Analog Devices, Inc. has announced that Richard C. Puccio, Jr. will join the company on February 5, 2024 as executive vice president and chief financial officer. In this role, Mr. Puccio will set ADI’s financial strategy and lead the company’s global finance operations. Mr. Puccio will report to CEO and chair Vincent Roche.
“Rich brings tremendous experience and capability from his more than three decades of leading financial advisory and high-growth business operations activities in complex technology sectors, and this makes him a great addition to ADI’s leadership team. We welcome Rich’s sharp business acumen to enable ADI to accelerate the effectiveness of our operations in a world of increasing opportunity and complexity,” said Vincent Roche, ADI’s CEO and chair. “I would also like to thank Jim Mollica for his partnership and contribution as interim CFO, and I look forward to Jim’s continued leadership in ADI’s finance organization.”
Mr. Puccio joins ADI from Amazon Web Services (AWS) where he served as CFO. In his role at AWS, Mr. Puccio partnered closely with the business to manage more than 200 fully featured services, including compute, storage, databases, robotics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile and security, among many other technologies. Prior to his role at AWS, Mr. Puccio was at PricewaterhouseCoopers (PwC) for nearly 29 years, where he served as a partner for over two decades. During his tenure at PwC, Mr. Puccio primarily served clients in the global technology, semiconductor and semiconductor capital equipment industries.
“With its innovative spirit, amazing talent and dedication to enriching lives and the world around us, ADI has exceptionally strong growth potential. I’m delighted to be joining ADI as the company’s new CFO and look forward to bringing my digital, software, and platform experience to the company as we play an increasingly important role in creating the Intelligent Edge and driving new levels of shareholder value,” said Richard C. Puccio.
Richard Puccio earned his AB in Economics from Harvard University and his MBA from Boston University.
Comment on this article below or via X @IoTGN
January 26, 2024
Posted by: Magda Dabrowska
Flowfinity has announced enhanced capabilities of its platform to integrate systems so clients can better manage data accessibility for operational intelligence and situational awareness. (more…)
January 25, 2024
Posted by: Magda Dabrowska
Morse Micro has announced a live demonstration of Wi-Fi Certified HaLow technology, showcasing its ability to extend up to three kilometres (nearly two miles). The field test took place in San Francisco’s Ocean Beach neighbourhood and aimed to highlight the long-range capabilities of sub-GHz Wi-Fi HaLow signals in challenging real-world conditions. (more…)
January 24, 2024
Posted by: Magda Dabrowska
In China’s autonomous region of Inner Mongolia, China Unicom Inner Mongolia has been making significant efforts to build digital villages, to vitalise the local economy and enhance the lives of residents. Collaborating with Huawei and other partners, the telecom operator has expedited the development of digital information infrastructure, using advanced technologies to drive the transformation of these villages. As a result, local residents have experienced numerous benefits from these initiatives. (more…)
January 23, 2024
Posted by: Magda Dabrowska
Netmore Group has formed a partnership with the Danfoss business unit Leanheat to enhance energy efficiency in properties throughout Sweden. By leveraging Netmore’s LoRaWAN technology, the collaboration aims to achieve significant energy savings of 20-25%. The focus is on optimising energy consumption and reducing waste in buildings.
The partnership between Netmore and Danfoss aims to enhance the energy management of Swedish properties. Utilising temperature and humidity sensors together with Danfoss Leanheat’s AI-supported software, the initiative is expected to contribute to reducing energy consumption in the involved properties, with the potential for 20-25% energy savings.
Danfoss Leanheat’s approach includes the option of installing sensors in apartments for detailed energy usage data, although it is not mandatory for the functionality of the system. Danfoss has, together with Netmore, added more than 2,000 sensors to Netmore’s network in a short period and more are on the way. This deployment remains a key component in achieving the projected energy savings.
Beyond immediate energy efficiency improvements, this partnership sets the foundation for future exploration of additional use cases. By reducing energy consumption in heating and ventilation, this collaboration promotes environmental sustainability as well as offers financial benefits to property owners. It contributes to more sustainable and efficient property management practices, aligning with long-term goals of both cost savings and environmental responsibility.
“Establishing a robust and secure technical network is essential for connected property management,” Maria Gihlström, a sales manager at Danfoss Digital Services, said. “Our partnership with Netmore is crucial in developing a digital infrastructure that supports interconnected systems and sensors, providing a comprehensive solution for digital energy optimisation. Our goal is to offer property owners real-time data insights to enhance sustainability and efficiently manage energy consumption.”
Eric Collinder, a country manager for Nordics at Netmore Group AB, said, “Partnering with Danfoss represents an important step in the connected real estate sector. We are pleased that our LoRaWAN-enabled connectivity, which is focused on operational efficiency, forms a key part of Danfoss’s energy management solutions. This collaboration underlines our commitment to providing technology that supports effective digitisation in the real estate industry.”
Comment on this article below or via X @IoTGN
January 22, 2024
Posted by: Magda Dabrowska
Xalient customer Abode has been recognised for their new product, the Abode Edge Camera. Xailient AI runs inside the Abode Edge Camera, watching for anomalies like package deliveries or strangers on the premises and screening out normal activity like family or natural motion that can confuse less advanced cameras. (more…)
January 18, 2024
Posted by: Magda Dabrowska
Sims Limited has emerged as 2024’s most sustainable corporation on Corporate Knights’ Global 100 index. This is the company’s tenth and highest ranked inclusion on the list. (more…)
January 17, 2024
Posted by: Magda Dabrowska
TÜV Rheinland has announced that it has become an authorised test lab (ATL) for Wi-Fi Alliance at a global level. The company is among the first ATLs in the world, so it can support customers in Wi-Fi Alliance certification across regions. (more…)
January 10, 2024
Posted by: Magda Dabrowska
Hyundai Motor Company and Kia entered into a partnership with Samsung Electronics on January 3 to establish a car-to-home and home-to-car service. The objective of this collaboration is to improve the connectivity between residential and mobility environments, fostering seamless integration and convenience for users. (more…)
January 9, 2024
Posted by: Magda Dabrowska
Omni Design Technologies has announced their expanded silicon IP solutions, on advanced FinFET (fin-shaped field-effect transistor) nodes, for next-generation LiDAR (light detection and ranging) applications. (more…)
January 8, 2024
Posted by: Magda Dabrowska