January 20, 2010 (FinancialWire) — Netlist, Inc. (NASDAQ: NLST) has named Richard J. Char to its board of directors and chair the board’s audit committee. Char will serve as an independent director and fills a vacancy left on the board from the departure of Preston Romm in May 2009.

Char currently serves as CEO of Incentium, a provider of employee, customer, and sales channel incentive and loyalty programs. Char also serves as a member of the board of directors of Iteris (AMEX: ITI), a firm that develops traffic management and technology systems.

Prior to his tenure at Incentium, Char was the senior vice president of Corporate Development and General Counsel at Blackhawk Network, a provider of prepaid merchant gift cards and network branded cards.  

With the addition, the size of the Netlist board increases to five members. The company believes that Char’s appointment will put the company back in compliance with NASDAQ’s independent director and audit committee requirements.

California-based Netlist designs and manufactures memory subsystems for the server and high- performance computing and communications markets.

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