GlobeNewswire Inc | Sep 16, 2020 04:05PM EDT

September 16, 2020

Jack Pacheco appointed President of SMART Memory Solutions BusinessKiWan Kim promoted to EVP of SMART Global Holdings and President of SMART Emerging Markets

NEWARK, Calif., Sept. 16, 2020 (GLOBE NEWSWIRE) -- SMART Global Holdings, Inc. (SMART or the Company) (NASDAQ: SGH), today announced executive promotions within the companys senior management team.

Jack Pacheco has been appointed President of SMARTs Memory Solutions Business which includes the entire memory product line. Mr. Pacheco will continue to serve as Chief Operating and Financial Officer of SMART Global Holdings, positions he has held since 2017. KiWan Kim has been promoted to Executive Vice President of SMART Global Holdings and appointed President of SMARTs Emerging Markets business which includes SMART Brazil. Mr. Kim was previously Senior Vice President of Emerging Markets for SMART Global Holdings and President of SMART Brazil.

Mark Adams, President and CEO of SMART Global Holdings, commented, These promotions reflect the incredible leadership and hard work of Jack and KiWan in establishing a highly efficient and robust core foundation of SMARTs traditional businesses that SMART will leverage as we continue our growth and diversification strategy.

Jack has been instrumental in all major decisions we have made at SMART and has deep institutional knowledge of our core memory business. Most recently, Jack lead initiatives to adjust operations so that we can weather the pandemic and emerge successfully on the other side, added Mr. Adams.

Over the past 20 years KiWan has played a critical role in our growth strategies in emerging markets, continued Mr. Adams. We are very proud of KiWans commitment to the continued success of SMART in these markets, and rely upon his expertise in navigating emerging markets including Brazil, concluded Mr. Adams.

Mr. Pacheco rejoined SMART as its Senior Vice President, Chief Operating and Financial Officer in 2011. He had previously held the position of SMART's Chief Financial Officer from 2004-2008, during which time he built a strong finance and systems organization that helped SMART grow into an industry-leading company. In addition to his financial responsibilities, Mr. Pacheco now oversees the entire memory product line, operations and information technology for SMART.

Previous to joining SMART in his current position, Mr. Pacheco served as CFO for Mirion Technologies. Earlier in his career, he held executive positions at Ignis Optics, Force Computers, and Solectron. Jack has an MBA from Golden Gate University and a B.S. in Business Administration from Washington State University.

Mr. Kim has been a part of the SMART team since 2000, and is responsible for developing strategies to grow SMARTs business in emerging markets. Previously, Mr. Kim served as Vice President of Strategic Planning and Advanced Packaging and as SMART's Vice President and General Manager of the Display Product Group, as well as the Vice President of the DRAM Business Unit.

Previous to joining SMART, KiWan began his career at Samsung, where he spent 13 years advancing in business positions throughout the company, ultimately serving as Sales Director. KiWan holds a Bachelor's Degree in Business Administration from Yonsei University in Korea.

AboutSMART Global HoldingsThe SMART lines of business are leading designers andmanufacturers of electronic products focused on memory and computing technology areas. The company specializes in application specific product development and support for customers in enterprise, government and OEM sales channels. Customers rely on SMART as a strategic supplier with top tier customer service, product quality, and technical support with engineering, sales, manufacturing, supply chain and logistics capabilities worldwide. The company targets customers in markets such as communications, storage, networking, mobile, industrial automation, industrial internet of things, government, military, edge computing and high performance computing. SMART operates in three primary product areas: specialty memory products,Brazilproducts and specialty compute and storage solutions.For more information about SMART Global Holdings business units, visit: SMART Modular Technologies; SMART Embedded Computing; SMART Supply Chain Services; andPenguin Computing.

Investor Contact: Suzanne Schmidt Investor Relations for SMART Global Holdings, Inc. (510) 360-8596ir@smartm.com

PR Contact: Maureen OLeary, Sr PR Manager SMART Modular Technologies +1 (602) 330-6846maureen.oleary@smartm.com