Fariba Danesh

About Fariba Danesh

Fariba Danesh, 66, joined Credo’s Board in March 2025 and serves as an independent Class II director. She is Chief Operating Officer at PsiQuantum (since January 2021), and previously was CEO of Glo AB for nine years and SVP/GM of the Fiber Optics Products Division at Avago Technologies (now Broadcom). She holds a B.S. in Biochemistry from Santa Clara University.

Past Roles

Organization	Role	Tenure	Committees/Impact
Glo AB	Chief Executive Officer	2010–2019 (nine years)	Led photonics and compound semiconductor company
Avago Technologies (Broadcom)	SVP & GM, Fiber Optics Products Division	2006–2009	Ran fiber optics division
PsiQuantum	Chief Operating Officer	Jan 2021–present	Operations leadership in quantum computing

External Roles

Organization	Role	Tenure	Committee Roles (if disclosed)
Aehr Test Systems (Nasdaq: AEHR)	Director	Since May 2021	Not disclosed in CRDO filings

Board Governance

Class and tenure: Class II; director since 2025; age 66 .
Independence: Board determined Danesh is independent under Nasdaq and SEC rules .
Committee assignments: Audit Committee (member), Nominating & Corporate Governance (NCG) Committee (member) .
Audit Committee financial expert: Board designated Danesh an “audit committee financial expert” (Item 407(d)(5)(ii)) .
Attendance/engagement: In fiscal 2025, the Board held 4 meetings; Audit 8, Compensation 4, NCG 5. Each current director attended at least 75% of board and applicable committee meetings; independent directors met in regular executive sessions .
Lead Independent Director: Sylvia Acevedo appointed LID in March 2025; Chair/CEO roles combined with CEO as Chair .

Committee Membership Snapshot

Committee	Role	Notes
Audit	Member	Committee met 8x in FY2025; Danesh designated financial expert
NCG	Member	Committee met 5x in FY2025

Fixed Compensation

Director fees policy (FY2025):
- Board retainer $50,000; Audit Chair $20,000; Compensation Chair $15,000; NCG Chair $10,000; Audit Member $10,000; Compensation Member $7,500; NCG Member $5,000; paid quarterly .
FY2025 actual director compensation (Danesh):
- Fees earned: $7,513; Stock awards: $0; Total: $7,513 (reflects partial-year service starting March 2025) .

Metric	FY2025 Amount
Fees Earned or Paid in Cash ($)	$7,513
Stock Awards ($)	$0
Total Compensation ($)	$7,513

Performance Compensation

Annual equity program for non‑employee directors: RSUs with grant value $175,000 granted following the AGM; vest upon earlier of one-year anniversary or next AGM, subject to continued service .
Initial equity award for Danesh: RSUs with target value $350,000 granted early FY2026; a Form 4 reporting the time‑vesting RSU grant dated June 19, 2025 was filed late on July 9, 2025 .

Component	Grant Value	Grant/Report Dates	Vesting Conditions
Initial RSU (Director)	$350,000	Granted early FY2026; RSU grant 6/19/2025, Form 4 filed 7/9/2025	Time-based; director RSUs vest at earlier of 1‑year anniversary or next AGM, with continued service

No performance-linked metrics (revenue/EBITDA/TSR) are disclosed for director compensation; director equity is time-based .

Other Directorships & Interlocks

Company	Relationship to CRDO	Notes
Aehr Test Systems	None disclosed	Board service since May 2021; CRDO filings do not disclose transactions or interlocks involving Danesh and Aehr

Expertise & Qualifications

Executive leadership in semiconductors/photonics/telecom/data storage; COO at PsiQuantum; ex-CEO Glo AB; ex-SVP/GM Avago fiber optics .
Financial oversight: Audit Committee member; audit committee financial expert designation .
Education: B.S. Biochemistry, Santa Clara University .

Equity Ownership

Beneficial ownership (as of July 31, 2025): 0 shares; less than 1% of outstanding shares .
Outstanding director RSUs at fiscal year-end: 0 (as of FY2025 end); initial RSU award occurred early FY2026 .
Stock ownership guidelines: Non‑employee directors must hold shares equal to ≥4× annual cash retainer; compliance required within 4 years; unvested/unenearned awards excluded .
Hedging/pledging: Prohibited by Insider Trading Policy .

Measure	Amount/Status
Shares Beneficially Owned (No.)	0
Ownership (%)	<1%
RSUs Outstanding (FY2025 year-end)	0
Ownership Guideline	4× annual cash retainer; 4-year window to comply
Hedging/Pledging	Prohibited

Insider Trades

Date of Transaction	Form 4 Filing Date	Type	Notes
06/19/2025	07/09/2025	Grant of time‑vesting RSUs	Reported late per Section 16(a) disclosure

Governance Assessment

Independence and expertise: Danesh is independent and designated an audit committee financial expert, strengthening oversight of reporting, internal control, and related‑party review .
Committee engagement: Active roles on Audit and NCG; Board and committees met frequently; all current directors met ≥75% attendance in FY2025; independent directors held regular executive sessions—positive for board effectiveness .
Alignment and incentives: FY2025 showed minimal cash compensation due to partial-year service and no stock awards in that fiscal period; initial $350k RSU award was granted early FY2026, improving alignment via time-based equity; director equity grants vest at the earlier of 1 year or AGM, aligning with service continuity .
Ownership posture: 0 shares beneficially owned as of July 31, 2025; subject to new stock ownership guidelines requiring ≥4× cash retainer within 4 years; unvested awards do not count—monitor progression to guideline compliance as RSUs vest .
Conflicts and related parties: No related‑party transactions involving Danesh disclosed; Board reviewed director affiliations and determined they were not material for independence .
RED FLAGS: A single late Section 16 Form 4 for the June 19, 2025 RSU grant; administrative lapse but limited severity; continue to monitor for timely filings and guideline compliance .

Shareholder Feedback Signals (context)

2025 AGM: Say‑on‑pay passed (116.6M For; 7.3M Against; 0.13M Abstain), indicating favorable sentiment toward compensation governance; all Class I nominees elected .