Everspin Technologies Appoints Daniel Berenbaum as Chief Financial Officer
June 09 2020 - 8:00AM
Business Wire
Finance leader with 25 years of semiconductor
and Wall Street experience joins team in leading the
commercialization of MRAM technology
Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading
developer and manufacturer of Magnetoresistive RAM (MRAM),
announced that Daniel Berenbaum is joining the company as Chief
Financial Officer (CFO). Berenbaum will be relocating to Arizona
from Singapore and will start at Everspin on July 15th.
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Danial Berenbaum, Everspin CFO (Photo:
Business Wire)
Dan joins Everspin from GLOBALFOUNDRIES, where he has held
executive finance positions since 2013. He was most recently
Asia/Pacific CFO, responsible for manufacturing controlling,
accounting, and shared services, as well as driving M&A for the
region. Previously, he spent a decade on Wall Street in analyst and
leadership roles, where he accumulated extensive investment
experience across the semiconductor space. His earlier experience
includes seven years in various technical and management roles at
Applied Materials, as well as five years as a nuclear power-trained
surface line officer in the United States Navy. Berenbaum has a
B.S. degree in History from the United States Naval Academy.
“Everspin has made great progress toward building a scalable
path to profitability and beyond. We believe Dan’s experience and
leadership in financial strategy and execution will help accelerate
our efforts. His diverse experience in both silicon manufacturing
and semiconductor investment has prepared him well to significantly
contribute to our team,” said Kevin Conley, President and CEO of
Everspin. “Coming from our manufacturing partner, GLOBALFOUNDRIES,
is an additional plus and we appreciate their continuing support of
Dan and Everspin.”
“Everspin’s potential is clear due to its technology leadership,
MRAM’s value proposition, and its ability to disrupt the
traditional memory market,” said Berenbaum. “I’m grateful for the
opportunity to join the Everspin team at this exciting point in its
growth.”
Everspin would like to thank Matt Tenorio who has acted as
interim CFO since January. Matt will remain as Everspin’s Corporate
Controller on Berenbaum’s team and will be instrumental in ensuring
continuity as well as a quick and smooth transition.
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.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements regarding
future events that involve risks and uncertainties that could cause
actual results or events to differ materially from the expectations
disclosed in the forward-looking statements. Actual results could
differ materially from these forward-looking statements as a result
of certain factors, including, without limitation, the risks set
forth in Everspin’s Form 10-Q filed with the Securities and
Exchange Commission on May 8, 2020, under the caption “Risk
Factors.” Subsequent events may cause these expectations to change,
and Everspin disclaims 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20200609005160/en/
Everspin Investor Relations Contact: Leanne K. Sievers,
President Shelton Group Investor Relations T: 949-224-3874 E:
sheltonir@sheltongroup.com
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