SMART Modular Technologies, Inc. Names Jack Pacheco as Chief Financial Officer

SMART Modular Technologies, Inc. announced today that Jack Pacheco has been named Chief Financial Officer. Mr. Pacheco will be responsible for SMART's worldwide finance, tax, treasury and risk management activities.

Reporting directly to SMART's President, Iain MacKenzie, Mr. Pacheco will also oversee information technology, human resources, and legal activities for the company. "We are very pleased to have Mr. Pacheco join the SMART team," said Iain MacKenzie, SMART's President. "We expect that his proven track record of building sound financial programs will enable him to develop a financial infrastructure that is flexible and that meets our needs in a dynamic business environment. Under Mr. Pacheco's direction, we look forward to continued financial growth and stability at SMART."

SMART, newly independent as a result of its divestiture from Solectron Corporation after almost five years, is renewing its commitment to developing technology solutions, producing high quality products, and delivering outstanding service to its customers and strategic partners.

Mr. Pacheco rejoins SMART after a 3-year absence during which he served as Chief Financial Officer for Ignis Optics, Inc., an optical components startup, recently acquired by Bookham Technology. During Mr. Pacheco's previous tenure with SMART, he held the position of Corporate Controller and Vice President, Finance. Under his leadership, a strong finance and systems organization was built that helped SMART grow into an industry-leading company. Mr. Pacheco's responsibilities included all facets of the corporate planning, capital structure, and systems functions as well as merger, acquisition integration, and IPO.

He holds an MBA from Golden Gate University and a BS in Business Administration from Washington State University.

About SMART

SMART Modular Technologies, Inc., a leading independent manufacturer of memory and communications products, offers more than 500 standard and custom products to leading OEMs in the computer, industrial, networking and telecommunications industries. The memory product line includes DRAM, SRAM and Flash in various form factors. The communications product line offers modules and other product solutions that address the wireless and wire-line communications needs of SMART's customers. SMART has manufacturing and design facilities as well as sales offices in the U.S., Europe, Asia, and Latin America. More information on SMART can be obtained on the Internet at http://www.smartmodulartech.com.

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