October 08, 2024

Carbice Appoints Harold Covert as CFO

Carbice appoints semiconductor and technology industry veteran Harold Covert as CFO to lead its global finance organization. The technology company brings on its first finance chief as it enters a phase of rapid growth in critical sectors including data centers, aerospace, energy systems, and automotive.

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ATLANTA, GA – Carbice Corporation today announced the appointment of Harold Covert as Chief Financial Officer (CFO), effective immediately. Mr. Covert brings extensive experience in global finance, mergers and acquisitions, and capital raising to Carbice, the company helping customers develop scalable interface solutions that protect the performance of semiconductors and electrical components from overheating in any physical environment. sustainably manufactured, reliable, easy-to-use, and affordable.

Leveraging aligned carbon nanotube (CNT) technology, Carbice simulates, manufactures and implements its scalable interface solutions to protect all electronics from heat for customers across the automotive, consumer electronics, aerospace and defense, data center, networking, and energy systems sectors. Compared to conventional materials solutions, Carbice’s sustainably manufactured, reliable, easy-to-use, and affordable interface solutions enable strong system performance for semiconductors and electrical components. Carbice provides an added layer of protection to combat increasing power demands and prevent system failure in any physical environment.

Mr. Covert will set financial strategy and oversee the company’s global finance organization, with responsibility for all aspects of financial management, including budgeting, planning, forecasting, controls, and financial reporting. Serving as strategic and analytical business advisor to the CEO and the executive leadership team, he will also lead the development and execution of Carbice’s capital raising strategy as well as relationship-building with contract manufacturers and channels to further support the company’s global footprint.

Harold Covert, Chief Financial Officer, Carbice

“I am very excited to join Carbice as Chief Financial Officer and play a meaningful role in the next chapter of the company’s success,” said Mr. Covert. “Carbice is a leading-edge technology company with unique, widely deployable carbon nanotube technology for critical sectors including automotive, consumer electronics, aerospace and defense, data center, networking, and energy systems. They have an impressive footprint in Atlanta, Georgia, which is rapidly becoming a technology center in the southeast United States and where Carbice now runs the world’s largest CNT manufacturing facility. Working closely with the team led by Dr. Baratunde Cola, I look forward to contributing to Carbice’s great success.”

Carbice is a leading-edge technology company with unique, widely deployable carbon nanotube technology for critical sectors including automotive, consumer electronics, aerospace and defense, data center, networking, and energy systems.

Harold Covert
CFO, Carbice

Prior to joining Carbice, Mr. Covert was CFO at Imagine Communications Inc., where he led the finance, planning, IT, HR, and legal teams and shepherded an operating plan focused on double digit revenue growth driven by new products and expanding EBITDA in line with external benchmarks.

He has held numerous financial leadership positions during a highly successful career, serving as CFO of public and private companies that include Silicon Graphics, Inc., Adobe Systems, Inc., Harmonic, Inc., Lumos Networks, Inc., Silicon Image, Inc., Openwave Systems, Inc., Extreme Networks, Inc., and ISC Systems, Inc. Among Mr. Covert’s key achievements as CFO are numerous successful executions of significant corporate transitions; leadership in the process of increasing market valuation through the substantial expansion of operating profit and key strategic acquisitions; and the modernization of information technology and business process systems.

A United States Army veteran, Mr. Covert holds a B.S. in accounting from Lake Erie College and an M.B.A from Cleveland State University. A certified public accountant (CPA), he also serves on the board of directors for Lumentum Holdings, Inc., including as chairperson of the audit committee.

"Harold is an accomplished CFO who has guided both public and private companies through meaningful transformation during his truly impressive career. He brings a proven track record of driving strong financial results and instilling financial and operational discipline," said Dr. Baratunde Cola, CEO and Founder of Carbice. "Harold’s strategic financial leadership, broad operating experience, and deep knowledge will be extremely valuable in helping Carbice to deliver profitable growth, operate with efficiency at scale, and create value for our shareholders. We are thrilled to welcome Harold to the Carbice team." 

Harold’s strategic financial leadership, broad operating experience, and deep knowledge will be extremely valuable in helping Carbice to deliver profitable growth, operate with efficiency at scale, and create value for our shareholders.

Dr. Baratunde Cola
CEO and Founder of Carbice.

Company Overview:

Founded in 2011, Carbice is an Atlanta, Georgia-based company that develops scalable interface solutions to protect the performance of semiconductors and electrical components from heat and stress in any physical environment. From simulation to manufacturing to implementation, Carbice partners with companies in the automotive, consumer electronics, aerospace and defense, data center, networking, and energy systems sectors to enable innovation, drive system cost reduction, and lengthen electronic lifespan. With its class of sustainably manufactured, reliable, easy-to-use, and affordable solutions, Carbice is leveraging aligned carbon nanotube technology to create a future where all electronics are protected from overheating. For more information, visit Carbice.com.