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Toshiba Memory names former Intel CFO as chairman

Stacy Smith tapped to help the chipmaker strengthen overseas marketing

Toshiba Memory's new executive chairman, Stacy Smith, will use the network he built while working at Intel.   © Reuters

TOKYO -- Toshiba Memory said Thursday it appointed Stacy Smith, former chief financial officer of Intel, as executive chairman effective Oct. 1.

The former Toshiba chipmaking subsidiary, now under the umbrella of a multinational consortium led by U.S. private equity fund Bain Capital, is looking to strengthen overseas marketing while it prepares to go public in three years.

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