Semtech Adds Experienced Finance Leader to Board of Directors
04 Dezember 2023 - 1:01PM
Business Wire
Finance Executive Julie Garcia Ruehl Joins
Semtech
Semtech Corporation (Nasdaq: SMTC), a high-performance
semiconductor, IoT systems and cloud connectivity service provider,
today announced the appointment of Julie Garcia Ruehl to the
Company’s board of directors, effective December 1, 2023. Ms. Ruehl
has extensive experience as a CFO and across multiple industries
including specialty finance, consumer products, electronics
manufacturing services, digital engineering services and ecommerce.
Ms. Ruehl will also join the audit committee of the board.
"We are excited to appoint Julie to our board of directors,”
said Rockell N. Hankin, Chairman of the Board. “Her extensive
experience both as a CFO and CAO, particularly at public companies,
will bring tremendous value to Semtech. The diversity of her
industry experience will bring a fresh perspective as we drive to
restore shareholder value.”
"I am honored to be joining to Semtech’s board of directors at
this important time in the company’s history. I look forward to
helping the company as it capitalizes on its strong technology
heritage and the attractive opportunities presented by the
fast-paced and continually evolving semiconductor industry,” said
Ms. Ruehl.
The appointment of Ms. Ruehl comes after the July appointment of
Dr. Hong Hou to the board of directors. With this latest
appointment, the number of directors on Semtech’s board will now be
12.
About Julie Garcia Ruehl
Julie Garcia Ruehl has 25+ years of finance leadership
experience, including as CFO and CAO at public and private equity
backed companies and as an audit partner at Arthur Andersen. She
currently serves as an independent director for one public company
and one private equity backed company as well as recently serving
as an independent director for a second private equity backed
company. Her background includes specialty finance, consumer
products, electronics manufacturing services, digital engineering
services and ecommerce. She has held positions at Fly Leasing
(formerly NYSE:FLY), Big Heart Pet Brands (formerly Del Monte
Corp.) and Sanmina.
About Semtech
Semtech Corporation (Nasdaq: SMTC) is a high-performance
semiconductor, IoT systems, and cloud connectivity service provider
dedicated to delivering high-quality technology solutions that
enable a smarter, more connected, and sustainable planet. Our
global teams are committed to empowering solution architects and
application developers to develop breakthrough products for the
infrastructure, industrial and consumer markets. To learn more
about Semtech technology, visit us at Semtech.com or follow us on
LinkedIn or X.
Forward-Looking and Cautionary Statements
All statements contained herein that are not statements of
historical fact, including statements that use the words “will” or
other similar words or expressions, that describe the Company’s
future plans, objectives or goals are “forward-looking statements”
and are made pursuant to the Safe-Harbor provisions of the Private
Securities Litigation Reform Act of 1995, as amended. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that could cause the actual results
of the Company to be materially different from the historical
results and/or from any future results or outcomes expressed or
implied by such forward-looking statements. Such factors include,
but are not limited to: the Company's ability to comply with the
covenants under the agreements governing its indebtedness; the
Company's ability to forecast and achieve anticipated net sales and
earnings estimates in light of periodic economic uncertainty; the
inherent risks, costs and uncertainties associated with integrating
Sierra Wireless, Inc. successfully and risks of not achieving all
or any of the anticipated benefits or the risk that the anticipated
benefits may not be fully realized or take longer to realize than
expected; the uncertainty surrounding the impact and duration of
supply chain constraints and any associated disruptions; export
restrictions and laws affecting the Company's trade and investments
and tariffs or the occurrence of trade wars; worldwide economic and
political disruptions, including as a result of inflation and
current geopolitical conflicts; tightening credit conditions
related to the United States banking system concerns; competitive
changes in the marketplace including, but not limited to, the pace
of growth or adoption rates of applicable products or technologies;
downturns in the business cycle; decreased average selling prices
of the Company’s products; the Company’s reliance on a limited
number of suppliers and subcontractors for components and
materials; changes in projected or anticipated end-user markets;
future responses to and effects of public health crises; and those
factors set forth under "Risk Factors" in the Company’s Annual
Report on Form 10-K for the fiscal year ended January 29, 2023
filed with the Securities and Exchange Commission (the “SEC”) on
March 30, 2023, as such risk factors may be amended, supplemented
or superseded from time to time by other reports the Company files
with SEC. The Company assumes no obligation to update any
forward-looking statements in order to reflect events or
circumstances that may arise after the date of this release, except
as required by law.
Semtech and the Semtech logo are registered trademarks or
service marks of Semtech Corporation or its subsidiaries.
SMTC-F
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version on businesswire.com: https://www.businesswire.com/news/home/20231201543916/en/
Sara Kesten 805-480-2004 webir@semtech.com
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