EX-99.1
Published on June 26, 2025
Exhibit 99.1
Teradyne Announces Election of Two New Independent Directors
Technology and semiconductor industry veterans Drew Henry and Dr. Necip Sayiner to join Board
NORTH READING, MA - June 26, 2025 - Teradyne, Inc. (NASDAQ:TER) announced the election of two new independent directors to its Board of Directors (the Board). Drew Henry, Executive Vice President of Strategy & Ecosystem at Arm Holdings, and Dr. Necip Sayiner, former President and CEO of Intersil Corporation, will join the Teradyne Board effective July 1, 2025. Mr. Henry was appointed to the Boards Compensation Committee and Nominating and Corporate Governance Committee, and Dr. Sayiner was appointed to the Boards Audit Committee.
These appointments are part of a multi-year board refreshment process, led by the Boards Nominating and Corporate Governance Committee and aided by an independent search firm, to thoughtfully evolve the Board with directors that possess complementary skills aligned with Teradynes strategic priorities to accelerate shareholder value creation. With these appointments and following the conclusion of Ford Tamers tenure as a Director at the 2025 Annual Meeting, the Board will expand from seven to nine directors, five of whom have been added over the past three years and eight of whom are independent.
We are very excited to welcome Drew and Necip to our Board of Directors, said Paul Tufano, Teradynes Chairman. Drews extensive experience within the semiconductor industry, particularly in the Compute space, will provide valuable insights to the Board as Teradyne pursues new opportunities in the Semiconductor Test and Product Test businesses. Necips deep technical expertise and leadership across networking and analog mixed signal, driving targeted growth through end market diversification, will provide a unique perspective to the Board across Teradynes businesses. We are confident that the Company will continue to benefit from the Boards perspectives and insights as we advance our efforts to push the technology and operating boundaries.
About Drew Henry
Drew Henry is the Executive Vice President of Strategy & Ecosystem at Arm Holdings, a global leader in semiconductor and software design. Since joining Arm in 2017, he has held multiple senior roles and helped shape Arms growth strategy across its global business. Mr. Henry brings more than 30 years of deep industry experience across the semiconductor, computing, and technology sectors, with a focus on strategic growth, platform development, and operational execution.
Prior to joining Arm, Mr. Henry served as the CEO of Acetti Software, a venture-funded cloud start-up, and held senior roles at SanDisk where he was the Senior Vice President and General Manager for various business units developing data storage solutions for telecommunication, consumer electronics, automotive, and cloud companies. Mr. Henry spent over a decade at Nvidia where he was the General Manager for GeForce, Nvidias brand of graphics processing units. He holds a Master of Science in Electrical Engineering from the University of Southern California and a BS in Engineering Physics from the University of the Pacific.
About Necip Sayiner
Dr. Necip Sayiner is a seasoned executive with over 25 years of leadership experience in the semiconductor industry and a proven track record of value creation. He served as President and CEO of Intersil Corporation, where he led the companys $3.2B sale to Renesas Electronics in 2017, and later joined Renesas as Executive Vice President and General Manager until 2019. Prior to Intersil, he was President and CEO of Silicon Laboratories and held senior executive positions at Agere Systems. Dr. Sayiner has also contributed to the broader industry as Chairman of the Semiconductor Industry Association. He currently serves on the boards of Sandisk, Rambus, and Axcelis Technologies.
Dr. Sayiner holds a Ph.D. in Electrical Engineering from the University of Pennsylvania, an MS in Engineering from Southern Illinois University, and dual BS degrees in Electrical and Electronics Engineering and Physics from Bosphorus University in Turkey.
About Teradyne
Teradyne (NASDAQ:TER) designs, develops, and manufactures automated test equipment and advanced robotics systems. Its test solutions for semiconductors and electronics products enable Teradynes customers to consistently deliver on their quality standards. Its advanced robotics business includes collaborative robots and mobile robots that support manufacturing and warehouse operations for companies of all sizes. For more information, visit teradyne.com. Teradyne® is a registered trademark of Teradyne, Inc., in the U.S. and other countries.
For more information, contact:
Traci Tsuchiguchi
Investor Relations
Tel 978.370.2444
investorrelations@teradyne.com