COPENHAGEN, Denmark, 3 December 2025 – Napatech A/S (Napatech, OSE: NAPA) today announces the appointment of Kartik Srinivasan as Chief Executive Officer (CEO)and the nomination committee’s proposal that Lars Boilesen be elected as chairman of the Board of Directors at an extraordinary general meeting of the Company. Kartik Srinivasan will join Napatech on 2 January 2026.
“We are pleased to announce Kartik Srinivasan as the new CEO of the company. Kartik brings a unique combination of deep technological expertise from the world’s leading semiconductor, compute and networking companies, and broad experience from positioning and sales of advanced products and solutions in the global networking market. His leadership will be key as we continue to accelerate our business as a leader in the emerging mass market for Network Interface Cards (NICs),“ says Christian Jebsen, chairman of the Board of Directors of Napatech, and continues.
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“At the same time, we would like to thank Lars Boilesen for his highly valued contributions as CEO of the company and his willingness to retake the reigns of the Company as the Chairman of the Board of Directors. During his tenure, Napatech has significantly strengthened its position by building strong partnerships with the leading OEM players and acceleration of our design win pipeline in a fast-growing market. I am pleased that the nomination committee will propose to the extraordinary general meeting that Lars Boilesen be elected chairman of the Board of Directors, and me to continue as a member of the Board of Directors.”
Kartik Srinivasan joins Napatech from his role as Chief Marketing Officer at Cornelis Networks, where he architected the company’s AI-first transformation and built and led a global marketing organization. He previously served as General Manager of Ethernet Connectivity Products at Intel, where he managed the company’s networking connectivity product line spanning 1G to 200G. Srinivasan has also held senior leadership roles at Marvell and Xilinx (now AMD). He holds an MS in Computer Engineering from North Carolina State University and resides in the United States.
“Napatech has built exceptional technology that powers some of the world’s most demanding compute and networking environments. As the AI-era accelerates, the industry needs high-performance, programmable acceleration more than ever. I’m excited to join this innovative team and help shape the next chapter of growth with our tier-1 customers and partners. This is a pivotal moment, and Napatech is uniquely positioned to lead,” says Kartik Srinivasan, new CEO of Napatech.
“Kartik is joining Napatech at the perfect time. Our existing Smartnic business is doing very well. With the strong DPU design wins within server manufacturers and AI vendors, Kartik will be able to accelerate the number of new design wins. I am convinced Kartik with his broad expertise in the space and US presence will be able to bring Napatech to the next level, and I am looking forward to working closely with him and continuing to contribute to the Company’s development in my capacity as Chairman, if elected,” said Lars Boilesen.
The Napatech nomination committee will propose to the company’s extraordinary general meeting, expected to be held in early January 2026, that Lars Boilesen be elected new chairman of the Board of Directors, and that the current chairman of the Board of Directors, Christian Jebsen, continues as a member of the Board of Directors. Prior to the position as CEO, Lars Boilesen served as chairman of Napatech for seven years.
For additional information, please contact:
• Lars Boilesen, proposed chairman of the Board of Directors - Phone +47 40 40 14 60 E-mail: Larsb@napatech.com
• Christian Jebsen, chairman of the Board of Directors - Phone: +47 40 40 14 41 E-mail: christian.jebsen@verdane.com
About Napatech
Napatech is a leading supplier of programmable FPGA-based Data Processing Unit and SmartNIC solutions used in telecom, cloud, enterprise, cybersecurity, and financial applications worldwide. Through commercial-grade software suites integrated with robust, high-performance hardware, Napatech accelerates telecom, networking, and security workloads to deliver best-in-class system-level performance while maximizing the availability of server compute resources for running applications and services. www.napatech.com
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Henrik Brill Jensen, COO, Napatech A/S, on 3 December 2025.
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