Semiconductor industry veteran Kenneth Hurley appointed CEO & MD of 4DS Memory

SYDNEY, AUSTRALIA: 4DS Memory Limited (ASX: 4DS) (4DS) announced the appointment of Mr Kenneth Hurley as the company’s new Chief Executive Officer and Managing Director. Kenneth Hurley is a 40+ year veteran of the semiconductor industry with key executive roles at Hitachi America Semiconductor and Nanya Technology Corporation Inc, a major Taiwanese maker of dynamic random-access memory (DRAM) chips.

He was CEO of Genesis Semiconductor, a Semiconductor Design company and President of Memoright USA a manufacturer of Solid State Drives and Controllers.

During his time at Nanya Technology Mr Hurley negotiated strategic supply relationships with Dell, Hewlett Packard, Compaq, IBM, Apple, Google, and other multi-national companies and established product design centers in Vermont and Texas.

Dr Guido Arnout, who had indicated a desire to retire, will step down as Chief Executive Officer and Managing Director. He will now take on a Non-Executive role on the Board of Directors and has agreed to become a part time employee of 4DS Memory Inc in the role of advisor to Mr Hurley.

Commenting on the appointment Chairman Drs. Wilbert van den Hoek stated, “We are very fortunate to have been able to find and appoint someone with Ken’s skill set to the Company to assist us with the commercialization of 4DS’ technology.

Ken brings extensive international semiconductor industry experience and a network of contacts in memory chip manufacturers and users. I am delighted that he has agreed to come out of early retirement and accept the role as Chief Executive Officer and Managing Director and look forward to working closely together.”

Commenting on his appointment Mr Hurley stated, “I am excited to accept the role with 4DS and look forward to leading the Company’s efforts to deliver our technology to the industry.”

4DS Memory Limited (ASX: 4DS), with facilities located in Silicon Valley, is a semiconductor development company of non-volatile memory technology, pioneering Interface Switching ReRAM for next generation gigabyte storage in mobile and cloud.

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