Contact Information: For More Information Investor Contact: Suzanne Craig The Blueshirt Group for SMART Modular Technologies 415-217-4962
SMART Modular Technologies' Chief Financial Officer Resigns
| Source: SMART Modular Technologies
FREMONT, CA--(Marketwire - February 27, 2008) - SMART Modular Technologies (WWH), Inc. ("SMART"
or the "Company") (NASDAQ : SMOD ), a leading independent manufacturer of
memory modules, embedded computing subsystems, and TFT-LCD display
products, announced today that its Senior Vice President and Chief
Financial Officer, Jack A. Pacheco, will leave SMART, effective April 18,
2008, to take a position with a privately held company in a different
industry.
"After over 14 years in this industry, Jack has decided to pursue a
terrific professional opportunity in the clean energy sector. We thank him
for his many years of service to the Company and its shareholders and wish
him well," remarked Iain MacKenzie, CEO and President of SMART.
The Company expects to retain an executive search firm to identify a
successor to Mr. Pacheco. Mr. MacKenzie will serve as acting CFO on an
interim basis until a well-qualified replacement is appointed.
About SMART
SMART is a leading independent designer, manufacturer and supplier of
electronic subsystems to original equipment manufacturers, or OEMs. SMART
offers more than 500 standard and custom products to OEMs engaged in the
computer, industrial, networking, gaming, telecommunications, and embedded
application markets. Taking innovations from the design stage through
manufacturing and delivery, SMART has developed a comprehensive memory
product line that includes DRAM, SRAM, and Flash memory in various form
factors. Its Embedded Products Division develops embedded computing
subsystems, backed by design and manufacturing, for markets supporting test
equipment, 3G infrastructure, and network processing applications. SMART's
Display Products Group designs, manufactures, and sells thin film
transistors (TFT) liquid crystal display (LCD) solutions to customers
developing casino gaming systems as well as embedded applications such as
kiosk, ATM, point-of-service, and industrial control systems. SMART's
presence in the U.S., Europe, Asia, and Latin America enables it to provide
its customers with proven expertise in international logistics, asset
management, and supply-chain management worldwide. See www.smartm.com for
more information.