Marathon Digital Holdings, Inc. (NASDAQ:MARA) has appointed Vicki Mealer-Burke to its board of directors, effective April 1, 2024. This addition brings the total number of directors to eight, with seven independent directors and one inside director.
Mealer-Burke brings with her 26 years of executive leadership experience at Qualcomm Incorporated, where she contributed to the company's growth from $2 billion in revenues and 6,000 employees to over $36 billion and 50,000 employees. She held various roles at Qualcomm, including global business development, product management, operations, and human resources. Notably, she also served as Qualcomm's first chief diversity officer, emphasizing her dedication to cultivating inclusive and purpose-driven cultures.
Having served on Marathon's advisory board since September 2022, Mealer-Burke has provided guidance on organizational, product, compensation and retention strategies, as well as environmental, social, and governance (ESG) and diversity, equity, and inclusion (DEI) initiatives.
Fred Thiel, Marathon's Chairman and CEO, acknowledged Mealer-Burke's valuable contributions, stating, "Vicki has been a valuable advisor to Marathon since 2022. Now that she has transitioned to a member of our board of directors, Marathon can further benefit from her extensive leadership and expertise. We welcome her to the board and look forward to how her insights, experience, and guidance can continue to contribute to Marathon’s strategic direction and growth."
Mealer-Burke expressed her commitment to Marathon's mission, stating, "As the leader in its industry, Marathon is committed to building a more sustainable and inclusive future with innovative bitcoin mining technologies. I look forward to working with the management team and the rest of the board to further Marathon’s success in this dynamic and rapidly growing industry."
Marathon's latest move to strengthen its board with Mealer-Burke's experience underscores the company's focus on strategic leadership and growth in the rapidly evolving bitcoin mining industry. As a result of these announcements, the company's shares have moved -0.2% on the market, and are now trading at a price of $18.43. For the full picture, make sure to review Marathon Digital's 8-K report.
