Business
SkyWater Expands Board of Directors with Appointment of Timothy Baxter, Tammy Miller and Andy LaFrence
Seasoned financial and technology executives join board to support ongoing business momentum and help drive SkyWater’s next phase of growth Gary Obermiller
About this update from Skywater Technology, Inc.
[{"type":"text","content":"\nSeasoned financial and technology executives join board to support ongoing business momentum and help drive SkyWater’s next phase of growth\n\nGary Obermiller to retire as board chair; Timothy Baxter poised to become chair pending results of election at SkyWater’s Annual Meeting\n\n BLOOMINGTON, Minn.--(BUSINESS WIRE)--\nSkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the appointment of three accomplished professionals to its board of directors: Timothy E. Baxter, Tammy J. Miller and Andrew D.C. LaFrence, effective March 31, 2025. These distinguished leaders bring a wealth of knowledge and experience that will help shape the company’s strategic direction and drive its continued growth. Mr. Baxter and Mr. LaFrence will serve on the Board’s Audit Committee and Ms. Miller will serve on the Audit and Compensation Committees. Gary Obermiller, who has served as SkyWater’s chair since the company’s founding in 2017, will be retiring from SkyWater’s Board upon the conclusion of the Annual Meeting on May 21, 2025. Timothy Baxter, pending the results of the Annual Meeting, will become the new board chair.\n\nRegarding this transition, Mr. Obermiller said, “For the past eight years, I have been honored to serve as SkyWater’s chair; it has been an incredible journey to help build and grow the company. I’m immensely proud of what we’ve accomplished together and grateful to the talented teams who made it all possible. As I retire from this position, I do so with full confidence in the company’s continued success, the strength of its board and new chair, and the leadership moving forward.”\n\nTimothy E. Baxter\n\nMr. Baxter is well-qualified to serve as chair of SkyWater’s board due to his multiple board positions, including serving as director of Breville Holdings Ltd.; lead outside director of First Orion Corp.; chair of Alliance Mobile; and chair of VueReal Inc. He has also served on the Board of Trustees for Roger Williams University (four years as chair). Mr. Baxter brings significant experience in marketing, brand-building and growing businesses focused on emerging technologies, as well as extensive business relationships. He is an experienced corporate leader, having spent thirteen years in senior executive roles at Samsung Electronics Co., LTD. He rose to become president and CEO, North...