MACOM Technology Solutions Holdings, Inc. (โMACOMโ) (NASDAQ: MTSI), a leading supplier of semiconductor products, today announced the appointment of Jihye Whang Rosenband, age 45, as an independent director to MACOMโs Board of Directors (the โBoardโ), effective September 8, 2022. Ms. Rosenband will serve on the Audit and Nominating and Governance Committees of the Board.
Ms. Rosenband brings to MACOMโs Board over 20 years of semiconductor and technology industry experience in various advisory, management and engineering roles. Most recently, Ms. Rosenband was Chief Executive Officer of SPGL Acquisition Corporation. She has been an independent advisor to various companies in the semiconductor and information technology sectors since 2017. Earlier in her career, Ms. Rosenband served in various corporate strategy, business development and engineering roles at HPE Aruba Networks, RPX Corporation, MACOM and Hittite Microwave Corporation. She holds a B.S. and M. Eng. in Electrical Science and Engineering from Massachusetts Institute of Technology and an MBA from Stanford University. Ms. Rosenbandโs appointment is the culmination of a search process led by the Nominating and Governance Committee of the Board, which involved over a dozen potential candidates.
โOn behalf of the entire MACOM Board of Directors, I am pleased to welcome Jihye to our Board,โ said John Ocampo, MACOMโs Chairman of the Board. โJihye has outstanding business acumen and her extensive experience in compound semiconductors, as well as in the hardware and information technology industries, will greatly benefit our Board. She has an established track record of success at both management and executive levels, and we look forward to her future contributions.โ
MACOM also announced that independent Director Gil VanLunsen will be retiring from MACOMโs Board, effective January 31, 2023. Mr. VanLunsen has served as a Director on MACOMโs Board since August 2010. During his twelve year tenure, Mr. VanLunsen has provided invaluable leadership and insights on accounting, financial and governance matters.
โI would like to express my sincere gratitude and thanks to Gil for his many contributions to MACOM and I congratulate him on his distinguished career,โ said Mr. Ocampo. โGilโs leadership and steady guidance have been instrumental to our growth and to the creation of stockholder value. We wish Gil all the best on his upcoming retirement.โ
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 managementโs beliefs and assumptions and on information currently available to our management. These forward-looking statements include, among others, statements about MACOMโs strategic plans and priorities, information concerning Ms. Rosenbandโs expertise and expected future contributions to MACOMโs Board and Mr. VanLunsenโs and the Boardโs contributions to MACOMโs growth and the creation of stockholder value.
These forward-looking statements reflect MACOMโs 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 any failure to anticipate demand for our products; risks related to any weakening of economic conditions, including as a result of the COVID-19 pandemic; our dependence on a limited number of customers; 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 the COVID-19 pandemic; and those other factors described in โRisk Factorsโ in MACOMโs filings with the Securities and Exchange Commission (โSECโ), 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.
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Contacts
MACOM Technology Solutions Holdings, Inc.
Stephen Ferranti
Vice President, Strategic Initiatives and Investor Relations
P: 978-656-2977
E: stephen.ferranti@macom.com
