Adesto Appoints Two New Board Members
July 30 2019 - 9:00AM
Adesto® Technologies Corporation (NASDAQ: IOTS), a leading provider
of innovative application-specific semiconductors and embedded
systems for the IoT, announced that Hervé Fages, executive vice
president and president of applied product technologies for Evoqua
Water Technologies, and Susan Uthayakumar, president of Schneider
Electric Canada, have joined its Board of Directors. These
appointments bring the total number of Board members to seven.
“We are delighted to welcome Susan and Hervé to the Board,” said
Narbeh Derhacobian, president and CEO, Adesto. “These accomplished
executives bring a wealth of expertise and strategic vision from
tier one industrial companies. As we continue to execute on our
mission of addressing the needs of IoT proliferation and adoption,
especially within industrial segments, the addition of these board
members will significantly enrich our view of how to best serve our
customers.”
“I am excited to work closely with Adesto as it proceeds to its
next level of growth,” said Mr. Fages. “The company is moving
quickly to address a growing opportunity in the Internet of Things,
with a powerful value proposition especially in global industrial
markets. Adesto has the right management team, culture, and
technology to make a real difference for its customers.”
“The world is transforming through digitization, urbanization
and connectivity,” said Ms. Uthayakumar. “Against this backdrop,
Adesto’s open solutions for the IoT edge can be used to help
customers make faster, more informed business decisions and achieve
increased efficiencies. I am excited to be part of the future
journey with Adesto as it helps customers embrace the IoT.”
About Hervé FagesMr. Fages has more than 25
years’ experience in the industrial market. Prior to joining Evoqua
in March 2019, he served as a president for Honeywell
International, Inc., where, starting in July 2017, he led the
connected building software transformation throughout the Home and
Home Building Technologies Division. He previously held senior vice
president roles at Schneider Electric and positions at Tyco and
Sensormatic, with experience working in Europe, the Middle East,
Asia and the Americas. He holds a bachelor’s degree from
Montpellier University, France. He also currently serves on the
board for Mission 500, a nonprofit that works closely with the
security industry to serve the needs of children living in severe
poverty across the United States.
About Susan UthayakumarMs. Uthayakumar brings a
combination of industrial market and operational expertise to
Adesto. She has been with Schneider Electric for the past 15 years
working in both the United States and Canada in executive
financial, sales and business development leadership roles. Prior
to that, Ms. Uthayakumar led strategy and M&A projects globally
with McCain Foods Limited, and worked with global advisory firm
Deloitte. She has an Executive MBA from the Kellogg School of
Management at Northwestern with a focus on international business
practices; a Master of Accounting (MAcc) and Bachelor of Arts
degrees from the University of Waterloo. She holds Board positions
with Building Energy Innovators Council, Center for Urban Energy at
Ryerson University, Electro Federation of Canada, and the
France-Canada Chamber of Commerce.
About Adesto Technologies Corp.Adesto
Technologies Corporation (NASDAQ:IOTS) is a leading provider of
innovative application-specific semiconductors and embedded systems
for the IoT. The company’s technology is used by more than 5,000
customers worldwide who are creating differentiated solutions
across industrial, consumer, medical and communications markets.
With its growing portfolio of high-value technologies, Adesto is
helping its customers usher in the era of the Internet of
Things.
See: www.adestotech.com
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Adesto and the Adesto logo are trademarks of Adesto Technologies
Corporation or its subsidiaries in the United States and other
countries. Other company, product, and service names may be
trademarks or service marks of others.
Adesto Technologies Media Contact:Jen
Bernier-Santarini+1 650-336-4222jen.bernier@adestotech.com
Adesto Technologies Investor Relations:Leanne
K. Sievers Shelton Group949-224-3874sheltonir@sheltongroup.com
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