Appointment

Penguin Solutions Appoints Stephen Cumming as Chief Financial Officer

Oct 7, 2026 | By Kuldeep Jangid

Penguin Solutions, has appointed Stephen Cumming as Senior Vice President and Chief Financial Officer, effective immediately.

SUMMARY

Penguin Solutions appointed Stephen Cumming as CFO.
He will lead finance as the company expands its AI business.
Penguin Solutions builds AI and data center infrastructure.

Cumming is an experienced public company executive with a background in the infrastructure systems, software, services and semiconductor industries. He most recently served as Chief Financial Officer at Edgio and has held CFO roles at several public companies.

Before joining Edgio, Cumming was Chief Financial Officer of Cambium Networks, where he helped lead the company through its IPO in 2019. He previously served as CFO of Kenandy, Inc., a cloud-based enterprise software company.

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He also spent 21 years in the semiconductor industry, including as CFO of Atmel Corporation and in senior finance roles at Fairchild Semiconductor and National Semiconductor.

Cumming holds a Bachelor of Science in Business from the University of Surrey and is a UK Chartered Management Accountant. Following his appointment, Aaron Johnson, who has served as Interim CFO since July 2026, will return to his role as Vice President of Finance and Accounting.

“I am excited to join Penguin Solutions at this important stage in its growth,” said Cumming. “The Company has built a differentiated position at the intersection of data center AI infrastructure and memory, with a significant opportunity ahead as customers scale production AI.

"We enter fiscal 2027 with strong AI-driven momentum, meaningful operating leverage, and a clear strategy to scale our AI Factory Platform business,” said Kash Shaikh, President and CEO of Penguin Solutions. “We are pleased to welcome Stephen at this exciting time for Penguin.

About Penguin Solutions

Founded in 1998, Penguin Solutions is an AI infrastructure company that designs, builds and manages data centers for enterprises, sovereign AI projects and neocloud providers. Its platform combines infrastructure software, memory, computing systems, services and partner technologies to help customers deploy AI faster and manage their AI infrastructure more efficiently.