Toronto, ON, Canada – POET Technologies Inc., a semiconductor company, announced major changes to its board of directors and changes to the slate of board candidates for the annual general meeting.[break]
Ajit Manocha joins POET as Executive Vice Chairman.
Mr. Manocha was most recently CEO of GlobalFoundries, the second - July 8, 2014, Toronto, ON, Canada – POET Technologies Inc., a semiconductor company, announced major changes to its board of directors and changes to the slate of board candidates for the annual general meeting.
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Ajit Manocha joins POET as Executive Vice Chairman.
Mr. Manocha was most recently CEO of GlobalFoundries, the second-largest semiconductor foundry in the world, formerly the manufacturing arm of Advanced Micro Devices (AMD), and expanded via the acquisition of Chartered Semiconductor. Mr. Manocha continues in a role as advisor with GlobalFoundries.
Prior to his tenure at GlobalFoundries, Mr. Manocha was an advisor to Advanced Technology Investment Company and Executive Vice President of Worldwide Operations at Spansion, where he managed global IC manufacturing, and supply chain management for its semiconductor division.
Earlier he was Executive Vice President and Chief Manufacturing Officer at Philips Semiconductors (now NXP). He has also worked at AT&T Microelectronics and AT&T Bell Laboratories. Mr. Manocha also serves on the Board of Directors for SVTC Technologies and Signet Solar.
He was previously on the boards of International Sematech, the Crolles Alliance, Advanced Semiconductor Manufacturing Corporation (ASMC) and served as Chairman of the Board of Directors of Systems-on-Silicon Manufacturing Company (SSMC) in Singapore. Since 2012, Mr. Manocha has also served on the U.S. Presidential Committee for Advanced Manufacturing Partnership.
Mark Benadiba has announced his retirement from the Board, vacating the Executive Vice Chairman position now occupied by Mr. Manocha.
Mr. Benadiba was, along with Mr. Copetti and Samuel Peralta, part of a re-invigorated Board of Directors that in 2012, recognized the inherent value in the semiconductor intellectual property held by the Company. He served as Chairman and Vice Chairman of the Company, setting the groundwork and the impetus for its new strategic direction.
Board Candidate Changes for Annual General Meeting
Sheldon Inwentash has been endorsed by the Board as a new candidate for the Board of Directors to be elected at the Annual General Meeting (AGM) on August 12, 2014.
Mr. Inwentash is Chairman and CEO of Pinetree Capital Ltd., a diversified strategic investment, financial advisory and merchant banking firm, and a major shareholder of POET. Mr. Inwentash brings more than 25 years of experience in the investment industry and a deep understanding of progressive investment and financial management strategies.
Leon Pierhal has decided not to stand for re-election to the Board of Directors.
Mr. Pierhal has been the Chief Executive Officer and President at OPEL Solar Inc. since May 2010. Mr. Pierhal has been the President of ODIS Inc. since April 2008. He served as the President and Chief Operating Officer of OPEL Technologies, Inc., from January 1, 2007 to April 2008.
Mr. Pierhal has more than forty years of management experience in Semi-Conductor, Telecommunications and Computing Technology development companies such as Amdahl Corporation, Intel Corporation, Masstor Systems Corporation, and Jupiter Technology. He served as the Vice President of Sales for the Communications Division of Amdahl Corporation.
He served as a Vice President of Marketing and Sales for Jupiter Technology and was instrumental in arranging the sale of Jupiter to Intel for nearly three times gross sales. He served as the President of the Commercial Systems Division of Masstor Corporation. As a senior management executive with broad international experience, Mr. Pierhal has had direct responsibility for P&L, sales and marketing, and corporate development for several major companies requiring strategic expertise. ■
LATEST MOVES FROM Toronto, ON, Canada – POET Technologies Inc., a semiconductor company, announced major changes to its board of directors and changes to the slate of board candidates for the annual general meeting.[break]
Ajit Manocha joins POET as Executive Vice Chairman.