Niron Magnetics Expands Board of Directors with Seasoned Technology and Finance Experts to Lead the Next Chapter of Growth

Jon Olson, current Board Member at AMD, Rocket Lab, and Kulicke & Soffa, and Eric Stang, CEO and Chairman of Ooma and current Board Member of Rambus, join Niron Magnetics’ Board of Directors

MINNEAPOLIS--(BUSINESS WIRE)--Niron Magnetics, the company manufacturing high-performance Iron Nitride permanent magnets made without rare earths, announced the appointment of Jon Olson and Eric Stang to its Board of Directors. Their deep experience in technology, finance, and scaling high-growth public and private companies will help guide Niron Magnetics’ journey as it expands manufacturing, commercial operations, and global partnerships in preparation for future growth.

“Niron Magnetics is entering a pivotal moment. We’re scaling our manufacturing, deepening customer relationships, and building long-term market advantage,” said Jonathan Rowntree, CEO of Niron Magnetics. “We’re excited to welcome Jon and Eric to our board. Their combined expertise across technology, finance, growth strategy, and operations will be instrumental as we bring our full-scale manufacturing facility in Sartell, Minnesota online and continue expanding.”

Jon Olson brings more than 30 years of strategic and financial leadership in the global technology and semiconductor industries. He currently serves on the boards of Advanced Micro Devices (NASDAQ: AMD), Rocket Lab (NASDAQ: RKLB), and Kulicke & Soffa (NASDAQ: KLIC), and previously held senior executive roles at Xilinx and Intel. Olson’s experience linking strategy to economic value creation, driving operational performance, and scaling high-growth technology companies will help guide Niron Magnetics as it rapidly expands to large-scale manufacturing.

“I’ve spent my career helping technology companies navigate inflection points, specifically moments where innovation meets execution,” said Olson. “What Niron Magnetics is doing has that same potential to redefine an industry and reshape global supply chains to open new possibilities for manufacturers everywhere - and I’m excited to be a part of it.”

Eric Stang is a seasoned technology executive who has led multiple public and private companies through growth and transformation phases, driving innovation from concept to commercial success. He currently serves as Chairman and CEO of Ooma (NYSE: OOMA), a leader in smart communications and networking solutions, and previously served as CEO of Reliant Technologies and Lexar Media. He also serves on the Board of Directors of Rambus (NASDAQ: RMBS). Stang’s background in scaling innovation-driven companies brings a valuable perspective as Niron Magnetics transitions to world-scale production.

“I’m thrilled to join Niron Magnetics’ Board at such an important point in their journey,” said Stang. “I’ve seen firsthand how breakthrough ideas can transform markets when paired with the right execution, and Niron Magnetics’ game-changing innovation has the potential to change national and global industries.”

The addition of Olson and Stang reflects Niron Magnetics’ continued commitment to bringing together leading perspectives across technology, manufacturing, and finance as it scales its manufacturing capacity and accelerates customer deployments globally.

To learn more about Niron Magnetics, please visit https://nironmagnetics.com.

About Niron Magnetics

Niron Magnetics is scaling the world’s first advanced manufacturing process for the mass production of permanent magnets powered by its breakthrough material formulation. The company’s proprietary magnet technology based on Iron Nitride enables magnets that are inherently high magnetization, free of rare earths and other critical materials, and will drive innovation in various industries. For more information about Niron Magnetics and its technology, please visit https://www.nironmagnetics.com.