WULF - TeraWulf Announces Appointment of New Independent Directors to the Board | Benzinga
EASTON, Md., Jan. 12, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (NASDAQ:WULF) ("TeraWulf" or the "Company"), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more than 91% zero-carbon energy, today announced the appointment of two new independent directors to its board of directors: Christopher Jarvis, a proven cybersecurity expert with nearly 40 years of public and private sector leadership experience supporting national security; and Amanda Fabiano, a recognized leader in the bitcoin mining industry with extensive strategic and operational experience.
These new appointments follow the recent resignation of board member Jason New to focus on his new professional responsibilities at Lazard as Vice Chairman of Investment Banking. With these new appointments, effective January 12, 2024, TeraWulf's board will consist of ten directors, six of whom are independent.
"We are delighted to welcome Chris and Amanda to our board of directors, both of whom bring significant experience that is directly relevant to our strategy of being the leading low-cost, zero-carbon bitcoin mining company," said Paul Prager, Chairman and Chief Executive Officer of TeraWulf. "Chris will bring invaluable cybersecurity expertise to our board with experience managing large and complex organizations. Similarly, Amanda's unique industry network and strategic perspective from over ten years spent in the bitcoin mining sector make her an excellent addition to the TeraWulf team. We expect to gain valuable insights from each, given their respective backgrounds, and are confident they will complement the execution of our governance and strategic capabilities as we seek to create sustainable value for our stakeholders."
Cassie Motz, Chair of the Board's Nominating and Corporate Governance Committee, stated, "As TeraWulf continues to evolve, we are committed to regularly evaluating our board's composition to ensure we have the right mix of skills and experience to advance our goals and reflect the diverse perspectives of TeraWulf's stakeholders." Motz continued, "Both of these highly accomplished leaders are known not only for their stellar technical abilities in their fields, but, also importantly, for their personal integrity and values."
"Our highly qualified board brings a diverse range of insights and backgrounds to support the Company's ambitions; including deep industry knowledge in bitcoin mining, capital allocation experience to support organic and inorganic growth, management and financial expertise, and digital innovation leadership," said Prager.
Prager concluded, "On behalf of the entire board, I thank Jason New for his valuable contribution and commitment to TeraWulf over the last few years and wish him success in his future endeavors. Jason's thoughtful insights have been invaluable, and we are ...