- Chief Executive Officer for Spin Transfer Technologies (Allied Minds subsidiary)
- Tom Sparkman is the successful candidate
BSG is delighted to announce an executive search placement of Tom Sparkman as the CEO at Spin Transfer Technologies (STT), a pioneer in MRAM (magnetoresistive random-access memory), a next generation memory technology that features very fast write-speeds, low power and virtually unlimited endurance.
THE CANDIDATE:
In this role as CEO, Tom Sparkman will be joining Spin Transfer Technologies (STT) at an important stage in its development as it seeks to convert its successes to date in developing key MRAM product differentiators into commercial success. Prior to joining STT, Sparkman was a Berkeley engineering undergraduate by training, he began his career at Motorola, before moving to Maxim Integrated Products where he played a key role in growing revenue from $50m in 1987 to $1.9bn in 2006. Subsequently Tom became CEO of Samplify Systems, a start-up delivering mixed signal semiconductor solutions, where he raised over $25m of capital from Charles River Ventures and others. More recently Tom held General Manager and Sales and Marketing roles at Integrated Device Technology and Spansion, the latter prior to its sale to Cypress Semiconductor.
THE CLIENT:Allied Minds is an IP commercialisation company focused on venture creation within the life science and technology sectors. With extensive access to hundreds of university and federal labs across the U.S., Allied Minds forms, funds, and operates a portfolio of companies to generate long-term value for its investors and stakeholders. Based in Boston, Allied Minds supports its businesses with capital, central management, and shared services.
Spin Transfer Technologies, Inc. was established by Allied Minds and New York University to develop and commercialize its Orthogonal Spin Transfer Magneto-Resistive Random Access Memory technology, OST-MRAM™. The technology, invented by Professor Andrew Kent, is a disruptive innovation in the field of spin-transfer-based MRAM devices, enabling faster switching times, lower power operation, lower manufactured device cost, and scalability to smaller lithographic dimensions.
ABOUT BSG TEAM VENTURES:
BSG believes that great businesses are run on people. Talent is the lifeblood of business. And almost all of BSG’s clients have a business context that requires what BSG calls the “builder-leader” profile.
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