Digi International (NASDAQ: DGII), a leading global provider of Internet of Things (IoT) connectivity products and services, has announced the nomination of two new members to its board of directors: Valerie Heusinkveld and Allison West Hughes. Sally Smith, a director since 2018, has also announced her intention to retire from the board at the conclusion of the company’s annual meeting to be held on February 3, 2025.
Ms. Heusinkveld served as the Chief Financial Officer of Cradlepoint, Inc. from 2012 until her retirement in 2021 and previously as the Chief Financial Officer of Purcell Systems from 2007 to 2012. Ms. West Hughes has served as Corporate Vice President at Microsoft Corporation since July 2022, initially focused on digital acquisition and adding responsibility for small and medium business in July 2024.
Digi International believes that Ms. Heusinkveld's experience would provide the board with expertise in areas such as finance, operations, hardware and solutions sales models with a focus on annual recurring revenue (ARR), as well as mergers and acquisitions, internal controls, risk management, and auditing. The company also believes that Ms. West Hughes' expertise in marketing and selling subscription-based offerings resulting in annual recurring revenue, as well as working with customers of varying degrees of scale, would be valuable as the company executes on the expansion of recurring revenue-based solutions offerings across its business.
The nomination of Heusinkveld and Hughes underscores Digi's dedication to fostering innovation and sustaining excellence in technology innovation and customer-centricity.
Digi International, founded in 1985, has helped customers connect more than 100 million things and counting.
The election of Ms. Heusinkveld and Ms. Hughes will be voted on by the company’s stockholders at the annual meeting. The market has reacted to these announcements by moving the company's shares -0.5% to a price of $33.16. Check out the company's full 8-K submission here.
