FREMONT, CA -- (Marketwire) -- 02/02/09 -- SMART Modular Technologies (WWH), Inc.
("SMART") (NASDAQ: SMOD), a leading independent manufacturer of memory
modules, solid state drives, embedded computing subsystems, and TFT-LCD
display products, today announced that SMART's shareholders had elected
Dennis McKenna to SMART's Board of Directors to replace D. Scott Mercer,
who has stepped down. Upon the recommendation of the Nominating and
Corporate Governance Committee, the Board of Directors has appointed Mr.
McKenna to serve on the Audit Committee and the Compensation Committee, in
addition to a newly formed Strategy Committee.
"We're delighted to welcome Dennis to our Board," said Ajay Shah, Chairman
of the Board of SMART. "His 25 years of experience in the electronics
industry covers the electronics supply chain end to end and, among other
areas, includes broad and global experience in sales and marketing,
strategic product development and operations. The addition of Dennis will
expand the depth of expertise at SMART and provide us with a valuable
resource as we continue to drive our business forward."
A 25-year veteran of the electronics industry, Mr. McKenna currently serves
as a consultant to private equity firms engaged in technology investing.
From 2006 to 2007, Mr. McKenna served as Chairman, Chief Executive Officer
and President of Silicon Graphics (NASDAQ: SGIC), a maker of high
performance computing solutions, during its financial restructuring
process. Prior to that, Mr. McKenna served as interim Chief Executive
Officer and President of SCP Global Technologies, a private company
specializing in semiconductor wafer cleaning equipment, during its sale
process in 2005. In 1997, Mr. McKenna founded ChipPAC, a provider of
semiconductor assembly and test services. He took ChipPAC public on the
NASDAQ and served as its Chairman, Chief Executive Officer and President
until its sale in 2004 to form STATSChipPAC.
Mr. McKenna currently serves as Chairman of the Board of Skycross, Inc., a
privately held global wireless company. In addition, he has served on the
Board of Directors of Legerity, Inc., a privately held fabless
semiconductor company, from 2005 until its sale to Zarlink in 2007. Mr.
McKenna holds a bachelor's degree in business administration from Wayne
State University in Detroit, Michigan.
As disclosed in SMART's proxy statement filed last December, Mr. Mercer did
not stand for re-election. Mr. Mercer, who currently serves as Chairman of
the Board and Chief Executive Officer of Conexant Systems, Inc. (NASDAQ: CNXT), completed his term, which ended on January 28, 2009, when SMART held
its annual shareholders' meeting. Commenting on Mr. Mercer's retirement
from SMART's Board of Directors, Shah added, "On behalf of the Board, I
want to acknowledge and express our deep appreciation for Scott's
significant contributions to SMART during his tenure. We will miss his
support and presence on the Board."
About SMART
SMART is a leading independent designer, manufacturer and supplier of
electronic subsystems to original equipment manufacturers, or OEMs. SMART
offers more than 500 standard and custom products to OEMs engaged in the
computer, industrial, networking, gaming, telecommunications, and embedded
application markets. Taking innovations from the design stage through
manufacturing and delivery, SMART has developed a comprehensive memory
product line that includes DRAM, SRAM, and Flash memory in various form
factors. Through its subsidiary, Adtron Corporation, SMART offers high
performance, high capacity solid state drives for enterprise,
defense/aerospace, industrial automation, medical, and transportation
markets. Its Embedded Products Division develops embedded computing
subsystems, backed by design and manufacturing, for markets supporting test
equipment, 3G infrastructure, and network processing applications. SMART's
Display Products Group designs, manufactures, and sells thin film
transistors (TFT) liquid crystal display (LCD) solutions to customers
developing casino gaming systems as well as embedded applications such as
kiosk, ATM, point-of-service, and industrial control systems. SMART's
presence in the U.S., Europe, Asia, and Latin America enables it to provide
its customers with proven expertise in international logistics, asset
management, and supply-chain management worldwide. See www.smartm.com for
more information.
Contact:
Suzanne Craig
The BlueShirt Group for SMART Modular Technologies
+1 415 217-7722
Email Contact