Toshiba Memory Corporation recently announced the appointment of Stacy J. Smith as CEO. Effective October 1, 2018, Stacy J. Smith will work with Yasuo Naruke to take full responsibility for the company's business operations.

Prior to this, Smith has worked at Intel for 30 years and has been involved in a variety of fields. He has served as CFO for Intel for nearly a decade and is responsible for Intel's strategy, mergers and acquisitions and capital. From 2016 to 2018. During his tenure as President of Intel Production, Operations and Sales, Smith led 40,000 employees to achieve outstanding results in global production, technology development, supply chain, pricing and sales.

In addition, Smith has extensive board leadership experience. He currently serves as Chairman of the Board of Autodesk and Director of Metromile. He previously served as a director at Virgin America and GEVO.

Yasuo Naruke, President and CEO of Toshiba Memory Co., Ltd., said: "Stacy is excited to join Toshiba Memory as a key leadership position during the company's important development. Stacy has an extremely valuable international leadership experience. With a wealth of knowledge in the semiconductor industry, there is no doubt that he is the best person to help lead us as an independent company to the next stage of development."

Smith said: "I am very excited to be able to take on this responsibility. I am also honored to be a member of Toshiba Memory. Toshiba invented flash memory, and now Toshiba Memory is an independent company that can better focus on the development and development of semiconductor technology."