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    Penguin Solutions Inc (PENG)

    Business Description

    Penguin Solutions, Inc. (PENG) is a global enterprise solutions provider specializing in high-performance computing, artificial intelligence (AI) infrastructure, and advanced memory solutions. The company delivers innovative, high-availability technologies tailored for enterprise needs, including AI factory offerings and LED-based solutions. PENG operates globally, serving a diverse customer base of OEMs, commercial enterprises, and government entities.

    1. Advanced Computing - Focuses on high-performance computing and AI solutions, enabling enterprises to deploy cutting-edge AI infrastructure and optimize computational workloads.
    2. Integrated Memory - Provides advanced memory solutions designed to meet the complex requirements of enterprise applications and data-intensive operations.
    3. Optimized LED - Specializes in LED-based solutions, offering innovative lighting technologies for various applications.

    Executive Team

    NamePositionStart DateShort Bio
    Mark AdamsPresident and Chief Executive OfficerAugust 31, 2020Mark Adams became the President and CEO of Penguin Solutions on August 31, 2020. Previously, he served as CEO of Lumileds, Inc. (2017–2019) and President of Micron Technology, Inc. (2012–2016). He holds a Bachelor of Arts in Economics from Boston College and an MBA from Harvard University.
    Joseph ClarkSenior Vice President, Penguin Solutions and President, Optimized LEDSeptember 2022Joseph Clark has over 25 years of experience in the lighting and technology industries. Before joining Penguin Solutions, he worked at CreeLED (1998–2017) in leadership roles, including Head of LED R&D and VP of Global Operations. He holds a B.S. and M.S. in Materials Science and Engineering from NC State University and has over a dozen patents.
    Anne KuykendallSenior Vice President, Chief Legal Officer, and Chief Compliance OfficerSeptember 2023Anne Kuykendall joined Penguin Solutions in April 2021 as VP, General Counsel, and Chief Compliance Officer, later becoming SVP and CLO in September 2023. She previously held legal leadership roles at MariaDB Corporation Ab, DriveOn, Inc., Cloudera, Inc., and Cadence Design Systems, Inc. She holds a J.D. from UC Berkeley and degrees from Stanford.
    Pete MancaSenior Vice President, Penguin Solutions and President, Advanced ComputingApril 8, 2024 (expected)Pete Manca joined Penguin Solutions on April 8, 2024 (expected). Previously, he held leadership roles at Dell Technologies (2018–2023) and was President and CEO of Egenera, Inc. (2009–2018). He holds a B.S. and M.S. in Electrical Engineering from Worcester Polytechnic Institute.
    Nate OlmsteadSenior Vice President and Chief Financial OfficerJune 26, 2024 (expected)Nate Olmstead will join Penguin Solutions on June 26, 2024 (expected). He was previously CFO at Logitech International S.A. (2019–2023) and held financial management roles at Hewlett-Packard and Hewlett Packard Enterprise. He holds an MBA from Harvard Business School and a B.A. in Quantitative Economics from Stanford University.
    Jack PachecoExecutive Vice President, Chief Operating Officer, and President, Integrated MemorySeptember 2020Jack Pacheco has been EVP, COO, and President, Integrated Memory at Penguin Solutions since September 2020. He previously served as SVP, COO, and CFO (2011–2020) and CFO (2004–2008). He also worked as VP and CFO of Mirion Technologies, Inc. (2008–2011). He holds an MBA from Golden Gate University and a B.S. in Business Administration from WSU.