Marvell Technology announced the appointment of Matt Murphy as Chair of its Board of Directors, replacing Rick Hill, who has served as Chair of the Board since 2016 and who will be retiring from the Board at the end of his current term to focus on philanthropic activity in Latin America. The Board has also appointed Michael Strachan, a Marvell Director since 2016, to become Lead Independent Director. Murphy currently serves as President and CEO of Marvell.
Hill has played an essential role in Marvell’s multi-year transformation. He initially served as Chair and Interim Principle Executive Officer and was instrumental in assembling a strong and experienced Board of Directors, as well as hiring key members of the current management team including Murphy as CEO. His deep insights and decades of experience in the semiconductor industry have been invaluable to the company as Marvell pursues its long-term growth opportunities in cloud, 5G, automotive and enterprise end markets.
“Rick has been instrumental in shaping the direction of the company that Marvell has become today, not only in his role as Board Chair, but as a mentor to me and the management team,” said Murphy. “I’m proud of the accomplishments the Marvell team has achieved, and I’m thankful for Rick’s support since I took on the CEO role in 2016. I’m grateful for his outstanding leadership and dedication to Marvell’s success and I’m honored to succeed him as Chair. I’m also pleased that Mike has agreed to take on the role of Lead Independent Director and look forward to working with him and the rest of the Marvell Board as we continue to execute on our vision for the company.”
https://investor.marvell.com/2023-05-03-Marvell-Announces-Changes-to-its-Board-of-Directors
