{"id":964271,"date":"2026-05-18T17:20:17","date_gmt":"2026-05-18T21:20:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/penguin-solutions-strengthens-ai-factory-platform-strategy-with-appointment-of-david-heard-to-board-of-directors\/"},"modified":"2026-05-18T17:20:17","modified_gmt":"2026-05-18T21:20:17","slug":"penguin-solutions-strengthens-ai-factory-platform-strategy-with-appointment-of-david-heard-to-board-of-directors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/penguin-solutions-strengthens-ai-factory-platform-strategy-with-appointment-of-david-heard-to-board-of-directors\/","title":{"rendered":"Penguin Solutions Strengthens AI Factory Platform Strategy with Appointment of David Heard to Board of Directors"},"content":{"rendered":"

<\/p>\n

Penguin Solutions Strengthens AI Factory Platform Strategy with Appointment of David Heard to Board of Directors<\/b><\/p>\n

FREMONT, Calif.–(BUSINESS WIRE<\/a>)–Penguin Solutions<\/a>, Inc. (\u201cPenguin Solutions\u201d or the \u201cCompany\u201d) (Nasdaq: PENG<\/a>), the AI Factory Platform company, today announced that David Heard, President of Network Infrastructure at Nokia, has been appointed to Penguin Solutions\u2019 board of directors, effective immediately.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260518589175\/en\/<\/a><\/p>\n

\"David<\/p>\n

David Heard, President of Network Infrastructure at Nokia, has been appointed to Penguin Solutions\u2019 board of directors. His track record of operational execution and scaling global businesses is expected to complement the board\u2019s expertise as Penguin Solutions continues to converge its capabilities in memory and AI infrastructure.<\/p>\n<\/div>\n

\nHeard is a seasoned technology executive with more than three decades of experience leading large-scale technology and infrastructure organizations through periods of growth and transformation. His track record of operational execution and scaling global businesses is expected to complement the board\u2019s expertise as Penguin Solutions continues to converge its capabilities in memory and AI infrastructure.<\/p>\n

\n\u201cDavid brings experience scaling complex infrastructure platforms, optical networking technologies, and global operations,\u201d said Kash Shaikh, President and CEO of Penguin Solutions. \u201cAs enterprises accelerate adoption of inference and agentic AI workloads, and demand for memory and AI infrastructure continues to grow, we believe David\u2019s strategic insight and industry expertise will be valuable to the continued advancement of our AI Factory Platform strategy and our work helping customers deploy AI at production scale.\u201d<\/p>\n

\nHeard has served as President of Network Infrastructure at Nokia (NYSE: NOK) since June 2025. He joined Nokia in February 2025 following its acquisition of Infinera Corporation (formerly Nasdaq: INFN), where he served as Chief Executive Officer. Prior to joining Infinera in June 2017, Heard held leadership roles at several technology companies, including JDS Uniphase Corporation, BigBand Networks, Inc., Somera Communications, Inc., Lucent Technologies, and AT&T.<\/p>\n

\n\u201cI am honored to join the Penguin Solutions board at an important time for both the Company and the broader AI industry,\u201d said Heard. \u201cThe Company\u2019s AI Factory Platform strategy, built on the convergence of memory and AI infrastructure, strategically positions Penguin Solutions to help customers address the growing demands of inference and next-generation AI deployments. I look forward to working with the board and management team to help drive long-term growth.\u201d<\/p>\n

\nHeard also served as a member of the board of directors of Infinera Corporation from November 2020 to February 2025 and currently serves on the Max M. Fisher College of Business Alumni Board. He holds a Master of Science in Management as a Sloan Fellow from the Stanford Graduate School of Business, a Master of Business Administration from the University of Dayton, and a Bachelor of Arts in Production and Operations Management from The Ohio State University.<\/p>\n

Use of Forward-Looking Statements<\/b><\/p>\n

\nThis press release contains \u201cforward-looking statements\u201d within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 that are not historical in nature, that are predictive or that depend upon or refer to future events or conditions. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements. These statements may include, but are not limited to, statements concerning the Company\u2019s AI Factory Platform strategy, the continued convergence of its memory and AI infrastructure capabilities, the anticipated benefits of Heard\u2019s appointment to the board, and the Company\u2019s ability to help its customers deploy and scale AI workloads. Forward-looking statements often use words such as \u201canticipate,\u201d \u201ctarget,\u201d \u201cexpect,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201ccould,\u201d \u201cwill,\u201d \u201cmay\u201d and other words of similar meaning. These forward-looking statements are based on current expectations, circumstances, aspirations and assumptions that are subject to factors and uncertainties that could cause actual results to differ materially from those described in these forward-looking statements. These forward-looking statements are subject to a number of significant risks, uncertainties and other factors, many of which are outside Penguin Solutions\u2019 control, including, among others, failure to realize opportunities relating to the Company\u2019s growth strategy, and other factors and risks detailed in Penguin Solutions\u2019 filings with the U.S. Securities and Exchange Commission (which include Penguin Solutions\u2019 most recent Annual Report on Form 10-K). Such factors and risks as outlined above and in such filings do not constitute all factors and risks that could cause actual results of Penguin Solutions to be materially different from Penguin Solutions\u2019 forward-looking statements. Accordingly, investors are cautioned not to place undue reliance on any forward-looking statements. These forward-looking statements are made as of the date of this press release, and Penguin Solutions does not intend, and has no obligation, to update or revise any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release, except as required by law.<\/p>\n

About Penguin Solutions<\/b><\/p>\n

\nPenguin Solutions (Nasdaq: PENG) is a leading provider of memory and AI infrastructure, powering the AI factories of the future for enterprises, sovereign AI initiatives, and neocloud providers.<\/p>\n

\nBuilt on decades of engineering expertise at the intersection of memory and AI\/HPC infrastructure, we bring together differentiated infrastructure software, advanced memory, compute systems, end-to-end services, and industry-leading partner solutions in a full-stack AI factory platform designed to help customers deploy and scale AI workloads with speed and precision.<\/p>\n

\nHeadquartered in Silicon Valley, California, we operate globally through our network of R&D, manufacturing, and sales locations. Learn more at PenguinSolutions.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260518589175\/en\/<\/a><\/span><\/p>\n

Investor Contact:
\n<\/b>
Suzanne Schmidt
\n
Investor Relations
\n
+1-510-360-8596
\n
ir@penguinsolutions.com<\/a><\/p>\n

PR Contact:
\n<\/b>
Maureen O\u2019Leary
\n
Corporate Communications
\n
+1-602-330-6846
\n
pr@penguinsolutions.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California<\/p>\n

INDUSTRY KEYWORDS:<\/b> Technology Engineering Telecommunications Software Manufacturing Networks Internet Hardware Data Management Artificial Intelligence<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n\n\n\n
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David Heard, President of Network Infrastructure at Nokia, has been appointed to Penguin Solutions\u2019 board of directors. His track record of operational execution and scaling global businesses is expected to complement the board\u2019s expertise as Penguin Solutions continues to converge its capabilities in memory and AI infrastructure.<\/font><\/td>\n<\/tr>\n
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Penguin Solutions Strengthens AI Factory Platform Strategy with Appointment of David Heard to Board of Directors FREMONT, Calif.–(BUSINESS WIRE)–Penguin Solutions, Inc. (\u201cPenguin Solutions\u201d or the \u201cCompany\u201d) (Nasdaq: PENG), the AI Factory Platform company, today announced that David Heard, President of Network Infrastructure at Nokia, has been appointed to Penguin Solutions\u2019 board of directors, effective immediately. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260518589175\/en\/ David Heard, President of Network Infrastructure at Nokia, has been appointed to Penguin Solutions\u2019 board of directors. His track record of operational execution and scaling global businesses is expected to complement the board\u2019s expertise as Penguin Solutions continues to converge its capabilities in memory and AI infrastructure. Heard is a seasoned technology executive with … <\/p>\n

Continue reading “Penguin Solutions Strengthens AI Factory Platform Strategy with Appointment of David Heard to Board of Directors”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-964271","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPenguin Solutions Strengthens AI Factory Platform Strategy with Appointment of David Heard to Board of Directors - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/penguin-solutions-strengthens-ai-factory-platform-strategy-with-appointment-of-david-heard-to-board-of-directors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penguin Solutions Strengthens AI Factory Platform Strategy with Appointment of David Heard to Board of Directors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Penguin Solutions Strengthens AI Factory Platform Strategy with Appointment of David Heard to Board of Directors FREMONT, Calif.–(BUSINESS WIRE)–Penguin Solutions, Inc. (\u201cPenguin Solutions\u201d or the \u201cCompany\u201d) (Nasdaq: PENG), the AI Factory Platform company, today announced that David Heard, President of Network Infrastructure at Nokia, has been appointed to Penguin Solutions\u2019 board of directors, effective immediately. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260518589175\/en\/ David Heard, President of Network Infrastructure at Nokia, has been appointed to Penguin Solutions\u2019 board of directors. His track record of operational execution and scaling global businesses is expected to complement the board\u2019s expertise as Penguin Solutions continues to converge its capabilities in memory and AI infrastructure. Heard is a seasoned technology executive with … Continue reading "Penguin Solutions Strengthens AI Factory Platform Strategy with Appointment of David Heard to Board of Directors"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/penguin-solutions-strengthens-ai-factory-platform-strategy-with-appointment-of-david-heard-to-board-of-directors\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-18T21:20:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20260518589175\/en\/2808758\/4\/David_Heard_Corp_Penguin_BoD.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penguin-solutions-strengthens-ai-factory-platform-strategy-with-appointment-of-david-heard-to-board-of-directors\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penguin-solutions-strengthens-ai-factory-platform-strategy-with-appointment-of-david-heard-to-board-of-directors\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Penguin Solutions Strengthens AI Factory Platform Strategy with Appointment of David Heard to Board of Directors\",\"datePublished\":\"2026-05-18T21:20:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penguin-solutions-strengthens-ai-factory-platform-strategy-with-appointment-of-david-heard-to-board-of-directors\\\/\"},\"wordCount\":1053,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penguin-solutions-strengthens-ai-factory-platform-strategy-with-appointment-of-david-heard-to-board-of-directors\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20260518589175\\\/en\\\/2808758\\\/4\\\/David_Heard_Corp_Penguin_BoD.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penguin-solutions-strengthens-ai-factory-platform-strategy-with-appointment-of-david-heard-to-board-of-directors\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penguin-solutions-strengthens-ai-factory-platform-strategy-with-appointment-of-david-heard-to-board-of-directors\\\/\",\"name\":\"Penguin Solutions Strengthens AI Factory Platform Strategy with Appointment of David Heard to Board of Directors - 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(\u201cPenguin Solutions\u201d or the \u201cCompany\u201d) (Nasdaq: PENG), the AI Factory Platform company, today announced that David Heard, President of Network Infrastructure at Nokia, has been appointed to Penguin Solutions\u2019 board of directors, effective immediately. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260518589175\/en\/ David Heard, President of Network Infrastructure at Nokia, has been appointed to Penguin Solutions\u2019 board of directors. His track record of operational execution and scaling global businesses is expected to complement the board\u2019s expertise as Penguin Solutions continues to converge its capabilities in memory and AI infrastructure. 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