Mark Adams Named as New CEO of Clever Global Holdings

Mark Adams 1200x1500

Mark Adams will be joining the corporation as President and Chief Government Officer effective August 31, 2020. Mr. Adams will also be signing up for SMART’s Board of Administrators.

Ajay Shah to Go on to Guide the Board as Executive Chairman 

Modifications Powerful August 31, 2020

NEWARK, Calif., Aug. 13, 2020 (World NEWSWIRE) —  Smart World-wide Holdings, Inc. (“SMART” or the “company”) (NASDAQ: SGH) right now declared that Mark Adams will be joining the organization as President and Chief Govt Officer powerful August 31, 2020. Mr. Adams will also be becoming a member of SMART’s Board of Directors. Ajay Shah, SMART’s existing President and CEO, will keep on to lead the Board as the Executive Chairman. 

Mr. Adams provides many years of working experience to this function and has a verified observe record of major globe course businesses in the semiconductor and computing industry owning served as CEO of Lumileds and President of Micron Technological innovation.

“After a thorough analysis system, the board is happy that Mr. Adams has agreed to believe leadership of Intelligent World wide Holdings as we proceed our expansion and diversification system,” claimed Mr. Shah. “Mark’s extensive knowledge in the spots of strategic advancement, finance, functions, and gross sales and marketing and advertising, have prepared him to direct Clever in both of those current corporations and into new marketplaces. Mark’s M&A knowledge also matches well with the company’s continuing designs for diversification and expansion,” Mr. Shah added.

“I am energized to be in a placement to lead the Good crew as the enterprise carries on its progress and diversification strategy,” Mr. Adams commented. “SMART has a long historical past of field leading specialty items, operational excellence, offer chain expertise and successes with some of the premier electronic programs OEMs, as properly as with business, federal government and university consumers. I look forward to using this nicely-founded corporation to the next degree, to finding methods to offer additional items and products and services to SMART’s world buyer foundation and to boosting the company’s worth for its shareholders.”

Mr. Adams served as the CEO of Lumileds, Inc. from February 2017 right up until March 2019. Formerly, Mr. Adams served as President of Micron Know-how, Inc. from February 2012 to February 2016. From 2006 to February 2012, Mr. Adams served in a variety of positions at Micron Technological know-how, Inc., including as Vice President of All over the world Income and Vice President of Digital Media. Prior to signing up for Micron Technologies, Inc., Mr. Adams served as COO of Lexar Media, Inc. in 2006. Mr. Adams also served as Vice President of Product sales and Marketing and advertising of Resourceful Labs, Inc. from 2002 to 2006 and held various roles at Innovative Labs prior to 2002 such as 5 years as Standard Manager of Latin The united states. Prior to Inventive Labs, Mr. Adams put in five many years in major account gross sales at NCR Company in their business server business.

Mr. Adams is now a member of the Board of Administrators of Seagate Technologies PLC and Cadence Style and design Systems, Inc. Mr. Adams has a Grasp of Small business Administration from Harvard College focused in finance, and intercontinental internet marketing.

About Clever World-wide Holdings
The Sensible strains of business enterprise are primary designers and manufacturers of digital products and solutions targeted on memory and computing technological innovation regions. The Company specializes in application precise product development and assistance for prospects in organization, authorities and OEM income channels. Customers depend on Smart as a strategic provider with top tier customer provider, merchandise high quality, and technological assist with engineering, gross sales, manufacturing, provide chain and logistics capabilities around the world. The Business targets clients in markets these as communications, storage, networking, cellular, industrial automation, industrial online of points, governing administration, armed service, edge computing and superior functionality computing.  Sensible operates in three primary item regions: Specialty Memory products, Brazil items and Specialty Compute and Storage Remedies.

See www.smartgh.com, www.smartm.com, www.smartembedded.com, www.smartsscs.com and www.penguincomputing.com for additional info.

Trader Call:
Suzanne Schmidt
Investor Relations for Good World-wide Holdings, Inc.
(510) 360-8596
[email protected]

A photo accompanying this announcement is obtainable at https://www.globenewswire.com/NewsRoom/AttachmentNg/6a82accc-f054-4bbc-8ed6-450522a44c25