BUZZ - Super Micro appoints Mark Long as Chief Financial Officer; shares fall

October 15 - ** Shares of artificial intelligence server manufacturer Supermicro Computer (Supermicro Computer, SMCI.O) fell more than 4% in pre-market trading to $34.23.

** The company appointed Mark Long as Chief Financial Officer, effective immediately.

** Mark succeeds David Weigand, who had served as the company's Chief Financial Officer since 2021.

** Mark previously served as Chief Financial Officer and Chief Strategy Officer at data storage company Western Digital.

** This personnel change comes nearly two years after the AI server manufacturer began searching for a new finance chief due to a third-party accounting review.

** Of 20 brokerages, 4 rate the stock as “Buy”, 12 as “Hold”, and 4 as “Sell”; the median target price is $43 — data compiled by LSEG.

** As of the close of the previous trading day, the stock had gained 22.2% year-to-date.

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