Enovix Announces Farhan Ahmad as Chief Financial Officer
June 29 2023 - 4:01PM
Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon
battery company, today announced the appointment of Farhan Ahmad as
Chief Financial Officer, replacing Steffen Pietzke, who is stepping
down effective July 9, 2023. Pietzke will stay on as a consultant
for up to six months to ensure a smooth transition.
“Steffen has been instrumental through major financial events
including taking Enovix public and we are thankful for his
service,” said Dr. Raj Talluri, President and CEO at Enovix. “I am
pleased Farhan will join the company. He brings financial
leadership expertise, most recently at Micron, where he helped
shape the company’s strategic roadmap.”
Mr. Ahmad joins Enovix from Micron, where he held several
leadership roles from 2018 to 2023. Most recently he was Vice
President, Investor Relations and Finance Strategy, where he was
responsible for driving long range strategic planning and cost
competitiveness. From 2011-2018, Mr. Ahmad worked at Credit Suisse
as an Equity Analyst covering a wide range of stocks across
Semiconductors, Semiconductor Capital Equipment and Cleantech. From
1999 to 2011 Mr. Ahmad was at Applied Materials in a variety
of roles including Engineering, Product Management and Strategic
Marketing. He has been granted three patents in semiconductor
processing technology. Mr. Ahmad holds a Bachelor of Technology in
Chemical Engineering from the Indian Institute of Technology Kanpur
and an MBA from UC Berkeley.
“With its differentiated technology and strong demand, I believe
Enovix is poised to create long-term shareholder value and I’m
thrilled to join the company at such an exciting time,” said Mr.
Ahmad. “I’m looking forward to working with the team and helping
the company achieve its growth and financial goals.”
About EnovixEnovix is on a mission to power the
technologies of the future. Everything from IoT, mobile and
computing devices, to the vehicle you drive, needs a better
battery. The company’s disruptive architecture enables a battery
with high energy density and capacity without compromising safety.
Enovix is scaling its silicon-anode, lithium-ion battery
manufacturing capabilities to meet customer demand. For more
information visit www.enovix.com and follow us on LinkedIn.
Forward Looking Statements This press release
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, about us and our
industry that involve substantial risks and uncertainties.
Forward-looking statements generally relate to future events or our
future financial or operating performance. In some cases, you can
identify forward-looking statements because they contain words such
as “will,” “goal,” “prioritize,” “plan,” “target,” “expect,”
“focus,” “look forward,” “opportunity,” “believe,” “estimate,”
“continue,” “anticipate,” and “pursue” “believe”, “will”, “may”,
“estimate”, “continue”, “anticipate”, “intend”, “should”, “plan”,
“expect”, “predict”, “could”, “potentially", “target”, “project”,
“evaluate,” “emerge,” “focus,” “goal” or the negative of these
terms or similar expressions. Forward-looking statements in this
press release include, but are not limited to, statements regarding
our plans for the company on a prospective basis. Actual results
could differ materially from these forward-looking statements as a
result of certain risks and uncertainties. For additional
information on these risks and uncertainties and other potential
factors that could affect our business and financial results or
cause actual results to differ from the results predicted, please
refer to our filings with the Securities and Exchange Commission
(the “SEC”), including in the “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” sections of our most recently filed annual periodic
reports on Form 10-K and quarterly report on Form 10-Q and other
documents that we have filed, or that we will file, with the SEC.
Any forward-looking statements made by us in this press release
speak only as of the date on which they are made and subsequent
events may cause these expectations to change. We disclaim 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.
For investor inquiries, please contact:
Enovix CorporationCharles AndersonPhone: +1 (612) 229-9729Email:
canderson@enovix.com
The Blueshirt GroupGary Dvorchak, CFAPhone: (323) 240-5796Email:
gary@blueshirtgroup.com
For media inquiries, please contact:
Enovix CorporationKristin AtkinsPhone: +1 (650) 815-6934Email:
katkins@enovix.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5efcad7e-360a-4f33-91ff-bb34b5443754
Enovix (NASDAQ:ENVX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Enovix (NASDAQ:ENVX)
Historical Stock Chart
From Jul 2023 to Jul 2024