Lantronix Appoints Sailesh Chittipeddi to Its Board of Directors
Rhea-AI Summary
Lantronix (NASDAQ: LTRX) has appointed Dr. Sailesh Chittipeddi to its Board of Directors as an independent director, effective May 6, 2025. This appointment expands the board to five directors, with four being independent. Dr. Chittipeddi, currently a Venture Partner at Novo Tellus Capital Partners, brings extensive experience in technology and global operations.
Most notably, as executive vice president at Renesas Electronics, he led the Industrial, IoT and Infrastructure Business Unit, nearly doubling its revenue to over $7 billion USD. His previous roles include CEO positions at Conexant Systems and leadership positions at AT&T Bell Labs, Lucent Technologies, and Agere Systems. Dr. Chittipeddi holds 83 U.S. patents, has published over 40 technical articles, and brings significant expertise in manufacturing, procurement, and global supply chain strategy.
Positive
- Appointment of highly qualified director with extensive industry experience
- Track record of success - doubled revenue to $7B+ at Renesas Electronics' Industrial Unit
- Strong technical background with 83 U.S. patents and 40+ technical publications
- Expertise in critical areas: manufacturing, procurement, and global supply chain
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, LTRX gained 4.65%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
IRVINE, Calif., May 12, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling Edge AI Intelligence, today announced that Sailesh Chittipeddi, Ph.D., has joined the Lantronix Board of Directors as an independent director, effective May 6, 2025. Following the appointment of Chittipeddi, the Lantronix Board of Directors will be comprised of five directors, four of whom are independent under applicable listing standards of the Nasdaq Stock Market.
“We are very pleased to welcome Dr. Chittipeddi to the Lantronix Board of Directors,” said Hoshi Printer, chairman of the Board at Lantronix. “Dr. Chittipeddi is a respected subject expert in Industrial, IoT and Infrastructure businesses. He also has an extensive background in leading operations, procurement and supply chains globally.”
Dr. Chittipeddi is currently a Venture Partner at Novo Tellus Capital Partners, a Singapore-based private equity firm, and a Board Member at Tessolve, which is headquartered in India. Most recently, he was executive vice president of Global Operations at Renesas Electronics, where he oversaw internal and external manufacturing and associated functions, including supply chain, procurement and related development.
“Lantronix will benefit greatly from Dr. Chittipeddi’s extensive technology and broad industry expertise, including his service on boards of several global companies where he helped drive successful results,” added Saleel Awsare, CEO and president of Lantronix. “With his expertise in manufacturing, procurement, logistics and global supply chain strategy, Dr. Chittipeddi adds a valuable perspective as we navigate complex geopolitical and associated supply chain environment challenges.”
At Renesas, Dr. Chittipeddi also served as executive vice president of its Industrial, IoT and Infrastructure Business Unit. In this capacity, he nearly doubled the revenue to more than
Before his tenures at Renesas and IDT, Dr. Chittipeddi held numerous senior positions at other leading technology companies, including Conexant Systems, where he served as the CEO and president, as well as AT&T Bell Labs, Lucent Technologies and Agere Systems. He has also served on global public and private boards, including Sequans Communications, Tessolve (India), Avalanche Technologies (India), Steradian (India), Blu Wireless Technology (U.K.) and Peraso (Canada).
Dr. Chittipeddi holds an MBA from the University of Texas at Austin and a Ph.D. in Physics from The Ohio State University. He holds 83 U.S. semiconductor process, package and design patents and has published more than 40 technical articles.
About Lantronix
Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix’s advanced solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.
For more information, visit the Lantronix website.
©2025 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.
Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
Lantronix Analyst and Investor Contact:
investors@lantronix.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d04b3fa2-b8d8-4656-adad-c8d4eb6267c4
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