Allegro MicroSystems Bolsters Board with Appointment of Dr. Krishna Palepu

Allegro MicroSystems, Inc. (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions, has strengthened its board of directors with the appointment of Dr. Krishna Palepu, Ross Graham Walker Professor of Business Administration at Harvard Business School. Dr. Palepu brings extensive expertise in strategy, governance, and emerging markets, particularly in India and China, to the board, effective January 31, 2025.

Dr. Palepu's appointment was welcomed by Yoshihiro "Zen" Suzuki, Chairman of Allegro's Board, who stated, "I am delighted to welcome Krishna to Allegro’s board of Directors. He brings a unique perspective with his impressive background in academia combined with considerable board and consulting experience in the sectors and markets of focus for the company. Dr. Palepu’s deep understanding of business strategy and global markets positions him perfectly to navigate the complexities of international business."

Dr. Palepu's academic research focuses on globalization and corporate board effectiveness, complemented by his experience advising technology and semiconductor companies. His educational background includes a master's degree in Electronics from Andhra University, an MBA-equivalent degree from the Indian Institute of Management, Calcutta, and a Ph.D. in Management from MIT Sloan School of Management.

Dr. Palepu's appointment comes at a time when Allegro is expanding its presence in emerging markets and focusing on growth in the e-Mobility, Clean Energy, and Automation sectors. His expertise in these areas can provide valuable insights into strategic decision-making and help Allegro navigate the complexities of international business.

Moreover, Dr. Palepu's experience serving on multiple public company boards and his research on corporate board effectiveness can bring a fresh perspective to Allegro's governance and decision-making processes. By leveraging his insights, Allegro can enhance its board composition, improve corporate governance, and foster a more market-driven mindset focused on innovation and change.

In conclusion, Allegro MicroSystems' appointment of Dr. Krishna Palepu to its board of directors is a strategic move that aligns with the company's growth plans and commitment to enhancing its governance and decision-making processes. Dr. Palepu's expertise in strategy, governance, and emerging markets, along with his academic background and experience, makes him an invaluable addition to the board as Allegro continues to innovate and expand in the global market.