Rachel H. Lee Elected to Applied Digital Board of Directors
22 Fevereiro 2024 - 6:05PM
Applied Digital Corporation (Nasdaq: APLD)
("Applied Digital" or the "Company"), a designer,
builder, and operator of next-generation digital infrastructure
designed for High-Performance Computing (“HPC”) applications,
announced Rachel H. Lee was appointed as an independent director to
its Board of Directors (the “Board”), effective February 22, 2024.
Ms. Lee will fill one of the vacancies created by the resignations
of Kelli McDonald and Virginia Moore, who have decided to step down
following nearly three years of service as directors.
Rachel Lee brings seventeen years of finance and
investment experience and nearly a decade of board experience at
growth companies to Applied Digital’s Board. Most recently, Ms. Lee
served as a Partner and the Head of the Consumer Private Equity
practice at Ares Management Corporation. In this role, she led all
aspects of deal activity from origination to monetization including
due diligence, debt capital raises, tack-on acquisitions, legal
negotiations, and exits via Initial Public Offerings. In addition,
she led numerous initiatives at the firm supporting diversity,
equity, and inclusion. Before joining Ares Management Corporation
in 2008, Ms. Lee was in the investment banking division at J.P.
Morgan, where she participated in the execution of a variety of
transactions, including leveraged buyouts, mergers and
acquisitions, and debt and equity financings across various
industries. She holds a B.S. in Corporate Finance and a B.S. in
Accounting from the University of Southern California.
“We are pleased to welcome Rachel Lee to our
Board of Directors,” said Wes Cummins, CEO & Chairman of the
Board at Applied Digital. “We look forward to the important
contributions she will make as we continue to capitalize on the
growing opportunities as a leading next-generation data center
provider. As Applied Digital continues to evolve, we are committed
to regularly evaluating our Board's composition to ensure we have
the right mix of skills and experience to advance our goals. In
addition, on behalf of our entire Board, we thank Kelli McDonald
and Virginia Moore for their important contributions to Applied
Digital during their time as directors.”
“I am thrilled to join Applied Digital's Board
of Directors at such an exciting time,” said Lee. “Applied Digital
is well-positioned to execute its growth strategy and support the
growing need for high-performance computing power as the demand for
data increases. I’m enthusiastic about actively contributing to the
Company’s continued expansion into the digital infrastructure space
and look forward to working alongside the Board and management team
to drive continued growth.”
About Applied Digital
Applied Digital (Nasdaq: APLD) designs,
develops, and operates next-generation data centers across North
America to provide digital infrastructure solutions to the rapidly
growing HPC industry. Find more information at
www.applieddigital.com. Follow us on Twitter at @APLDdigital.
Forward-Looking Statements
This release contains "forward-looking
statements" as defined in the Private Securities Litigation Reform
Act of 1995 regarding, among other things, future operating and
financial performance, product development, market position,
business strategy and objectives. These statements use words, and
variations of words, such as "continue," "build," "future,"
"increase," "drive," "believe," "look," "ahead," "confident,"
"deliver," "outlook," "expect," and "predict." Other examples of
forward-looking statements may include, but are not limited to, (i)
statements of Company plans and objectives, including our evolving
business model, or estimates or predictions of actions by
suppliers, (ii) statements of future economic performance, and
(iii) statements of assumptions underlying other statements and
statements about the Company or its business. You are cautioned not
to rely on these forward-looking statements. These statements are
based on current expectations of future events and thus are
inherently subject to uncertainty. If underlying assumptions prove
inaccurate or known or unknown risks or uncertainties materialize,
actual results could vary materially from the Company's
expectations and projections. These risks, uncertainties, and other
factors include: decline in demand for our products and services;
the volatility of the crypto asset industry; the inability to
comply with developments and changes in regulation; cash flow and
access to capital; and maintenance of third party relationships.
Information in this release is as of the dates and time periods
indicated herein, and the Company does not undertake to update any
of the information contained in these materials, except as required
by law.
Investor Relations Contacts
Matt Glover or Alex Kovtun Gateway Group, Inc.
(949) 574-3860 APLD@gateway-grp.com
Media Contact
Brenlyn Motlagh or Diana Jarrah Gateway Group,
Inc. (949) 899-3135 APLD@gateway-grp.com
Applied Digital (NASDAQ:APLD)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Applied Digital (NASDAQ:APLD)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024