Credo Technology Group Holding Ltd Announces Appointment of Industry Veteran Clyde Hosein to Board of Directors By Investing.com

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SAN JOSE, Calif.–(BUSINESS WIRE)—-Credo Technology Group Holding Ltd (Credo or Company) (Nasdaq: CRDO), a specialist provider of secure, high-speed communications solutions that offer streamlined capabilities such as data rates and requirements bandwidth parallels are increasing in the data processing market, today announced the appointment of Clyde Hosein to the Board of Directors of the Company effective April 3, 2024.

This article contains multimedia. See the full release here: https://www.businesswire.com/news/home/20240401894812/en/

Credo Technology Group Holding (NASDAQ:) Ltd Announces the Appointment of Military Expert Clyde Hosein to its Board of Directors (Image: Business Wire)

Clyde’s appointment to the Credo organization confirms our commitment to sound financial management and healthy growth,” said Bill Brennan, President and Chief Executive Officer of Credo. to advance our mission to provide safe, high-speed solutions. On behalf of the entire Company, I have an opportunity to welcome Clyde to Credo.

Hosein said, I am honored to join Credo’s management team at such an important time in the industry’s technological revolution. The emergence of Generative AI applications confirms the critical need for high-bandwidth communication solutions, and Credo’s reputation for innovation places this dynamic feature at the forefront. I am eager to contribute my expertise to help guide the company to greater success.

About Clyde Hosein

Mr. Hosein has over 25 years of experience as a chief financial officer responsible for the financial and accounting functions of publicly traded companies. He has served on the board of directors of Dentsply Sirona Inc. (Nasdaq: XRAY), one of the world’s largest manufacturers of dental products and technologies, since September 2020. He has been a member of the board of directors of Wolfspeed (NYSE). : NYSE :), world leader in silicon carbide technology, since December 2005.

He recently served as Chief Financial Officer of AliveCor Inc., a medical device and AI company that develops ECG hardware and software for consumer phones, from March 2021 to April 2023. Prior to AliveCor, Mr. Hosein was Chief Financial Officer of Automation. Everywhere, Inc., a robotic process automation software company, from December 2017 to March 2021. From August 2013 to May 2017, he served as Executive Vice President and Chief Financial Officer of RingCentral (NYSE:), Inc. Financial positions include: Chief Financial Officer and Chief Operating Officer of Marvell (NASDAQ:) Technology Group Ltd., Vice President and Chief Financial Officer of Integrated Device Technology, Inc., and Chief Financial Officer at Candescent Technologies. Early in his career, he spent 14 years in finance and engineering IBM (NYSE:) Corporation.

About Credo

Our goal is to provide high-speed solutions to break bandwidth barriers for every connection in the data market. Credo is a pioneer in providing secure, high-speed solutions that provide increased capacity as data volumes and bandwidth requirements increase exponentially in the data market. Our innovations reduce bandwidth bottlenecks while simultaneously improving performance, security, and reliability. Our connectivity solutions are optimized for optical and Ethernet networks, including 100G (or Gigabits per second), 200G, 400G, 800G and the emerging 1.6T (or Terabits per second) markets. Credo products are based on our Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Our product families include Integrated Circuits (ICs) for the optical and line card markets, Integrated Electrical Cables (AECs) and SerDes Chiplets. Our intellectual property (IP) solutions are developed primarily through SerDes IP licensing.

For more information, please visit https://www.credosemi.com. Follow the Credo LinkedIn.

Forward-Looking Comments

Certain matters discussed in Credo’s press release may constitute forward-looking statements within the meaning of federal securities laws, and may be affected by a number of factors, including those described in the Risk Factors section of Credo’s most recent Annual Report. on Form 10-K, as this may be amended from time to time in the Company’s filings with the Securities and Exchange Commission, available at. www.sec.gov. Credo undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. From time to time, Credo may use its website as a means of distributing company information. Credo regularly posts financial and other important Company-related information in the Investor Relations section of its website at https://investors.credosemi.com/ and encourages investors to check this section regularly.

Media Contact:
Diane Vanasse
diane.vanasse@credosemi.com

Investor Relations:
Dan O’Neil
dan.oneil@credosemi.com

Credo Technology Group Holding Ltd.’s photo

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