Navitas Semiconductor Appoints Cristiano Amoruso to Board of Directors
Navitas Semiconductor (NVTS) has appointed Cristiano Amoruso to its board of directors, effective immediately. Amoruso, former CEO of Suniva and partner at Lion Point Capital, brings significant operating expertise in technology and renewable energy industries. The appointment comes at a strategic time as Navitas aims to capitalize on multi-billion dollar market opportunities in GaN and SiC semiconductor technology, particularly for applications in datacenters, solar power plants, and electric vehicles.
Board Chair Richard Hendrix emphasized that Amoruso's appointment strengthens corporate governance and supports the company's path to profitability. Amoruso will stand for election as an independent Class I director at the company's 2025 annual stockholders' meeting alongside Gene Sheridan and Ranbir Singh.
Navitas Semiconductor (NVTS) ha nominato Cristiano Amoruso nel suo consiglio di amministrazione, con effetto immediato. Amoruso, ex CEO di Suniva e partner presso Lion Point Capital, apporta una significativa esperienza operativa nei settori della tecnologia e delle energie rinnovabili. La nomina arriva in un momento strategico, poiché Navitas mira a sfruttare le opportunità di mercato da miliardi di dollari nelle tecnologie dei semiconduttori GaN e SiC, in particolare per applicazioni in data center, impianti solari ed veicoli elettrici.
Il presidente del consiglio Richard Hendrix ha sottolineato che la nomina di Amoruso rafforza la governance aziendale e sostiene il percorso dell'azienda verso la redditività. Amoruso si candiderà come direttore indipendente di Classe I alle elezioni durante l'assemblea annuale degli azionisti del 2025, insieme a Gene Sheridan e Ranbir Singh.
Navitas Semiconductor (NVTS) ha nombrado a Cristiano Amoruso en su junta directiva, con efecto inmediato. Amoruso, ex CEO de Suniva y socio en Lion Point Capital, aporta una amplia experiencia operativa en las industrias de tecnología y energías renovables. Este nombramiento llega en un momento estratégico, ya que Navitas busca aprovechar oportunidades de mercado multimillonarias en la tecnología de semiconductores GaN y SiC, especialmente para aplicaciones en centros de datos, plantas solares y vehículos eléctricos.
El presidente de la junta, Richard Hendrix, destacó que la incorporación de Amoruso fortalece el gobierno corporativo y apoya el camino de la empresa hacia la rentabilidad. Amoruso se presentará como candidato independiente de Clase I en la reunión anual de accionistas de 2025, junto a Gene Sheridan y Ranbir Singh.
Navitas Semiconductor (NVTS)는 즉시 발효되는 이사회 멤버로 크리스티아노 아모루소를 임명했습니다. 아모루소는 전 Suniva CEO이자 Lion Point Capital의 파트너로서 기술 및 재생 에너지 산업에서 풍부한 운영 경험을 보유하고 있습니다. 이번 임명은 Navitas가 데이터센터, 태양광 발전소, 전기차 등 분야에서 GaN 및 SiC 반도체 기술의 수십억 달러 규모 시장 기회를 활용하려는 전략적 시점에 이루어졌습니다.
이사회 의장 리처드 헨드릭스는 아모루소의 임명이 기업 거버넌스를 강화하고 회사의 수익성 달성 경로를 지원한다고 강조했습니다. 아모루소는 2025년 연례 주주총회에서 제1등급 독립 이사로 선출될 예정이며, 진 셰리던 및 란비르 싱과 함께 후보로 나섭니다.
Navitas Semiconductor (NVTS) a nommé Cristiano Amoruso au sein de son conseil d'administration, avec effet immédiat. Amoruso, ancien PDG de Suniva et associé chez Lion Point Capital, apporte une expertise opérationnelle significative dans les secteurs de la technologie et des énergies renouvelables. Cette nomination intervient à un moment stratégique, alors que Navitas cherche à exploiter des opportunités de marché de plusieurs milliards de dollars dans la technologie des semi-conducteurs GaN et SiC, notamment pour des applications dans les centres de données, les centrales solaires et les véhicules électriques.
Le président du conseil, Richard Hendrix, a souligné que la nomination d'Amoruso renforce la gouvernance d'entreprise et soutient la trajectoire de rentabilité de la société. Amoruso se présentera comme administrateur indépendant de classe I lors de l'assemblée générale annuelle des actionnaires de 2025, aux côtés de Gene Sheridan et Ranbir Singh.
Navitas Semiconductor (NVTS) hat Cristiano Amoruso mit sofortiger Wirkung in den Vorstand berufen. Amoruso, ehemaliger CEO von Suniva und Partner bei Lion Point Capital, bringt umfangreiche operative Erfahrung in den Bereichen Technologie und erneuerbare Energien mit. Die Ernennung erfolgt zu einem strategischen Zeitpunkt, da Navitas plant, milliardenschwere Marktchancen in der GaN- und SiC-Halbleitertechnologie zu nutzen, insbesondere für Anwendungen in Rechenzentren, Solarkraftwerken und Elektrofahrzeugen.
Der Vorsitzende des Vorstands, Richard Hendrix, betonte, dass Amorusos Ernennung die Unternehmensführung stärkt und den Weg des Unternehmens zur Profitabilität unterstützt. Amoruso wird bei der Hauptversammlung 2025 als unabhängiger Direktor der Klasse I zur Wahl stehen, zusammen mit Gene Sheridan und Ranbir Singh.
- Appointment of experienced executive with semiconductor industry expertise
- Strategic move to strengthen corporate governance
- Focus on accelerating path to profitability
- Addition of independent director with track record in value creation
- None.
TORRANCE, Calif., May 14, 2025 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the only pure-play, next-generation power semiconductor company and industry leader in gallium nitride (GaN) power ICs and silicon carbide (SiC) technology, today announced the appointment of Cristiano Amoruso to the company’s board of directors, effective immediately.
Mr. Amoruso most recently served as Chief Executive Officer of Suniva, Inc., the largest private U.S.-based manufacturer of solar photovoltaic semiconductors, and as a partner at Lion Point Capital, L.P., a global investment firm. He is an accomplished investor with significant operating expertise and a strong track record of value creation in the technology and renewable energy industries across public and private companies.
“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.”
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.”
In connection with his appointment to the board, Mr. Amoruso will stand for election as an independent Class I director at the company’s 2025 annual stockholders’ meeting along with Gene Sheridan and Ranbir Singh. Additional details will be provided in Navitas’ definitive proxy statement for the meeting to be filed with the U.S. Securities and Exchange Commission (SEC).
Forward-Looking Statements
Statements and information in this press release that are not historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are made pursuant to the “safe harbor” provisions of such Act. Forward-looking statements may be identified by the use of words such as “we expect” or “are expected to be,” “estimate,” “plan,” “project,” “forecast,” “intend,” “anticipate,” “believe,” “seek,” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions and expectations.
The risks, uncertainties, assumptions and other factors that could cause actual events or results to differ from the events or results predicted or implied by our forward-looking statement include those risk factors discussed in our filings with the SEC, including those disclosed under the caption “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2024, our quarterly report on Form 10-Q for the quarter ended March 31, 2025 and subsequent quarterly reports. Navitas may elect to update these forward-looking statements at some point in the future, but specifically disclaims any obligation to do so.
About Navitas
Navitas Semiconductor (Nasdaq: NVTS) is the only pure-play, next-generation power-semiconductor company, celebrating 10 years of power innovation, founded in 2014. GaNFast™ power ICs integrate gallium nitride (GaN) power and drive, with control, sensing, and protection to enable faster charging, higher power density, and greater energy savings. Complementary GeneSiC™ power devices are optimized high-power, high-voltage, and high-reliability silicon carbide (SiC) solutions. Focus markets include data centers, EV, solar, energy storage, home appliance / industrial, mobile, and consumer. Over 300 Navitas patents are issued or pending. Navitas was the world’s first semiconductor company to be CarbonNeutral®-certified.
Navitas, GaNFast, GaNSense, GaNSafe, GeneSiC and the Navitas and GeneSiC logos are trademarks or registered trademarks of Navitas Semiconductor Limited or affiliates. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.
Contact Information
Lori Barker
The Blueshirt Group
ir@navitassemi.com
FAQ
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