– USA, CA – Transphorm, Inc. (OTCQX: TGAN), a pioneer in and global supplier of high reliability, high-performance gallium nitride power conversion products, today announced the appointment of Kelly Smales to its Board of Directors effective July 1, 2021.
“We are pleased to welcome Kelly as a new independent director and add her proven financial acumen within the semiconductor industry to Transphorm’s Board,” said CEO, Mario Rivas.
He added: “In addition to valuable industry-specific experience working with companies across the supply chain, she brings a unique perspective and understanding of the financial challenges and opportunities facing fast-growing, emerging semiconductor companies. With her appointment along with our other recent appointments, we have expanded the expertise and depth of our Board, while also underscoring the company’s commitment to our corporate governance initiatives and Board diversification. I look forward to working with Kelly as we continue executing on Transphorm’s strategic growth plan.”
The company also announced that David Kerko resigned from the Board of Directors effective June 30, 2021.
About Kelly Smales
Ms. Smales brings significant industry-specific financial experience with over 30 years as a certified public accountant and serving in senior financial roles across multiple semiconductor companies, including Motorola, Advanced Micro Devices, and GLOBALFOUNDRIES. Most recently, she held the role of CFO at KnuEdge, Inc. (formerly Intellisis), a machine learning hardware and software company. Previously, she was the CFO at Advanced Nanotechnology Solutions Inc., a semiconductor manufacturing start-up company.
Ms. Smales holds a B.S. in Accounting from Arizona State University and an M.B.A. degree from the University of Chicago.
About Transphorm
Transphorm, Inc., a global leader in the GaN revolution, designs and manufactures high-performance and high-reliability GaN semiconductors for high voltage power conversion applications. Having one of the largest Power GaN IP portfolios of more than 1,000 owned or licensed patents, Transphorm produces the industry’s first JEDEC and AEC-Q101 qualified high voltage GaN semiconductor devices. The Company’s vertically integrated device business model allows for innovation at every development stage: design, fabrication, device, and application support. Transphorm’s innovations are moving power electronics beyond the limitations of silicon to achieve over 99% efficiency, 40% more power density, and 20% lower system cost. Transphorm is headquartered in Goleta, California, and has manufacturing operations in Goleta and Aizu, Japan.
For more information: https://www.transphormusa.com/en/
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