Enovix Corporation announced that Emmanuel T. Hernandez will retire from the company?s board of directors effective September 30, 2023. Hernandez joined the board in July 2021, when Enovix became a publicly traded company. Bernard Gutmann, who joined the Enovix Board of Directors in June, will assume the role of Audit Committee Chairman from Hernandez, effective October 1, 2023.

Gutmann brings to Enovix close to 40 years of experience from the semiconductor industry in finance. Most recently, he served as the CFO and Treasurer of ON Semiconductor from 2012 to 2021. Joseph Malchow, who also joined the Enovix Board of Directors in June, will also become a member of the Audit Committee, effective October 1, 2023.

Malchow, the founding partner of Hanover Technology Investment Management, a venture capital firm, also serves on the board of Enphase Energy Inc., and served on the board and was a member of the Audit Committee of Archaea Energy Inc., a renewable gas company, from its initial listing until its acquisition by BP p.l.c. in 2022.