Navitas Semiconductor has announced the appointment of Cristiano Amoruso to the company’s board of directors, starting immediately.
Mr. Amoruso was most recently the CEO of Suniva, Inc., the biggest private manufacturer of solar photovoltaic semiconductors in the United States, and a partner at Lion Point Capital, L.P., a global investment firm.
He is an accomplished investor with extensive operational experience and a proven track record of wealth creation in the technology and renewable energy industries for both public and private enterprises.
In conjunction with his appointment to the board, Mr. Amoruso will run for election as an independent Class I director at the company’s 2025 annual stockholders’ meeting, alongside Gene Sheridan and Ranbir Singh.
Additional information will be disclosed in Navitas’ definitive proxy statement for the meeting, which will be filed with the US Securities and Exchange Commission (SEC).
Leadership Comments
Mr. Amoruso commented, “Navitas’ gallium nitride (GaN) and silicon carbide (SiC) products have tremendous untapped potential and are accelerating a paradigm shift across the entire technology hardware industry, especially in power intensive applications like datacenters, solar power plants and electric vehicles. I am excited to join the Navitas board and look forward to working with management and my fellow directors to create long-term value.”
“We are glad to welcome Cristiano to the board at this pivotal time for Navitas,” said Richard Hendrix, chair of the Navitas board. “Cristiano brings meaningful experience driving growth at semiconductor companies, and we are confident he will contribute to our efforts to capture the multi-billion dollar market opportunity ahead of us. Importantly, Cristiano’s appointment builds on our recent actions to strengthen our corporate governance and accelerate our path to profitability for the benefit of our stockholders.”
