MACOM Announces Appointment of Raj Shanmugaraj to its Board of Directors
January 04 2024 - 4:05PM
Business Wire
MACOM Technology Solutions Holdings, Inc. (“MACOM”) (NASDAQ:
MTSI), a leading supplier of semiconductor products, today
announced the appointment of Murugesan “Raj” Shanmugaraj as an
independent director to MACOM’s Board of Directors (the “Board”),
effective January 4, 2024. Mr. Shanmugaraj will serve on the
Compensation and Nominating and Governance Committees of the
Board.
Mr. Shanmugaraj brings extensive telecommunications experience
to the Board, having led the development of innovative products,
including packet switching and optical systems and components. Mr.
Shanmugaraj currently serves as the Senior Vice President and
General Manager of the Coherent Products and Components Group at
Cisco Systems, Inc. (“Cisco”), which he joined in March 2021 when
Acacia Communications, Inc. (“Acacia”), was acquired by Cisco. Mr.
Shanmugaraj served as President and Chief Executive Officer and a
member of the board of directors of Acacia for over ten years. In
2017, Mr. Shanmugaraj was awarded the Ernst & Young
Entrepreneur of the Year Regional Award.
Prior to joining Acacia, Mr. Shanmugaraj served in leadership
roles for various technology companies, including Alcatel-Lucent
and as the founder and Chief Executive Officer of Astral Point
Communications. Mr. Shanmugaraj holds an M.S. in electrical and
computer engineering from the University of Iowa and a B.E.
(Honors) in electronics and communications from the National
Institute of Technology, Trichy.
“We are pleased to welcome Raj to MACOM’s Board of Directors,”
said Stephen G. Daly, President, Chief Executive Officer and Chair
of the Board. “Raj has a track record of successful leadership and
extensive industry experience, and we look forward to his future
contributions.”
About MACOM
MACOM designs and manufactures high-performance semiconductor
products for the Telecommunications, Industrial and Defense and
Datacenter industries. MACOM services over 6,000 customers annually
with a broad product portfolio that incorporates RF, Microwave,
Analog and Mixed Signal and Optical semiconductor technologies.
MACOM has achieved certification to the IATF16949 automotive
standard, the ISO9001 international quality standard and the
ISO14001 environmental management standard. MACOM operates
facilities across the United States, Europe, Asia and is
headquartered in Lowell, Massachusetts. To learn more visit
www.macom.com.
Special Note Regarding Forward-Looking Statements
This press release contains forward-looking statements based on
MACOM management’s beliefs and assumptions and on information
currently available to our management. These forward-looking
statements include, among others, statements about MACOM’s
strategic plans and priorities, information concerning Mr.
Shanmugaraj’s expertise and expected future contributions to
MACOM’s Board.
These forward-looking statements reflect MACOM’s current views
about future events and are subject to risks, uncertainties,
assumptions and changes in circumstances that may cause those
events or our actual activities or results to differ materially
from those indicated by the forward-looking statements, including,
among other things, our ability to develop new products and achieve
market acceptance of those products; component shortages or other
disruptions in our supply chain, including as a result of
geopolitical unrest or otherwise; inflationary pressures; any
failure to accurately anticipate demand for our products and
effectively manage our inventory; our dependence on a limited
number of customers; risks related to any weakening of economic
conditions; our ability to compete effectively; and those other
factors described in “Risk Factors” in MACOM’s filings with the
Securities and Exchange Commission (“SEC”), including its Annual
Report on Form 10-K, its Quarterly Reports on Form 10-Q and other
filings with the SEC. These forward-looking statements speak only
as of the date of this press release, and MACOM undertakes no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240104434947/en/
MACOM Technology Solutions Holdings, Inc. Stephen Ferranti Vice
President, Strategic Initiatives and Investor Relations P:
978-656-2977 E: stephen.ferranti@macom.com
MACOM Technology Solutions (NASDAQ:MTSI)
Historical Stock Chart
From Mar 2024 to Apr 2024
MACOM Technology Solutions (NASDAQ:MTSI)
Historical Stock Chart
From Apr 2023 to Apr 2024