Credo Technology Group Holding Ltd Announces Appointment of Industry Veteran Clyde Hosein to Board of Directors
02 Avril 2024 - 11:35PM
Business Wire
Credo Technology Group Holding Ltd (“Credo” or the “Company”)
(Nasdaq: CRDO), an innovator in providing secure, high-speed
connectivity solutions that deliver improved power efficiency as
data rates and corresponding bandwidth requirements increase
throughout the data infrastructure market, today announced the
appointment of Clyde Hosein to the Company’s board of directors
effective April 3, 2024.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240401894812/en/
Credo Technology Group Holding Ltd
Announces Appointment of Industry Veteran Clyde Hosein to Board of
Directors (Photo: Business Wire)
“Clyde's appointment to the Credo board underscores our
commitment to strong financial stewardship and strategic growth,"
said Bill Brennan, President and Chief Executive Officer of Credo.
"His extensive experience in navigating complex financial
landscapes will be invaluable as we grow as a company and continue
to advance our mission of providing secure, high-speed connectivity
solutions. On behalf of the entire Company, I am honored to welcome
Clyde to Credo.”
Mr. Hosein commented, “I am honored to join Credo’s board of
directors at this pivotal juncture in the technology industry’s
evolution. The emergence of Generative AI applications underscores
the critical importance of high bandwidth connectivity solutions,
and Credo’s reputation for innovation places it squarely at the
forefront of this transformative landscape. I am eager to
contribute my expertise to help steer the company towards even
greater success.”
About Clyde Hosein
Mr. Hosein has more than 25 years of experience as a chief
financial officer responsible for the finance and accounting
functions of publicly traded companies. He has served on the board
of directors of Dentsply Sirona Inc. (Nasdaq: XRAY), one of the
world’s largest manufacturers of professional dental products and
technologies, since September 2020. He has been a member of the
board of directors of Wolfspeed (NYSE: WOLF), the global leader in
silicon carbide technology, since December 2005.
Most recently he served as Chief Financial Officer of AliveCor
Inc., a medical device and AI company producing ECG hardware and
software for consumer mobile devices, from March 2021 to April
2023. Prior to AliveCor, Mr. Hosein served as Chief Financial
Officer of Automation Anywhere, Inc., an enterprise software
provider of robotic process automation, from December 2017 to March
2021. From August 2013 to May 2017, he served as Executive Vice
President and Chief Financial Officer of RingCentral, Inc. His
other senior level financial positions have included the following:
Chief Financial Officer and Chief Operating Officer of Marvell
Technology Group Ltd., Vice President and Chief Financial Officer
of Integrated Device Technology, Inc., and Chief Financial Officer
at Candescent Technologies. Early in his career, he spent 14 years
in financial and engineering roles at IBM Corporation.
About Credo
Our mission is to deliver high-speed solutions to break
bandwidth barriers on every wired connection in the data
infrastructure market. Credo is an innovator in providing secure,
high-speed connectivity solutions that deliver improved power
efficiency as data rates and corresponding bandwidth requirements
increase exponentially throughout the data infrastructure market.
Our innovations ease system bandwidth bottlenecks while
simultaneously improving on power, security, and reliability. Our
connectivity solutions are optimized for optical and electrical
Ethernet applications, including the emerging 100G (or Gigabits per
second), 200G, 400G, 800G and the emerging 1.6T (or Terabits per
second) port markets. Credo products are based on our proprietary
Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP)
technologies. Our product families include Integrated Circuits
(ICs) for the optical and line card markets, Active Electrical
Cables (AECs) and SerDes Chiplets. Our intellectual property (IP)
solutions consist primarily of SerDes IP licensing.
For more information, please visit https://www.credosemi.com.
Follow Credo on LinkedIn.
Forward-Looking Statements
Certain matters discussed in this press release issued by Credo
may constitute forward-looking statements within the meaning of the
federal securities laws, and could be impacted by a number of
factors, including those described under the section entitled “Risk
Factors” in Credo’s most recent Annual Report on Form 10-K, as such
factors may be updated from time to time in the Company’s periodic
filings with the Securities and Exchange Commission, which are
accessible at www.sec.gov. Credo undertakes no obligation to
publicly update or review any forward-looking statements, whether
as a result of new information, future developments or otherwise,
except as required by applicable law. From time to time, Credo may
use its website as a distribution channel of material Company
information. Credo routinely posts financial and other important
information regarding the Company in the Investor Relations section
of its website at https://investors.credosemi.com/ and encourages
investors to consult that section regularly.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240401894812/en/
Media Contact: Diane Vanasse
diane.vanasse@credosemi.com
Investor Contact: Dan O’Neil dan.oneil@credosemi.com
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