– USA, CA – Immersion Corp. (NASDAQ: IMMR), the leading developer and licensor of touch feedback technology, today announced that Sharon Holt has joined its Board of Directors, effective August 2, 2016.
“Sharon’s perspective and advice will be critical as we grow and monetize our IP business,” explained Immersion President and CEO, Victor Viegas. “Her wealth of experience with IP and solutions licensing from her days at Rambus, along with her sales and operational leadership background, make her an outstanding addition to the board.”
”Sharon’s background aligns with Immersion’s strategy,” said Immersion chairman of the board, Carl Schlachte. “Her success in growing an IP business and her extensive background in bringing new and innovative emerging technologies to market will help Immersion as we continue to define, develop and license haptics technologies around the world.”
From 2004 to 2012, Sharon was Senior Vice President at Rambus, where she rose to become General Manager of the $300 million Semiconductor Business Group. She also led Rambus’ licensing, business development and marketing functions. Sharon restructured the business to fuel future growth, bring more solutions to the market and reduce the dependence on legal outcomes. Prior to Rambus, Ms. Holt was an executive at Agilent Technologies, her last position being Vice President & General Manager of Americas Field Operations, overseeing sales and technical support operations for the $2 billion semiconductor business. She also spent 13 years at HP in Applications Engineering, Sales and Distribution Management for the Semiconductor Products Group.
”I’m excited to join the board of such an innovative company, and a market leader,” said Ms. Holt. “Immersion’s IP portfolio provides an expansive opportunity to create and deliver compelling solutions to its customers, while at the same time, fueling the growth of its partners. Immersion is uniquely positioned to increase penetration in existing businesses as well as lead the development of haptics solutions in new and emerging areas such and virtual reality and augmented reality. It’s an exciting time to be part of Immersion, and I look forward to contributing to the company’s growth.”
Ms. Holt becomes Immersion’s sixth independent board member, joining Chairman Carl Schlachte, chairman, president and CEO of Ventiva; Jack Saltich, former chairman and chief executive officer of Vitex Systems; David Sugishita, past chairman of Atmel; David Habiger, former CEO of NDS Group and Sonic Solutions; and John Veschi, former CEO of Rockstar Consortium. Ms. Holt has been appointed as a member of the compensation committee.
Immersion Corporation (NASDAQ: IMMR) is the leading innovator of touch feedback technology, also known as haptics. The company provides technology solutions for creating immersive and realistic experiences that enhance digital interactions by engaging users’ sense of touch. With more than 2,200 issued or pending patents, Immersion’s technology has been adopted in more than 3 billion digital devices, and provides haptics in mobile, automotive, advertising, gaming, medical and consumer electronics products. Immersion is headquartered in San Jose, California with offices worldwide.
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