyping, cross-division technology
strategies, and strategic and university research partnership
efforts, on VoIP, high-speed networks, broadband and wireless
access, intelligent infrastructure, and network appliances. Prior
to 1995, Mr. Wang led advanced development of distributed computing
technologies at TRW Space & Defense and received TRW Chairman’s
Award for Innovation. Mr. Wang was instrumental in a number of IEEE
802, IETF and ANSI standards. He has been awarded over 20 US
patents and has published a number of IEEE conferences and other
journal papers. He holds MS in Management Sciences from Stanford
University, MS in EECS from U.C. Berkeley, and BS in Electrical
Engineering from Univ. of Michigan.
Andrea Betti-Berutto
Mr. Betti-Berutto is a senior technologist and entrepreneur with
more than 25 years of experience in RF and Optical Interconnect
Systems and Components and RFIC Semiconductor technologies. Mr.
Betti-Berutto was previously the Fellow of Optical Interconnect
Business Units at Integrated Device Technology (IDT) (NASDAQ IDTI),
which was acquired by Renesas Electronics Corp (TSE 6723:JP) in
2019. Mr. Betti-Berutto joined IDT through the acquisition of
GigPeak Inc. (NYSE GIG), formerly GigOptix, and, where he served as
Chief Technologist of the Business Unit, and led the integration of
the of GigPeak technical team into IDT corporation. Previously, Mr.
Betti-Berutto was Co-Founder of Iterra Communication, pioneer
company in semiconductors for 40G new generation optical network,
where he served as VP of Engineering for RF and Optical
Communication product development and Member of Board of Directors.
After a reorganization of iTerra, he co-founded GigOptix and, as
Chief Technology Officer (CTO), led the growth of company
technologies and product lines into 100/200G optical market, mmWave
transceivers for future 5G network deployment and transceivers for
sensing application. Together with the GigOptix CEO and Executive
leadership team, Mr. Betti-Berutto drove the acquisition and
integration of 10 companies and technologies. Before starting
iTerra Communication venture he worked in various companies in
microwave system and devices for Basestation and Space
Communication such as Fujitsu (USA), European Space Agency
(Netherlands) and Space Engineering SpA (Italy). Mr. Betti-Berutto
is a very hands-on executive with large experience in
product/technology and business roadmap definition, strategic
initiatives, company re-organization, product development and NPI
processes. He has published multiple papers in IEEE journals and
conferences and owns US patents in the area of high-speed RF and
Optical Integrated circuits. Mr. Betti-Berutto holds the degree of
Electronic Engineer (MS) from University of Rome “La Sapienza”
(Italy) with specialization in Electromagnetism.
About The GigCapital Group and GigCapital2,
Inc.
The GigCapital Group (GigCG) is a technology, media and
telecommunications (TMT) focused investment group led by an
affiliated team of technology industry corporate executives and
entrepreneurs, and TMT operational and strategic experts in the
private and public markets, including substantial, success-proven
M&A and IPO activities. The group deploys a unique
Mentor-Investors methodology to partner with exceptional TMT
companies, managed by dedicated and experienced entrepreneurs. The
GigCG Private-to-Public Equity (PPE) companies (also known as blank
check companies or special purpose acquisition companies (SPACs))
offer financial, operational and executive mentoring to U.S. and
overseas private, and non-U.S. public companies, in order to
accelerate their path from inception and as a privately-held entity
into the growth-stage as a publicly traded company in the U.S. The
partnership of GigCG with these companies continues through an
organic and roll-up strategy growth post the transition to a public
company. GigCG was launched in 2017 with the vision of becoming the
lead franchise in incepting and developing TMT Private-to-Public
Equity (PPE) companies. For more information, visit
www.gigcapitalglobal.com.
GigCapital2, Inc. (NYSE: GIX, GIX.U, GIX.RT, and GIX.WS), is one
of the GigCG Private-to-Public Equity (PPE)™ companies.
“Private-to-Public Equity (PPE)” and “Mentor-Investor” are
trademarks of GigFounders, LLC, used pursuant to agreement.
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version on businesswire.com: https://www.businesswire.com/news/home/20190808005689/en/
Darrow Associates, Inc. Jim Fanucchi, (408) 404-5400
ir@GigCapital2.com
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