In a significant development, Enovix Corporation, a prominent player in advanced silicon battery technology, announced the appointment of two industry heavyweights, Joseph Malchow and Bernard Gutmann, to its Board of Directors effective June 22, 2023. With backgrounds in technology investment and the semiconductor industry respectively, these two additions are poised to bring a fresh perspective and valuable expertise to the company's board.
About the Appointments
Joseph Malchow, a founding partner at HNVR Technology Investment Management, and Bernard Gutmann, a former CFO at On Semiconductor, join the board expanding it to eight directors, six of whom are independent. Chairman of the Board, T.J. Rodgers, expressed commitment to the operational success of Enovix and stated that the new appointments enhance the Board's skillset and reaffirm their dedication to driving long-term value to shareholders.
Joseph Malchow: Bringing a Wealth of Tech and Investment Expertise
Joseph Malchow, a Dartmouth College and Stanford University alumnus, has a rich background in venture capital and board-level decision-making. His experience spans various sectors, including computing infrastructure, software-driven business, energy technology, and artificial intelligence. As a board member at Enphase Energy, he helped architect a transformation to software-defined distributed clean energy systems. He has also served on the board of Archaea Energy, a renewable natural gas company, and Rodgers Silicon Valley Acquisition Corp, which completed a business combination with Enovix.
Malchow expressed his enthusiasm about working with the management of Enovix to unlock the potential of software innovation that has been held back by power limitations. He is optimistic about the company's high-speed precision manufacturing approach to batteries, believing it to be a key factor in overcoming these limitations.
Bernard Gutmann: A Semiconductor Industry Veteran
Bernard Gutmann brings to the table nearly 40 years of experience in the semiconductor space. He held the position of Executive Vice President Chief Financial Officer & Treasurer of ON Semiconductor from September 2012 to February 2021. Before that, he held various roles at SCI LLC, including Vice President, Corporate Analysis & Strategy. He also served in various financial positions with Motorola from 1984 to 1999.
Gutmann believes that Enovix has an incredible opportunity to lead the industry, which is in dire need of innovation. He looks forward to working with the management team and guiding the company into an industry-leading global corporation.
Conclusion
With the addition of these two industry veterans to its Board of Directors, Enovix is committed to driving its mission forward: powering the technologies of the future. The company's disruptive architecture enables a battery with high energy density and capacity without compromising safety. With the guidance of Malchow and Gutmann, Enovix is in a strong position to scale its silicon-anode, lithium-ion battery manufacturing capabilities to meet customer demand. The appointments of Malchow and Gutmann not only strengthen the board of Enovix but also sets the stage for promising growth.
