Pragmatic Semiconductor Appoints Mercedes Johnson as Non-Executive Director

Pragmatic Semiconductor appointed Mercedes Johnson as a Non-Executive Director to its Board of Directors, effective November 6, 2026, the company said in a GlobeNewswire announcement on November 10, 2026. Johnson was previously Senior Vice President and Chief Financial Officer of Avago Technologies, now Broadcom.

Mercedes Johnson's Finance Career and Board Seats

Johnson was a founding executive at Avago Technologies, where she helped establish the company's financial and operational foundations, according to the announcement. Before that she held senior financial leadership roles at Lam Research, including Senior Vice President and Chief Financial Officer, and served in several financial leadership positions at Applied Materials.

Johnson currently serves on the boards of Synopsys, Teradyne and Analog Devices. She has previously held board positions at Micron Technology, Juniper Networks, Intersil and Maxim Integrated Products, and has chaired Audit, Finance and Corporate Governance Committees.

Peter Herweck, Chair of the Board at Pragmatic Semiconductor, said: "Her distinguished career and extensive experience in financial leadership, capital markets and corporate governance will further strengthen our Board's strategic capabilities." Johnson said: "Pragmatic is doing something genuinely unique in semiconductors."

Pragmatic's Funding Record and Leadership Team

Pragmatic Semiconductor's funding records on company data list 11 rounds and total funding of $414.4 million at Series D stage, with the last round dated December 6, 2023. The records describe a $231 million Series D round as the largest venture capital raise ever for a European semiconductor company, completed during Erik Langaker's tenure as chairman.

Company records list David Moore as CEO, Peter Herweck as Chairman of the Board, Steve McCue as Chief Financial Officer and Executive Director, and Richard Price as Chief Technology Officer. The records give a headcount range of 251-500 and a valuation estimate of $1 billion to $5 billion.

Earlier Leadership and Funding Moves

In September 2026, Pragmatic appointed Paul James as Executive Vice President Manufacturing & Operations, effective immediately, FinancialContent Business Page reported. James brought 25 years of semiconductor leadership, including 10 years as Managing Director of Vishay Newport.

In August 2026, Business Live reported that Pragmatic was seeking new equity funding to ramp up production at its County Durham factory, with JP Morgan appointed to lead the effort. The report said the firm's revenues fell to £901,000 in 2025 from £1.69 million, and operating losses widened to £65.1 million.

David Moore's Growth Priorities

David Moore, CEO of Pragmatic Semiconductor, said Johnson's commercial insight and understanding of the industry ecosystem "will be invaluable to both the Board and the executive management team as we accelerate customer adoption, expand our global partner ecosystem, and bring flexible intelligence to new markets at scale."