Allegro MicroSystems Appoints Mary Puma to its Board of Directors

Mary Puma joined the Allegro board effective October 18, 2023 to fill the vacancy created by the retirement of Dr. Reza Kazerounian

MANCHESTER, NH, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM) a global leader in power and sensing semiconductor solutions for motion control and energy-efficient systems, today announced the appointment of Mary G. Puma to Allegro’s Board of Directors (“Board”), filling the vacancy created by the retirement of Reza Kazerounian, who retired from the Board on October 15, 2023. Ms. Puma’s appointment was effective on October 18, 2023. 

“Dr. Reza Kazerounian’s vast semiconductor expertise and experience leading other companies in the semiconductor field have been crucial in Allegro’s continued growth and IPO success and transformation towards a more market driven mindset with a focus on innovation and change,” said Yoshihiro “Zen” Suzuki, Chairman of the Board. “On behalf of the Allegro Board, I would like to thank Dr. Kazerounian for his longstanding leadership and service, both of which have had a monumental impact on Allegro’s growth and success from before our IPO and through the last three years as a public company.”

Mary Puma joins Allegro’s Board with more than 40 years of technology experience, including 25 years in the semiconductor industry. Ms. Puma is the Executive Chairperson of Axcelis Technologies, Inc. (“Axcelis”), a publicly traded company engaged in the supply of capital equipment for the semiconductor chip manufacturing industry, and previously served as President and Chief Executive Officer of Axcelis from January 2002 to May 2023. Prior to becoming CEO of Axcelis, she served as the company’s President and Chief Operating Officer beginning in July 2000. In 1998, Ms. Puma was appointed General Manager and Vice President of Axcelis’s predecessor, the Implant Systems Division of Eaton Corporation, a global diversified industrial manufacturer, after having joined in 1996 as general manager of Eaton’s Commercial Controls Division. 

Prior to Eaton, Ms. Puma spent 15 years in various marketing and general management positions at General Electric Company.

“We are delighted to welcome Mary to Allegro’s Board,” said Mr. Suzuki. “Mary’s extensive technology and board experience, coupled with her proven success as a semiconductor industry leader, make her an extraordinary addition to the Board of Directors. We look forward to her contributions to Allegro’s growth as we continue to execute on our strategy focused on the mega trends of electrification and automation by continuing to develop innovative products within the Automotive and Industrial markets.”