Immersion (IMMR) Names Nancy Erba as CFO

September 7, 2016 4:17 PM EDT

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Immersion Corp. (NASDAQ: IMMR), the leading developer and licensor of touch feedback technology, today announced the appointment of Nancy Erba as Chief Financial Officer, effective Sept. 7, 2016.

Ms. Erba was most recently Vice President of Finance, Corporate Financial Planning and Analysis at Seagate, the global leader of storage solutions. During her 22-year tenure with Seagate, Ms. Erba held Vice President positions in Corporate Development, Business Operations and Planning, and Finance. As Vice President, Finance and Division CFO for Seagate’s Consumer Solutions Division, she built a global finance team that drove revenue planning for its $800M retail business. As Vice President Finance & Division CFO for Strategic Growth Initiatives, she directed all financial functions for their Cloud Systems and Solutions, Electronic Solutions and Mobility businesses, integrating M&A transactions valued at over $750M. In her most recent role, Ms. Erba focused on driving growth initiatives, analytics and resource planning as part of the global executive team. Prior to joining Seagate, she was a Treasury Analyst at Borland International. Ms. Erba holds a Bachelor’s Degree in mathematics from Smith College and a MBA from Baylor University.

“Nancy’s broad financial experience, operational partnering and leadership skills make her uniquely qualified to lead our finance team,” commented Victor Viegas, President and CEO of Immersion. “Her ability to work across executive teams to drive growth and provide financial counsel will be critical as we continue to expand our licensing business and capitalize on new market opportunities. She will be a valued addition to our executive team.”

Ms. Erba commented “It’s a privilege to be joining Immersion and to lead their finance organization as they continue to build and protect customer value and bring new haptic solutions to market. Immersion is an innovative company with a unique vision, and I look forward to being part of the company’s growth.”

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