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Iain MacKenzie Named CEO of SMART Modular Technologies

Effective Immediately, MacKenzie Will Serve as President and Chief Executive Officer of SMART Modular Technologies, Inc. Worldwide

SMART Modular Technologies, a leading provider of memory products, today announced that Iain MacKenzie has been named chief executive officer (CEO). MacKenzie will take on his new duties immediately, in addition to his continuing responsibilities as President.

"I congratulate Iain on his achievement," said Ajay Shah, Chairman of the Board, SMART Modular Technologies. "Iain has been instrumental in successfully leading SMART as an independent company that is firmly focused on growth and strong market leadership."

Since becoming an independent company sixteen months ago, SMART has rebuilt profitability, driven growth, and has improved its diversification of markets and customer base under MacKenzie's leadership.

President of SMART since 2002, MacKenzie has worked for more than 25 years in the electronics industry in the areas of operations, and general management for corporations spanning the components, PC, and server markets. As president of SMART, he has been responsible for leading, driving and managing all aspects of the Company. As CEO, he will continue in his leadership role and work directly with the Board of Directors to chart SMART's future direction and continue to grow its profitability, customer base, and reputation for delivering high-quality products and services.

"It is an exciting time to be at the helm of SMART Modular Technologies," said MacKenzie. "I am looking forward to meeting the challenges in my new role and, with the support of our strong team, to build on SMART's position as a market leader."

About SMART

SMART Modular Technologies is a leading provider of memory products and liquid-crystal display (LCD) solutions, offering more than 500 standard and custom products to top-tier OEMs working in computer, industrial, networking, gaming, telecommunications, and embedded applications. Taking innovations from the design stage through manufacturing and delivery, SMART has developed a comprehensive memory product line that includes DRAM, SRAM, and Flash in various form factors. The Display Products Group operates from two locations, the U.S. and Asia (through its affiliate, Estecom), allowing it to quickly and cost-effectively deliver worldwide thin film transistors (TFT) LCD solutions to customers developing casino gaming systems as well as embedded applications such as kiosk, ATM, point-of-service, and industrial control systems. Manufacturing facilities, design centers, and sales offices in the U.S., Europe, Asia, and Latin America enable SMART to provide its customers with proven expertise in international logistics, asset management, and supply chain management.

Distributed by Market Wire