Algorhythm adds former IBM executive Greg Smith to board

Algorhythm Holdings said Tuesday it appointed Greg Smith as an independent director, bringing a 30-year IBM veteran with operations and project management experience onto its board. The company is betting Smith’s background will help sharpen execution as it pursues growth tied to renewable power and AI infrastructure.

Why it matters: - Algorhythm is adding board-level experience in large-scale operations at a time when it is trying to grow both its renewable power and AI-enabled logistics businesses. - The appointment could help the company strengthen oversight, accountability and execution across its portfolio. - Algorhythm also signaled interest in serving data center power demand, a market tied to the AI buildout.

What happened: - Algorhythm Holdings formally introduced Greg Smith as its newest independent director on Tuesday, Oct. 7, 2026. - Smith joins the board after a 30-year career at IBM. - Algorhythm is a diversified holding company that owns Azure Holdings and SemiCab Holdings.

The details: - Smith spent his entire professional career at IBM. - In the later years of his IBM tenure, Smith managed multi-country organizations with direct responsibility for an annual budget of $2 billion. - IBM promoted Smith to an engineering management role within three years of his joining the company. - Smith’s experience centers on business process management. - Smith holds PMI project management certification and IBM Project Management Executive Certification. - Smith received a Global Supply Chain Leadership Award from IBM. - Smith earned a BS in Aeronautics and an MBA from San Jose State University. - CEO Andrew Thompson said Smith brings a strong understanding of organizational structure and high-value client relationships. - Thompson said the company expects Smith to help build a strong focus on accountability and a results-driven culture across the Algorhythm portfolio. - Thompson also said Smith understands the technology ecosystem that expanded from the 1990s through the 2010s. - Thompson said Smith’s perspective will be useful as Algorhythm looks for growth opportunities to deliver power to data center infrastructure sites across the U.S. using renewable biomass power plant solutions. - Azure Holdings, doing business as Azure Energy, develops renewable biomass power generation infrastructure. - Azure’s team says it has designed and built 72 facilities generating 17.5 GW of renewable power to date. - Azure launched in 2025. - Azure says it has secured equity participation in multiple power plants under construction in the U.S. with an estimated net present value of more than $220 million. - Azure says it has multi-year fee-based consulting contracts and is generating positive EBITDA. - SemiCab is an AI-enabled logistics software provider that has served major retailers, brands and transportation providers since 2020. - SemiCab’s cloud-based Collaborative Transportation Platform is designed to predict and optimize millions of loads and hundreds of thousands of trucks. - SemiCab uses real-time data from API-based load tendering and integrations with TMS and ELD partners. - SemiCab uses AI and machine-learning predictions with predictive optimization models to enable fully loaded round trips. - Algorhythm provided investor relations contact information and links to its company site and the websites for Azure and SemiCab. - The release also identified Algorhythm as a B2i Digital Featured Company and linked to a profile at the company’s profile.

Between the lines: - The board appointment fits a broader push to pair technical and operational expertise with businesses tied to power, logistics and AI infrastructure. - Smith’s IBM background suggests Algorhythm wants directors who have handled large budgets, complex organizations and enterprise clients. - The company’s forward-looking comments about data center power reflect an effort to connect renewable biomass assets to one of the fastest-growing parts of the digital economy.

What's next: - Algorhythm will look to use Smith’s experience as it pursues expansion in renewable power for data center infrastructure. - The company’s next updates will likely focus on Azure’s power plant participation, consulting revenue and the growth of SemiCab’s logistics platform. - As with all forward-looking statements in the release, those plans remain subject to risks and uncertainty.