Everspin Technologies Announces Departure of Chief Financial Officer
July 18 2024 - 4:05PM
Business Wire
Appoints Matthew Tenorio as Interim Chief
Financial Officer; Reiterates Q2 24 Guidance
Everspin Technologies, Inc. (NASDAQ: MRAM), the world’s leading
developer and manufacturer of Magnetoresistive Random Access Memory
(MRAM) persistent memory solutions, today announced that Matthew
Tenorio has been appointed Interim Chief Financial Officer,
effective July 18, 2024.
Tenorio succeeds Anuj Aggarwal, who is leaving Everspin July 26,
2024, to pursue other opportunities. Everspin has initiated a
search to identify a permanent CFO.
Tenorio rejoined Everspin in June 2024 as an independent
consultant providing services in support of finance operations. He
previously served as the Company’s Corporate Controller, and as
Interim Chief Financial Officer. Prior to his return to Everspin,
Tenorio served as the Director of Finance at Confluent Medical
Technologies and as a Plant Controller at Lucid Motors. Tenorio
spent more than 19 years at Intel Corporation, serving in various
finance management and controller positions, predominantly in the
Technology and Manufacturing Group, where he was responsible for
financial planning, cost and inventory functions. Prior to Intel,
Mr. Tenorio served in finance and engineering positions at Ford
Motor Company.
“On behalf of the Board and management team, I want to thank
Anuj for his many contributions and dedicated hard work over the
past three years,” said Sanjeev Aggarwal, President and Chief
Executive Officer. “Anuj has been an integral member of our
executive team during his tenure as CFO and we wish him well in his
next endeavor.”
The Company currently expects second quarter 2024 results to be
in line with the outlook described in its May 1, 2024 earnings
release.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240718246353/en/
Investor Relations The Blueshirt Group Monica Gould
212-871-3927 ir@everspin.com
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