Enovix Corp Appoints Semiconductor Veteran to Board

By Tamara Parker • Thursday, August 14 15:36 • Permanent Link

Enovix Corporation (NASDAQ: ENVX, ENVXW) has appointed J. Daniel "Dan" McCranie to its board of directors, effective August 12, 2025. This appointment brings the total number of directors on the board to eight, with six of them being independent.

McCranie brings over three decades of experience in public-company board governance and operating leadership in the semiconductor and technology sectors to Enovix. He has previously served as the Chairman of the Board of ON Semiconductor (NASDAQ: ON) and has held various leadership roles at technology companies including Freescale Semiconductor, Cadence, Virage Logic, Actel, Xicor, California Micro Devices, Mentor Graphics, and Cypress Semiconductor.

Currently, McCranie is a director at SunPower Corporation and serves as the Chair of its compensation committee. He is also the Executive Vice President of Sales for SunPower.

Raj Talluri, President and Chief Executive Officer of Enovix, expressed his confidence in McCranie's ability to contribute to the company, citing his track record at ON Semiconductor and other global semiconductor companies. McCranie also expressed his excitement at joining Enovix at a pivotal moment and looks forward to working with the board to accelerate execution.

Enovix is a leader in advancing lithium-ion battery technology, with a focus on delivering higher energy density and improved safety through its proprietary silicon-anode architecture. The company's technology is designed to power a wide range of devices, from wearable electronics and mobile communications to industrial and electric vehicle applications.

Enovix's technology enables longer battery life and faster charging, addressing the increasing global demand for high-performance energy storage. The company holds a strong portfolio of issued and pending patents covering its core battery design and manufacturing process.

Enovix is headquartered in Silicon Valley with facilities in India, South Korea, and Malaysia. The market has reacted to these announcements by moving the company's shares -4.14% to a price of $10.525. If you want to know more, read the company's complete 8-K report here.

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