SUNNYVALE, Calif. –– September 14, 2015–– Adesto Technologies, a leading provider of application-specific, feature-rich, ultra-low power non-volatile memory products, today announced that it has added semiconductor industry veterans Francis Lee and Kevin Palatnik to the company’s Board of Directors. The company also noted that Pete Thomas and Matthew Boyle, current members of the Adesto Board, have resigned from their respective positions.
The two new directors bring decades of diverse management experience at leading semiconductor companies to the Board.
“We’re grateful to Pete and Matt for their contributions to Adesto and looking forward to the guidance of our new Board members,” said Narbeh Derhacobian, CEO and Co-Founder of Adesto. “Francis is a seasoned executive who is a recognized leader and brings a wealth of experience and knowledge to our board. Kevin has been a CFO in public semiconductor companies and his financial and business background and skills will be a valuable addition to Adesto. We are excited to have them join us.”
Mr. Lee currently serves as Chairman of the Board of Synaptics, a supplier of human interface solutions. During his tenure at Synaptics, Mr. Lee served as Chief Executive Officer and President of the company. Prior to joining Synaptics, Mr. Lee was General Manager of NSM, a Hong Kong-based joint venture between National Semiconductor Corporation and S. Megga. Prior to NSM, Mr. Lee held a variety of executive positions for National Semiconductor. Mr. Lee holds a Bachelor of Science degree, with honors, in electrical engineering from the University of California at Davis.
Mr. Palatnik was Chief Financial Officer at voice-technology provider, Audience (recently acquired by Knowles Corporation). In his role at Audience, Mr. Palatnik was responsible for managing the company’s finance organization worldwide. Before joining Audience, Mr. Palatnik served as the CFO at Cadence Design Systems, Inc., where he also led the investor relations, information technology and workplace resources groups. Prior to joining Cadence, Palatnik was the CFO for a private application service provider, and held a series of senior financial roles at IBM. Palatnik holds a Bachelor of Science degree in industrial engineering and operations research, as well as a Master of Business Administration from Syracuse University.
“Adesto Technologies has a very talented and experienced executive team,” said Mr. Pete Thomas, who had been a director of the company since its inception. “I’ve enjoyed my tenure on the Board at Adesto while seeing the company grow from an early stage venture to one serving hundreds of customers.”
About Adesto Technologies Corporation
Adesto is a leading provider of application-specific, feature rich, ultralow power non-volatile memory products. The company has designed and built a portfolio of innovative products, including Fusion Serial Flash, DataFlash® and Conductive Bridging RAM (CBRAM®). CBRAM® is a breakthrough technology platform that enables 100 times less energy consumption than today’s memory technologies without sacrificing speed and performance. Founded in 2007 in Sunnyvale, CA, Adesto holds more than 100 patents with dozens more in process and is working with visionary companies across various industries to deploy its technology to the market.