Craig Ensley

Board Member & CEO, Innovative Micro Technology (IMT)

Craig Ensley is a Board Member & CEO who brings expertise in Strategy, Finance, Product Management, & Operational Excellence to technology companies. His experience spans MEMS & Sensors, Semiconductors, Communications Networking (Optical, RF/Wireless, Wired), and Consumer Electronics.

Craig is a transformative executive who has led companies at every scale and phase of growth. He built two businesses from pre-revenue to $300-400M sales. He served as a top executive of a billion-dollar public company where he helped lead one of the largest turnarounds in semiconductor history. Most recently he has been the CEO or President of three venture- backed companies, which he successfully repositioned and drove significant revenue growth and created first profitability, and in each case delivered superior shareholder returns.

Craig helped lead M&A and integration of 5 acquisitions and has negotiated 5 divestitures. At least 10 leaders he hired and mentored have grown to become CEOs. Craig has raised ~$150M venture capital and >$600M from public equity markets. He served as the primary representative to shareholders, both buy-side and sell-side equity analysts, and investment bankers for a large public company.

From 2012-2019 as Board Member & CEO, Craig led IMT (Innovative Micro Technology). He repositioned a declining MEMS R&D/Prototyping services company to be a high-volume manufacturing firm growing ~20% annually. IMT became the largest MEMS & Sensor foundry in the U.S., and having 65%-70% of sales to global Tier-1 customers. He exited early investors by a sale to a private equity syndicate.

From 2009-2011 Mr. Ensley was Board Chairman & CEO of DisplayLink. He established a new vison to become a video enterprise networking firm and built a global company with sustained high growth, high margins, & profitability. He secured growth-equity financing from new & existing investors.

From 2006-2009 Craig was Board Member & President of Peregrine [NASDAQ: PSMI]. He repositioned the 15-year old niche satellite communications RF firm into a high-volume product company with renowned global brand leading the world’s transitions in 3G & 4G wireless. He grew the business from ~$6 million annual sales to profitability and an annualized revenue run-rate of ~$90 million. Peregrine IPO’ed in 2012.

From 1999-2005 as SVP he helped lead turnaround & restructuring of a public firm Cirrus Logic [NASDAQ: CRUS] from massive losses to profitability and growth. Cirrus previously lost >$430 million in 1998-99 with $1.5 billion debt. The team delivered 15% operating income and was debt-free with $225 million cash in 4 years. Craig was responsible for strategy, public company investor interface, engineering, marketing, and subsequently was GM with full P&L.