Enovix (ENVX) names Ajay Marathe COO

Enovix Corporation (Nasdaq: ENVX), a leading next-gen 3D Silicon Lithium-Ion battery design and manufacturing company, announced today that they have named Ajay Marathe as COO reporting to CEO Harold Rust.

Marathe's 38-year career includes stints as COO, CIO and foreign-subsidiary CEO of major technology companies including Western Digital Corporation where he served as SVP of Global Operations, Lumileds LLC as COO and Advanced Micro Devices. Marathe served for 23 years as Thailand Plant Manager at Micro Devices and then VP of Operations. He then became CEO of the AMD India LLC startup created to serve the entire country.

Enovix CEO, Harold Rust said, "We wanted to find a senior semiconductor executive who thinks ‘millions not thousands’ and scored with Ajay, a known Silicon Valley industry figure.”

Enovix Executive Chairman TJ Rodgers said, "When I was Cypress’s CEO, I tried to hire Ajay as the VP of our assembly and test operations in the Far East, but AMD won that battle and kept him with serial promotions for 23 years. Now I'm overjoyed that this deeply talented manufacturing expert is on our team.”

Shares of ENVX are up 7.2% near end of day trading on Thursday.

By Michael Elkins | [email protected]

You May Also Be Interested In

• Warner Music Group CFO and COO Armin Zerza steps down
• Core AI Holdings gets Nasdaq notice for minimum bid price deficiency
• XORTX board chairman Anthony Giovinazzo resigns