Applied Digital Appoints Laura Laltrello as COO for Growth

Applied Digital Appoints Laura Laltrello as Chief Operating Officer

Applied Digital Corporation (NASDAQ: APLD), a prominent innovator of advanced digital infrastructure, is thrilled to announce the appointment of Laura Laltrello as its new Chief Operating Officer (COO). Bringing nearly two decades of extensive executive leadership, Ms. Laltrello will play a pivotal role in enhancing the company’s capabilities as a frontrunner in the rapidly evolving landscape of data centers and digital cloud solutions.

Strategic Leadership for Innovation

In her role as COO, Laura Laltrello will work alongside the leadership team to implement the strategic vision of Applied Digital. Her responsibilities will include overseeing daily operations and providing expert guidance on driving the company’s innovative initiatives. Ms. Laltrello's ability to execute complex strategies, along with her rich experience in data center operations and infrastructure projects, will be invaluable to the organization.

Comment from the CEO

Wes Cummins, Chairman and CEO of Applied Digital, expressed his enthusiasm about Ms. Laltrello’s appointment, stating, "We are pleased to welcome Laura as we expand our leadership team. Her skills and expertise are aligned with our mission to foster innovation throughout our entire business model. We believe she will play a key role in turning our vision into effective, actionable plans that align with our long-term growth objectives as we establish ourselves as pioneers in the AI sector."

Experience and Expertise

Prior to joining Applied Digital, Ms. Laltrello served as Vice President and General Manager of Building Automation Services at Honeywell International Inc., where she demonstrated her ability to lead teams through transformative projects across global technology platforms. Her diverse background encompasses significant senior leadership roles, showcasing her expertise in operations, strategic execution, and profitability management.

Academic Background

Ms. Laltrello holds a Bachelor of Applied Science degree in Applied Mathematics: Operations Research and Economics from Clemson University. Furthermore, she completed the Executive Leadership Program at the International Institute for Management Development, equipping her with advanced skills critical for her new leadership role.

Vision for the Future

Regarding her new role at Applied Digital, Ms. Laltrello stated, "I am excited to join Applied Digital and collaborate with the talent here to realize our vision of revolutionizing accelerated computing. I aim to leverage my experience to help scale the organization’s operations, optimize performance, and ensure sustainable growth for the foreseeable future. This is a thrilling opportunity to make a substantial impact."

Inducement Award Details

In line with her appointment starting from January 6, 2025, Ms. Laltrello was awarded 600,000 time-based restricted stock units (RSUs). These RSUs represent a significant inducement for her to join Applied Digital and come with a vesting schedule over a three-year period, contingent on her continued employment.

Approval by the Board

The inducement award is structured as an essential condition for her acceptance of the offer, and the decision was ratified by the Board of Directors before her effective start date.

About Applied Digital

Applied Digital (NASDAQ: APLD) is at the forefront of developing, building, and operating next-generation data centers and digital infrastructure. With uniquely designed facilities targeting accelerated compute capabilities, the company offers secure, scalable, and sustainable hosting options. Additionally, Applied Digital provides tailored solutions such as GPU-as-a-Service, ensuring it meets the intricate demands of AI/ML and high-performance computing tasks. Their robust expertise and advanced facilities empower AI factories, ensuring reliability and performance for some of the most demanding applications worldwide.

Frequently Asked Questions

Who is Laura Laltrello?

Laura Laltrello is the newly appointed Chief Operating Officer of Applied Digital, bringing extensive executive leadership experience to the company.

What will Laura's role as COO involve?

As COO, Laura will be responsible for driving the operational strategy, improving efficiency, and pushing innovation within Applied Digital.

What is Applied Digital focused on?

Applied Digital specializes in designing and operating advanced digital infrastructure for high-performance computing and cloud solutions.

What is the significance of the RSUs awarded to Laura?

The 600,000 RSUs serve as an incentive for Laura to join the company and align her goals with the long-term growth of Applied Digital.

What experience does Laura Laltrello bring to Applied Digital?

Laura has nearly 20 years of experience in senior leadership roles, particularly in operations management and strategic planning within the technology sector.

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