Please find enclosed herewith Press Release on the subject RIR Power Electronics Limited appoints Perry Schugart as Global Marketing and Business Development Executive.
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RIR Power Electronics Ltd, a power semiconductor manufacturer, has appointed Perry Schugart as its Global Marketing and Business Development Executive. Mr. Schugart brings over 20 years of experience in the semiconductor and power electronics industry, having previously led marketing at Microchip Technology's Silicon Carbide (SiC) business unit and held senior roles at Silicon Power Corporation, Inficon, ABB, and American Superconductor Corporation. In his prior roles, he helped secure orders worth over $500 million and consistently drove revenue growth and higher product margins. The company is listed on the BSE with a market capitalization of ₹1,800 crores and manufactures power semiconductor devices rated up to 9000V and 6000A.
This appointment signals RIR's intent to expand its global footprint in the power semiconductor industry. Investors may view the hire of an experienced executive from a major SiC player like Microchip positively, as it could support future growth and international business development.