Quantum computing leader IonQ has appointed Peter Chapman as its next Chairman of the Board and Harry You as the Lead Independent Director. The appointments will take effect after IonQ’s Annual General Meeting on June 5, 2024. Chapman, also the CEO and President of IonQ, has been instrumental in transitioning IonQ from an academic to a commercial company. You, with a history of generating shareholder value, will continue as Chairman of the Audit Committee. Both appointments reflect IonQ’s commitment to expanding its leadership in the quantum computing industry.
IonQ Announces New Board Appointments
IonQ, a publicly listed company specializing in quantum computing, has recently announced the appointment of Peter Chapman as the upcoming Chairman of the Board and Harry You as the Lead Independent Director of the Board. These appointments will take effect following IonQ’s Annual General Meeting on June 5, 2024, as disclosed in a proxy statement issued on April 25, 2024.
Peter Chapman, who is also nominated for re-election as a Class III director at the meeting, has been with IonQ for half a decade, contributing significantly to the company’s transition from an academic to a commercial entity. Under his leadership, IonQ became the first publicly traded quantum computing systems company focused solely on this field. The company has consistently met and exceeded the technical and financial milestones it set before going public.
Harry You’s Appointment and Role
Harry You, nominated to become the Lead Independent Director of the Board, has a rich history of generating shareholder value. His notable achievements include the sale of EMC to Dell and the acquisition of VMWare by Broadcom. Both Chapman and You will continue to serve in their existing roles at the company, with Chapman as CEO and President and You as Chairman of the Audit Committee of IonQ’s Board.
Harry You is an experienced public company officer and board member who has guided major technology companies, including Accenture, Oracle, and EMC Corporation. Mr. You currently serves as Chairman of dMY Technology Group (“dMY”) and as Vice Chairman of GTY Technology Holdings Inc. (“GTY”). He has extensive and varied mergers and acquisitions experience, financial and strategic planning expertise, public company financial management experience, cybersecurity experience, executive leadership roles at various technology-driven companies, and his public company board and committee experience. Mr. You has been a member of IonQ’s board of directors since September 2021.
Quantum Computing Demand and Growth
IonQ has been at the forefront of the quantum computing industry, providing high-performance systems capable of tackling the world’s largest and most complex commercial and research use cases. It was one of the first play quantum computing companies that floated on the stock market via a SPAC. The company’s current generation quantum computer, IonQ Forte, boasts 36 algorithmic qubits. IonQ’s innovative technology and rapid growth have been recognized in Fast Company’s 2023 Next Big Things in Tech List and Deloitte’s 2023 Technology Fast 500™ List.
The demand for commercialized quantum computing systems has surged in recent years, driven by interest from both the public and private sectors. IonQ is well-positioned to capitalize on this trend, with a strong balance sheet, operational momentum, and a talented leadership team. The company is poised to pursue multiple avenues of growth and development in the field of quantum computing and quantum networking.
IonQ, Inc. specializes in quantum computing, delivering high-performance systems capable of solving complex commercial and research use cases. The company’s current generation quantum computer, IonQ Forte, is the latest in a line of cutting-edge ion-trap systems, with 36 algorithmic qubits. IonQ’s innovative technology and rapid growth have been recognized in Fast Company’s 2023 Next Big Things in Tech List and Deloitte’s 2023 Technology Fast 500 List. The company’s services are available through all major cloud providers, making quantum computing more accessible and impactful than ever before.
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