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Smart Wires Technology Ltd. (“Smart Wires”) has today appointed Joanna Lohkamp and Sharon L. Cohen to its Board of Directors. These new appointments fill the vacancies created following the planned resignation of former Board Members, Jay Schmelter and Steve Specker.
Smart Wires’ Board of Directors is structured with a three-year rotation plan. Annually, one third of the Board will resign and be replaced by candidates identified and recommended by the Company’s Nomination and Governance Committee. The resignations and appointments announced in this release represent the first annual planned rotation, with the next rotation expected during the Company’s second year on the Nasdaq First North Growth market.
Joanna Lohkamp is a seasoned Board Director, qualified Financial Expert and NACD Board Leadership Fellow, with global operating experience across technology, manufacturing, and AEC (Architecture, Engineering and Construction) sectors. Joanna serves as Non-Executive Director and Audit Committee Chair of Woods Bagot Holdings Pty Ltd., a global architecture and design firm headquartered in Australia, and Director of NACD Northwest Chapter, a NACD chapter delivering world-class director education programs and networking events.
Joanna is also co-Founder and CEO of Better Boards Initiative, a nonprofit organization aimed at uncovering and leveraging the best practices of diverse boards. Her previous executive roles as CEO, President, Chief Financial Officer, and Chief Operating Officer span across high-growth Fortune 50, emerging and mid-market private companies.
Sharon L. Cohen is a results-oriented, resourceful business and legal professional, with extensive experience as a Board Member serving on Executive, Governance, Finance and Audit Committees in the nonprofit sector. Sharon is the Chair of a California-based foundation supporting education in a disadvantaged community, as well as a Director for the La Jolla Music Society, San Diego Volunteer Lawyers Program, and California Association of Women in Water, Energy and Environment.
Sharon is also Managing Attorney – Regulatory for San Diego Gas & Electric Company, a regulated public utility subsidiary of Sempra Energy, where she has held several legal, compliance and business leadership positions since joining the Sempra group of companies in 2000. Prior to joining Sempra, Sharon worked as a litigation attorney at Skadden Arps Slate Meagher & Flom LLP, an international law firm headquartered in New York.
“We welcome Joanna and Sharon to Smart Wires’ Board of Directors. These appointments significantly strengthen our regulatory, finance, accounting, growth, and strategy expertise, and complement the existing Board of Directors and Leadership team,” said Smart Wires’ CEO, Peter Wells.
“The strong business acumen, breadth of experience, and diverse perspectives that Joanna and Sharon bring to our Board will be extremely valuable at this exciting stage of our company’s journey,” he said.
Peter G. Wells, CEO
Tel: +1 (510) 340-9797
This information is information that Smart Wires Technology Ltd is obliged to make public pursuant to the EU Market Abuse Regulation. The information in this press release has been made public through the agency of the responsible person set out above for publication at the time stated via the Company’s news distributor Cision at the publication of this press release.
ABOUT SMART WIRES TECHNOLOGY LTD.
Smart Wires conducts grid technology business that helps utilize, modernize, optimize and monetize grid capacity to meet the demands and opportunities of the energy transition. The Company operates in the global transmission grid technology market and is a leader in modular power flow control technology. Power flow control technology controls and directs power flow on high voltage electric transmission systems. Smart Wires serves transmission owners, primarily electric utilities. Transmission owners use power flow controllers to eliminate line overloads by redirecting power to other lines, to reduce transmission congestion, and to enable renewable energy connection and dispatch. Currently, Smart Wires’ main projects are located in Europe, the United States and Australia with upcoming projects in South America and Canada. The Company has a large customer base comprised of utilities globally. For more information, please visit www.smartwires.com.
This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.