Summary
Broadcom Inc. announced a significant addition to its Board of Directors with the appointment of Raul J. Fernandez, effective January 10, 2020. Mr. Fernandez brings a wealth of experience, particularly in technology and software, having founded and led multiple companies including Proxicom, Inc. and ObjectVideo, Inc. His background also includes significant roles in sports and entertainment with Monumental Sports & Entertainment, and advisory positions with growth and private equity firms. Investors will find Mr. Fernandez's appointment noteworthy due to his extensive operating experience, history as a public company director (currently serving on GameStop's board and formerly on Kate Spade & Co.'s), and his past advisory role on President George W. Bush's Council of Advisors on Science and Technology. His qualifications suggest a valuable perspective for Broadcom's strategic direction and governance. Mr. Fernandez will receive standard compensation for independent directors, including an initial restricted share unit award.
Key Highlights
- 1Broadcom Inc. appointed Raul J. Fernandez as an independent director to its Board of Directors, effective January 10, 2020.
- 2Mr. Fernandez has a strong background in technology, including founding and serving as CEO of ObjectVideo, Inc. and Proxicom, Inc.
- 3His experience extends to sports and entertainment as Vice Chairman of Monumental Sports & Entertainment.
- 4He holds advisory roles with growth and private equity firms, General Atlantic Partners and Carrick Capital Partners.
- 5Mr. Fernandez currently serves on the board of GameStop Corp. and has prior public company board experience with Kate Spade & Co.
- 6His appointment is expected to leverage his extensive operating and executive leadership experience in technology and software sectors.
- 7Mr. Fernandez will be compensated according to Broadcom's standard non-employee director arrangements, including an initial restricted share unit award.