Everspin appoints Sanjeev Aggarwal to its Board of Directors as CEO alongside Darin Billerbeck remaining as Executive Chairman

– USA, AZ –  Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced the appointment of Sanjeev Aggarwal to its Board of Directors as President and CEO, effective March 14, 2022.

Concurrently, Darin Billerbeck, the Board Executive Chairman, and Interim CEO will resign as Interim CEO and will continue to serve as Executive Chairman.

Mr. Aggarwal is also being elected as a member of Everspin’s board of directors, effective March 14, 2022.

“I am excited by the appointment of Sanjeev to continue to drive our strategy to expand our product footprint, grow our IP revenue, and generate positive cash from operations. Sanjeev has been with the company since 2008 and held various leadership positions, including most recently as our CTO. Sanjeev’s primary focus will be on the execution of the company’s annual operating plan, while we partner on longer term strategic initiatives,” said Executive Chairman,  Darin Billerbeck.

About Sanjeev Aggarwal

Sanjeev Aggarwal brings over 25 years of expertise in the non-volatile memory and semiconductor industry. He has contributed significantly in shaping Everspin since its inception in 2008 in various leadership positions. Mr. Aggarwal currently serves as CTO and VP, Operations & Technology R&D managing manufacturing operations and supply chain, driving technology development and business agreements with partners, vendors, and suppliers. Before that, he was VP, Manufacturing and Process Development.

Mr. Aggarwal has a Ph.D. in Materials Science and Engineering from Cornell University and has authored over 100 issued patents and over 100 peer-reviewed publications.

About Everspin Technologies

Everspin Technologies, Inc. is the world’s leading provider of Magnetoresistive RAM. Everspin MRAM delivers the industry’s most robust, highest performance non-volatile memory for Industrial IoT, Data Center, and other mission-critical applications where data persistence is paramount. Headquartered in Chandler, Arizona, Everspin provides commercially available MRAM solutions to a large and diverse customer base.

For more information: https://www.everspin.com/

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