Supermicro promised a new CFO in December 2024. A $2.5 billion smuggling case and a co-founder’s arrest later, it has one
Tech investor Mark Long has replaced former CFO David Weigand.
Supermicro, a hardware ally of Nvidia and Elon Musk’s SpaceX, has appointed its new chief financial officer, Mark Long, effective immediately. Long replaces David Weigand, who had been CFO for many years. Long, 59, has an impressive background with experience at Western Digital and an investment firm, Prime Impact Capital. The appointment comes amid a complex situation for Supermicro, which includes a controversial smuggling case and the arrest of the co-founder, Yih-Shyan "Wally" Liaw.
Liaw, along with two others, was indicted in a $2.5 billion smuggling case involving Nvidia’s export-controlled chips allegedly shipped to China. The arrest led to an internal investigation that found no evidence of senior management knowing about the scheme. Supermicro has been cooperating with law enforcement and has recently disclosed a grand jury subpoena related to Liaw’s indictment and their compliance program.
Despite the challenges, Long brings a wealth of experience and credibility to the role, aiming to restore confidence in Supermicro among investors.
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