Digi International Announces the Nomination of Two Accomplished Executives to its Board of Directors and the Pending Retirement of Sally Smith from the Board of Directors
December 13 2024 - 4:50PM
Business Wire
Nomination of two new members for election to
the Board would bring deep knowledge and industry expertise to
their board roles
Digi International (Nasdaq: DGII, www.digi.com), a leading
global provider of Internet of Things (IoT) connectivity products
and services, announces the nomination of two new members to its
Board of Directors: Valerie Heusinkveld and Allison West Hughes. In
addition, Sally Smith, a Digi director since 2018, has announced
her intention to retire from the Board at the conclusion of the
company’s annual meeting to be held on February 3, 2025. The
election of Ms. Heusinkveld and Ms. Hughes will be voted on by the
company’s stockholders at that same annual meeting.
Ms. Heusinkveld served as Chief Financial Officer of
Cradlepoint, Inc., a provider of bundled cellular hardware and
connectivity and monitoring software solutions, from 2012 until her
retirement in 2021. Previously, she served as Chief Financial
Officer of Purcell Systems from 2007 to 2012. As a former Chief
Financial Officer at high technology companies, she has extensive
high technology industry knowledge and leadership experience in
both financial and operational matters. The company believes this
experience would provide the Board with expertise in such areas 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.
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. Previously, she served as Senior Vice President,
Global Digital Go to Market at ServiceNow, a cloud computing
platform software company servicing businesses of varying sizes,
from July 2021 to June 2022, after having served as Vice President
from April 2020 and previously serving as Area Vice President from
2018. She has extensive high technology industry knowledge and
leadership experience and brings expertise in such areas as sales
and marketing and operations. The company believes her 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.
“We want to thank Sally for her commitment to Digi and her
assistance in helping the company grow and advance its mission.
While her contributions were significant and will be missed, we are
thrilled to nominate both Valerie and Allison to our Board of
Directors,” said Satbir Khanuja, Ph.D., Non-executive Chairman of
the Board, Digi International. “Their extensive experience in
technology, innovation, ARR and financial strategy aligns with
Digi's commitment to driving IoT advancements and delivering value
to our stakeholders. We are confident their leadership will
strengthen our ability to deliver on our vision as we continue
expanding our global presence and driving Digi’s renaissance as a
leading solution provider in the IoT space.”
The nomination of Heusinkveld and Hughes underscores Digi's
dedication to fostering innovation and sustaining Digi’s excellence
in technology innovation and customer-centricity.
Additional Information and Where to Find It
Digi International has filed with the Securities and Exchange
Commission (the “SEC”) a definitive proxy statement on Schedule 14A
(the “Definitive Proxy Statement”) with respect to its solicitation
of proxies for Digi International’s 2025 annual meeting of
stockholders (the “2025 Annual Meeting”). The Definitive Proxy
Statement contains important information about the matters to be
voted on at the 2025 Annual Meeting. STOCKHOLDERS OF DIGI
INTERNATIONAL ARE URGED TO READ THESE MATERIALS (INCLUDING ANY
AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS
THAT DIGI INTERNATIONAL HAS FILED OR WILL FILE WITH THE SEC BECAUSE
THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT DIGI
INTERNATIONAL AND THE MATTERS TO BE VOTED ON AT THE 2025 ANNUAL
MEETING. Stockholders are able to obtain free copies of these
documents and other documents filed with the SEC by Digi
International through the website maintained by the SEC at
www.sec.gov. In addition, stockholders are able to obtain free
copies of these documents from Digi International by going to Digi
International’s Investor Relations page on its website at
www.digi.com.
Participants in the Solicitation
The directors, executive officers, and employees of Digi
International may be deemed to be participants in the solicitation
of proxies from the stockholders of Digi International in
connection with 2025 Annual Meeting. Digi International has also
engaged Alliance Advisors LLC to assist in the solicitation of
proxies for the 2025 Annual Meeting and to provide related advice
and informational support. Information regarding the interests of
participants in the solicitation of proxies in respect of the 2025
Annual Meeting is included in the Definitive Proxy Statement.
About Digi International
Digi International (NASDAQ: DGII) is a leading global provider
of IoT connectivity products, services, and solutions. It helps
companies create next-generation connected products and deploy and
manage critical communications infrastructures in demanding
environments with high levels of security and reliability. Founded
in 1985, Digi has helped customers connect more than 100 million
things and counting. For more information, visit www.digi.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241213612450/en/
Media Contact: Peter Ramsay Global Results Communications
digi@globalresultspr.com 949.307.5908
Digi (NASDAQ:DGII)
Historical Stock Chart
From Dec 2024 to Jan 2025
Digi (NASDAQ:DGII)
Historical Stock Chart
From Jan 2024 to Jan 2025