Harold Covert
Chief Financial Officer
Lonergan Partners is pleased to announce that Harold "Hal" Covert has been named Chief Financial Officer at Carbice, a leader in carbon nanotube technology. This appointment was the result of a global search process led by Kirsten Settle.
About Harold
Harold "Hal" 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.
He 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.
Prior to joining Carbice, Hal 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 Hal’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, Hal 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.
About Carbice
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.
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.
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. 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.
Harold "Hal" Covert, Chief Financial Officer, Carbice
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. 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.
Dr. Baratunde Cola, Chief Executive Officer and Founder, Carbice
Carbon nanotubes technology promises unprecedented advancements across industries - and Carbice has been relentless in pushing the boundaries of current materials manufacturing. Now Carbice welcomes Harold Covert, an experienced financial executive in Silicon Valley, as its new Chief Financial Officer. This partnership of expertise and vision will elevate Carbice to new heights.
Kirsten Settle, Partner, Lonergan Partners