Applied Digital Appoints Laura Laltrello as COO for AI Growth

Applied Digital Names Laura Laltrello as New COO

Applied Digital Corporation (NASDAQ: APLD) is excited to announce the appointment of Laura Laltrello as its new Chief Operating Officer (COO). With an aim to strengthen the Company’s leadership in next-generation data centers and digital cloud solutions, Ms. Laltrello's role signifies a pivotal moment in the Company’s journey as it navigates the rapidly evolving landscape of artificial intelligence.

Experience That Matters

Proven Leadership in High Tech Industries

Bringing nearly two decades of executive experience, Laura Laltrello has an impressive background in data center operations, automation technologies, and large-scale infrastructure projects. Her history includes significant roles in pioneering organizations that have delivered crucial technological solutions. This rich tapestry of experience equips her to lead Applied Digital toward its ambitious goals.

Aligning Operations with Vision

Ms. Laltrello's responsibilities as COO will involve close collaboration with the leadership team to actualize Applied Digital's strategic vision. Wes Cummins, the Chairman and CEO of Applied Digital, welcomed her addition, highlighting her skills as essential for fostering innovation and ensuring operational excellence.

Strategic Inducements for New Role

Upon her appointment, Ms. Laltrello was granted an employment inducement award comprising 600,000 restricted stock units (RSUs). This award is part of the Company's strategy to attract top talent and is designed to support the growth of the Company aligned with its equity plans and long-term objectives.

A Vision for Revolutionizing Computing

In her own words, Ms. Laltrello expressed excitement about joining the team at Applied Digital. She stated her eagerness to utilize her extensive experience to push the boundaries of accelerated computing technology. This engagement is crucial as the Company strives to establish itself as a leader in AI-driven solutions.

About Applied Digital Corporation

Applied Digital Corporation (NASDAQ: APLD) specializes in the development and operation of cutting-edge data centers and cloud infrastructure designed specifically for advanced computing applications. The Company offers secure and scalable digital hosting solutions alongside its unique services, such as CSaaS (Cloud Services as a Service) and GPU-as-a-Service. With a solid foundation in hyperscale technology, Applied Digital positions itself to fortify operations for AI Factories and other high-performance computing tasks.

Frequently Asked Questions

Who is Laura Laltrello?

Laura Laltrello is the newly appointed Chief Operating Officer of Applied Digital, bringing extensive experience in executive leadership and data center operations.

What will Laura Laltrello's role be at Applied Digital?

As COO, she will oversee day-to-day operations and work with the leadership team to implement the Company's strategic vision, particularly focusing on AI and computing technologies.

What is Applied Digital known for?

Applied Digital is known for developing and operating next-generation data centers and cloud infrastructure tailored for high-performance computing and artificial intelligence solutions.

What are restricted stock units (RSUs)?

RSUs are a form of employee compensation where shares are given to employees after certain conditions, such as employment duration or performance goals, are met.

How does this appointment impact Applied Digital's future?

With Ms. Laltrello's expertise, Applied Digital aims to enhance its operational capabilities and accelerate innovation, positioning the Company favorably in the competitive landscape of AI technologies.

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