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FREMONT, Calif., February
2, 2009 - 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
“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.
For more information
The BlueShirt Group for SMART Modular Technologies
+1 415 217-7722 firstname.lastname@example.org