SANTA CLARA, CA – July 30, 2019 – Adesto® Technologies Corporation (NASDAQ: IOTS), a leading provider of innovative application-specific semiconductors and embedded systems for the IoT, announced that Hervé Fages, executive vice president and president of applied product technologies for Evoqua Water Technologies, and Susan Uthayakumar, president of Schneider Electric Canada, have joined its Board of Directors. These appointments bring the total number of Board members to seven.
“We are delighted to welcome Susan and Hervé to the Board,” said Narbeh Derhacobian, president and CEO, Adesto. “These accomplished executives bring a wealth of expertise and strategic vision from tier one industrial companies. As we continue to execute on our mission of addressing the needs of IoT proliferation and adoption, especially within industrial segments, the addition of these board members will significantly enrich our view of how to best serve our customers.”
“I am excited to work closely with Adesto as it proceeds to its next level of growth,” said Mr. Fages. “The company is moving quickly to address a growing opportunity in the Internet of Things, with a powerful value proposition especially in global industrial markets. Adesto has the right management team, culture, and technology to make a real difference for its customers.”
“The world is transforming through digitization, urbanization and connectivity,” said Ms. Uthayakumar. “Against this backdrop, Adesto’s open solutions for the IoT edge can be used to help customers make faster, more informed business decisions and achieve increased efficiencies. I am excited to be part of the future journey with Adesto as it helps customers embrace the IoT.”