Enovix Corp (ENVX)

[XenaLives]

Management shakeup:

Enovix Announces CTO and CCO Transitions
Jan 23, 2023
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FREMONT, Calif., Jan. 23, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced that Ashok Lahiri will retire as Chief Technology Officer (CTO), effective February 1, 2023, but will continue to support the company by leading its technical advisory board, in addition to other advisory and support roles.

Enovix also announced that Chief Commercial Officer Cam Dales will also depart on February 1, 2023. Ralph Schmitt, Enovix’s current Senior Vice President of Sales and Business Development, will succeed Dales as Chief Commercial Officer, also effective February 1, 2023.

“Enovix is fortunate to have a strong team in place to execute on our plans to take our groundbreaking battery technology and scale up manufacturing in the coming years,” said Raj Talluri, President and CEO of Enovix. “I want to thank Ashok and Cam for putting Enovix in a leadership position and I look forward to Ashok’s continuing involvement.”

Talluri continued, “As we move this breakthrough technology from the business development phase to the volume production phase, an organization that is nimble and customer focused is what Enovix needs. Collapsing all commercial functions under an experienced leader like Ralph is ideal.”

Lahiri said, “I believe Enovix has the technology to win, and I want to remain close to it with my new advisory role. After spending the last 16 years building the company from scratch, now is a good time for me personally to retire from the CTO position as Enovix has a seasoned, well-established engineering and technical leadership team.”

Dales said, “After almost 14 years building our commercial strategy and team, now is a good time for me personally to step aside. Enovix customers and partners are in great hands with Ralph leading the commercial team and Raj positioning the company to scale.”

Schmitt has served in his current role at Enovix since January 2021. Prior to joining Enovix, he served as CEO of multiple semiconductor companies, including PLX Technology (acquired by Broadcom) and OCZ Technology (acquired by Toshiba). Schmitt spent the earlier part of his career at Cypress Semiconductor, including as Executive Vice President of Sales, Marketing and Business Development.

https://ir.enovix.com/news-releases/news-release-details/enovix-announces-cto-and-cco-transitions