Data I/O Announces Organizational Changes to Align with Scaling and Growth Strategies
Data I/O Corporation (NASDAQ:DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced that it has made organizational changes following its recent leadership transition. The changes announced today, which are effective December 1, 2024, reflect the strategic shift under William Wentworth who was appointed CEO of Data I/O Corporation on October 1, 2024.
"We are announcing a series of organizational changes addressing both personnel and operations which we believe best position us to scale and grow the Company," said William Wentworth, President and CEO of Data I/O Corporation. "Since my coming on board, we have been assessing our capabilities with a view towards our future growth and market share expansion opportunities. To this end, we have hired proven industry veterans, promoted from within and created new positions. Collectively, we have streamlined our leadership team to align ourselves while creating growth strategies and prioritizing customer success. These are the steps we believe are necessary to become a higher value partner with a broader reach into the global electronics supply chain."
Semiconductor and electronics industry veteran Monty Reagan was appointed Vice President, Sales & Marketing, for Data I/O, a position that had not been occupied in more than 10 years. Prior to assuming this newly revived position to lead the sales and marketing organizations for the Company, Mr. Reagan spent nearly two decades in sales, marketing and business development roles with Avnet, BPM Microsystems, DataTrans Solutions, and Source Electronics.
Matt Hunter was promoted to Director of Quality, a newly created position at Data I/O. This position is responsible for overseeing Data I/O's global ISO 9001:2015 quality certifications and manufacturing quality standards, in addition to supporting various operational activities as the Company expands its global solutions, product, service and support initiatives.
Rajeev Gulati, Vice President and Chief Technology Officer, and Michael Tidwell, Vice President of Marketing and Corporate Business Development, have left the Company. As principal officers of Data I/O, details of the departures were reported under Form 8-K filed with the Securities and Exchange Commission.
About Data I/O Corporation
Since 1972, Data I/O has developed innovative solutions to enable the design and manufacture of electronic products for automotive, Internet-of-Things, medical, wireless, consumer electronics, industrial controls and other electronics devices. Today, our customers use Data I/O's data provisioning solutions to manage device intellectual property from point of inception to deployment in the field. OEMs of any size can program and securely provision devices from early samples all the way to high volume production prior to shipping semiconductor devices to a manufacturing line. Data I/O enables customers to reliably, securely, and cost-effectively bring innovative new products to life. These solutions are backed by a portfolio of patents and a global network of Data I/O support and service professionals, ensuring success for our customers. Learn more at dataio.com/Company/Patents.
Learn more at dataio.com
Forward Looking Statement
Statements in this news release concerning economic outlook, expected revenue, expected margins, expected savings, expected results, expected expenses, orders, deliveries, backlog and financial positions, supply chain expectations, personnel and productivity as well as any other statement that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements.
Forward-looking statement disclaimers also apply to the demand for the Company's products and the impact from geopolitical conditions including any related international trade restrictions. These factors include uncertainties as to the ability to record revenues based upon the timing of product deliveries, shipping availability, installations and acceptance, accrual of expenses, coronavirus related business interruptions, changes in economic conditions, part shortages and other risks including those described in the Company's filings on Forms 10-K and 10-Q with the Securities and Exchange Commission (SEC), press releases and other communications.
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