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Allegro MicroSystems Announces Leadership Transition

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Allegro MicroSystems Announces Leadership Transition

Allegro MicroSystems ( (ALGM) ) has provided an announcement.

On March 12, 2025, Allegro MicroSystems announced that Max Glover, the Senior Vice President of Worldwide Sales, will transition to a new role as a strategic advisor to the CEO, effective March 29, 2025. This change in leadership is expected to impact the company’s strategic direction and may influence its market positioning and stakeholder relations.

More about Allegro MicroSystems

Allegro MicroSystems operates in the semiconductor industry, focusing on developing and manufacturing advanced sensor solutions and power integrated circuits for motion control and energy-efficient systems.

YTD Price Performance: 11.66%

Average Trading Volume: 3,048,227

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $4.69B

For an in-depth examination of ALGM stock, go to TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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