{"success":true,"data":{"pressRelease":{"id":"151542","rtpr_id":"nWkr4rXzb5-20260924","ticker":"SIVEH","exchange":"Nasdaq Stockholm","all_tickers":["SIVEH"],"title":"Sivers Semiconductors Makes Changes to Senior Leadership Team for Next Phase of Commercial Growth","author":"Cision","published_at":"2026-09-24T05:00:08.773Z","article_body":"Sivers Semiconductors\nIndustry Veterans Join Sivers as the Company Advances its Wireless And\nPhotonics Products Toward Broader Commercialization And Scale\n\nKista, Sweden, September 24, 2026 - Sivers Semiconductors\n(https://www.sivers-semiconductors.com/) AB (STO: SIVE), a global leader in\nphotonics and wireless technologies, today announced a series of senior\nleadership changes across its Wireless and Photonics businesses as the company\nmoves into its next phase of commercial growth.\n\nMarc Pegulu will join Sivers as Managing Director of Wireless, effective\nSeptember 28, 2026. Marc brings more than 25 years of experience in delivering\nprofitable growth of product businesses across RF, wireless and mixed-signal\ntechnologies. His past assignments include compelling P&L leadership roles at\nSemtech and Qorvo that span across multiple market segments and geographies of\ninterest to Sivers.\n\nHarish Krishnaswamy, currently Managing Director of Wireless and co-founder of\nMixComm, which was acquired by Sivers in 2021, will become Chief Strategy\nOfficer (CSO). In this role, Harish will focus on corporate strategy, M&A and\nnew business initiatives, building on his experience in technology development\nand business development at Sivers.\n\nDavid Clark will join Sivers as VP of Engineering for Photonics, effective\nOctober 31, 2026. David has more than 25 years of experience across photonics,\nsemiconductor packaging, engineering management, product marketing and product\nline leadership. His career includes roles at Agilent, Leica Microsystems and\nFlipChip International, and more than 12 years at Amkor Technology, where he\nworked on the commercialization and production ramps of advanced packaging\ntechnologies and R&D programs.\n\nAndrew McKee, currently CTO of Photonics and co-founder of CST Global, which\nwas acquired by Sivers in 2017, will retire from the company. Andrew will\nsupport the transition to David through the end of 2026.\n\n\"Sivers is entering an important new phase. We have built a strong foundation\nof technology and products across wireless and photonics, and our focus now is\non turning that foundation into commercial growth and scale,\" said Vickram\nVathulya, President & CEO of Sivers Semiconductors. \"We are strengthening our\nsenior leadership team to help drive that next phase, and I am proud that\nSivers continues to attract people of this caliber from across the industry.\nTheir decision to join us is a strong endorsement of our technology, our team\nand the opportunity ahead.\"\n\nVathulya added: \"I also want to thank Harish and Andrew for their passion and\ndrive as founders to develop our technologies and businesses to their current\nstate at Sivers. We wish Harish all the best on his new assignment as CSO, and\nAndy a well-deserved retirement and time with his family.\"\n\nAbout Sivers Semiconductors\n\nWe are Critical Enablers of a Greener Data Economy with Energy Efficient\nPhotonics & Wireless Solutions. Our differentiated high-precision laser and RF\nbeamformer technologies help our customers in key markets such as AI Data\nCenters, SATCOM, Defense, and Telecom solve essential performance challenges\nwhile enabling a much greener footprint. Visit us\nat: www.sivers-semiconductors.com.\n\n \n\n### \n\nMedia Contact   \nTyler Weiland \nShelton Group\n+1-972-571-7834\ntweiland@sheltongroup.com\n\nCompany Contact\nHeine Thorsgaard\nCFO \nir@sivers-semiconductors.com\n\nhttps://news.cision.com/sivers-semiconductors/r/sivers-semiconductors-makes-changes-to-senior-leadership-team-for-next-phase-of-commercial-growth%2Cc4399523\n\n\n\n(c) Cision 2026","article_body_html":"","raw_payload":{"data":{"id":"nWkr4rXzb5-20260924","title":"Sivers Semiconductors Makes Changes to Senior Leadership Team for Next Phase of Commercial Growth","author":"Cision","ticker":"SIVEH","created":"2026-09-24T05:00:08.773Z","tickers":["SIVEH"],"exchange":"Nasdaq Stockholm","article_body":"Sivers Semiconductors\nIndustry Veterans Join Sivers as the Company Advances its Wireless And\nPhotonics Products Toward Broader Commercialization And Scale\n\nKista, Sweden, September 24, 2026 - Sivers Semiconductors\n(https://www.sivers-semiconductors.com/) AB (STO: SIVE), a global leader in\nphotonics and wireless technologies, today announced a series of senior\nleadership changes across its Wireless and Photonics businesses as the company\nmoves into its next phase of commercial growth.\n\nMarc Pegulu will join Sivers as Managing Director of Wireless, effective\nSeptember 28, 2026. Marc brings more than 25 years of experience in delivering\nprofitable growth of product businesses across RF, wireless and mixed-signal\ntechnologies. His past assignments include compelling P&L leadership roles at\nSemtech and Qorvo that span across multiple market segments and geographies of\ninterest to Sivers.\n\nHarish Krishnaswamy, currently Managing Director of Wireless and co-founder of\nMixComm, which was acquired by Sivers in 2021, will become Chief Strategy\nOfficer (CSO). In this role, Harish will focus on corporate strategy, M&A and\nnew business initiatives, building on his experience in technology development\nand business development at Sivers.\n\nDavid Clark will join Sivers as VP of Engineering for Photonics, effective\nOctober 31, 2026. David has more than 25 years of experience across photonics,\nsemiconductor packaging, engineering management, product marketing and product\nline leadership. His career includes roles at Agilent, Leica Microsystems and\nFlipChip International, and more than 12 years at Amkor Technology, where he\nworked on the commercialization and production ramps of advanced packaging\ntechnologies and R&D programs.\n\nAndrew McKee, currently CTO of Photonics and co-founder of CST Global, which\nwas acquired by Sivers in 2017, will retire from the company. Andrew will\nsupport the transition to David through the end of 2026.\n\n\"Sivers is entering an important new phase. We have built a strong foundation\nof technology and products across wireless and photonics, and our focus now is\non turning that foundation into commercial growth and scale,\" said Vickram\nVathulya, President & CEO of Sivers Semiconductors. \"We are strengthening our\nsenior leadership team to help drive that next phase, and I am proud that\nSivers continues to attract people of this caliber from across the industry.\nTheir decision to join us is a strong endorsement of our technology, our team\nand the opportunity ahead.\"\n\nVathulya added: \"I also want to thank Harish and Andrew for their passion and\ndrive as founders to develop our technologies and businesses to their current\nstate at Sivers. We wish Harish all the best on his new assignment as CSO, and\nAndy a well-deserved retirement and time with his family.\"\n\nAbout Sivers Semiconductors\n\nWe are Critical Enablers of a Greener Data Economy with Energy Efficient\nPhotonics & Wireless Solutions. Our differentiated high-precision laser and RF\nbeamformer technologies help our customers in key markets such as AI Data\nCenters, SATCOM, Defense, and Telecom solve essential performance challenges\nwhile enabling a much greener footprint. Visit us\nat: www.sivers-semiconductors.com.\n\n \n\n### \n\nMedia Contact   \nTyler Weiland \nShelton Group\n+1-972-571-7834\ntweiland@sheltongroup.com\n\nCompany Contact\nHeine Thorsgaard\nCFO \nir@sivers-semiconductors.com\n\nhttps://news.cision.com/sivers-semiconductors/r/sivers-semiconductors-makes-changes-to-senior-leadership-team-for-next-phase-of-commercial-growth%2Cc4399523\n\n\n\n(c) Cision 2026"},"type":"article","timestamp":"2026-09-24T05:00:08.870903342Z","server_sent_at_ms":1790226008870},"received_at":"2026-09-24T05:00:08.922Z","source_url":"https://news.cision.com/sivers-semiconductors/r/sivers-semiconductors-makes-changes-to-senior-leadership-team-for-next-phase-of-commercial-growth%2Cc4399523"},"analysis":{"id":"140343","press_release_id":"151542","analysis_json":{"industry":{"label":"Semiconductors & Semiconductor Equipment","sector":"Information Technology"},"redFlags":["CTO of Photonics retiring; successor is an external hire with transition only through end of 2026"],"eventType":"executive_change","narrative":"Sivers Semiconductors announced senior leadership changes across its Wireless and Photonics businesses as it targets commercial growth and scale.\n\nMarc Pegulu joins as Managing Director of Wireless on September 28, and David Clark joins as VP of Engineering for Photonics on October 31, both with 25+ years of industry experience.\n\nHarish Krishnaswamy becomes Chief Strategy Officer focused on corporate strategy and M&A, while Photonics CTO Andrew McKee will retire, supporting the transition through end of 2026.\n\nNo financial details were disclosed; the changes appear aimed at strengthening commercialization execution rather than responding to a crisis.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Commercialization-focused leadership refresh with hires from Semtech, Qorvo and Amkor — modest positive signal on execution readiness."},"keyFigures":{},"quotedText":"Sivers is entering an important new phase. We have built a strong foundation of technology and products across wireless and photonics, and our focus now is on turning that foundation into commercial growth and scale","namedEntities":{"people":[{"name":"Marc Pegulu","role":"incoming Managing Director of Wireless (ex-Semtech, Qorvo)"},{"name":"Harish Krishnaswamy","role":"Chief Strategy Officer (incoming), former Managing Director of Wireless"},{"name":"David Clark","role":"incoming VP of Engineering, Photonics"},{"name":"Andrew McKee","role":"retiring CTO of Photonics"},{"name":"Vickram Vathulya","role":"President & CEO"},{"name":"Heine Thorsgaard","role":"CFO"}],"products":[],"companies":[{"name":"Sivers Semiconductors AB","ticker":"SIVE","relationship":"filer"},{"name":"MixComm","relationship":"acquired by Sivers in 2021"},{"name":"CST Global","relationship":"acquired by Sivers in 2017"},{"name":"Semtech","relationship":"Marc Pegulu prior employer"},{"name":"Qorvo","relationship":"Marc Pegulu prior employer"},{"name":"Amkor Technology","relationship":"David Clark prior employer"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"Routine leadership reshuffle: two experienced external hires and an internal promotion to CSO, with a planned CTO retirement and orderly transition. No CEO/CFO departure or strategic pivot disclosed."},"tickerRelevance":{"others":[{"ticker":"SIVE","relevance":"Stockholm-listed ticker of the same filer cited in the release"}],"primary":"SIVEH"},"globalImportance":18,"audienceRelevance":15,"eventTypeSecondary":["board_change"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"routine leadership changes with planned transition","issuerAuthored":true,"marketCapAdjustment":"micro-cap foreign issuer (Nasdaq Stockholm, US OTC SIVEH)"}},"event_type":"executive_change","event_type_secondary":["board_change"],"sentiment":"neutral","material_impact_score":2,"narrative":"Sivers Semiconductors announced senior leadership changes across its Wireless and Photonics businesses as it targets commercial growth and scale.\n\nMarc Pegulu joins as Managing Director of Wireless on September 28, and David Clark joins as VP of Engineering for Photonics on October 31, both with 25+ years of industry experience.\n\nHarish Krishnaswamy becomes Chief Strategy Officer focused on corporate strategy and M&A, while Photonics CTO Andrew McKee will retire, supporting the transition through end of 2026.\n\nNo financial details were disclosed; the changes appear aimed at strengthening commercialization execution rather than responding to a crisis.","key_figures":{},"named_entities":{"people":[{"name":"Marc Pegulu","role":"incoming Managing Director of Wireless (ex-Semtech, Qorvo)"},{"name":"Harish Krishnaswamy","role":"Chief Strategy Officer (incoming), former Managing Director of Wireless"},{"name":"David Clark","role":"incoming VP of Engineering, Photonics"},{"name":"Andrew McKee","role":"retiring CTO of Photonics"},{"name":"Vickram Vathulya","role":"President & CEO"},{"name":"Heine Thorsgaard","role":"CFO"}],"products":[],"companies":[{"name":"Sivers Semiconductors AB","ticker":"SIVE","relationship":"filer"},{"name":"MixComm","relationship":"acquired by Sivers in 2021"},{"name":"CST Global","relationship":"acquired by Sivers in 2017"},{"name":"Semtech","relationship":"Marc Pegulu prior employer"},{"name":"Qorvo","relationship":"Marc Pegulu prior employer"},{"name":"Amkor Technology","relationship":"David Clark prior employer"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-24T05:00:14.996Z","global_importance":18,"audience_relevance":15,"importance_components":{"tickerTier":"small-cap","eventGravity":"routine leadership changes with planned transition","issuerAuthored":true,"marketCapAdjustment":"micro-cap foreign issuer (Nasdaq Stockholm, US OTC SIVEH)"}},"durationMs":6061,"modelName":"glm-5.3-flashx"}}