Enovix Corporation (NASDAQ:ENVX) shares are trading higher Thursday after the company announced the appointment of Dr. Michael Vyvoda as COO, effective July 29.
- Enovix shares are powering higher. Why is ENVX stock surging?
The Appointment
Vyvoda joins Enovix from Magrathea Metals, where he served as COO, and brings more than 25 years of operations and manufacturing leadership experience. Most notably, he spent more than five years at Apple as Director of Product Operations for Audio Products, where he helped scale AirPods manufacturing from new product introduction to high-volume production across multiple Asian manufacturing sites. He holds a Ph.D. in Chemical Engineering from UC Berkeley.
In his new role, Vyvoda will assume responsibility for Enovix’s global manufacturing, supply chain and operations engineering organizations as the company scales to sustained, high-volume production at its Malaysia and Korea facilities. Kihong Park, who leads Global Manufacturing Operations; Ed Casey, who leads Advanced Manufacturing Engineering; and James Wilcox, Vice President of Strategic Sourcing, will all report to Vyvoda.
“Michael brings exactly the kind of broad, cross-functional operating leadership Enovix needs at this stage,” said Dr. Raj Talluri, President and CEO. “With Michael, KH, Ed and James, Enovix now has a deeply experienced, fully integrated operations leadership team.”
Enovix Shares Jump
ENVX Price Action: At the time of publication, Enovix shares are trading 12.20% higher at $5.75, according to data from Benzinga Pro.
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