Synaptics (SYNA) announced a leadership transition under which Michael Hurlston is stepping down as president and CEO and as a member of the board of directors, effective immediately. As separately announced, Hurlston will assume the role of CEO at Lumentum (LITE). Synaptics’ board of directors has appointed Ken Rizvi, CFO, as interim CEO during this transition. In addition, Nelson Chan, chairman of the Synaptics board, will assume the role of executive chairman until a new CEO is named. The board has commenced a search for Synaptics’ next CEO and is in the process of engaging an executive search firm. The board will consider both internal and external candidates.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SYNA:
- Closing Bell Movers: F5 Networks soars to all-time highs on Q1 beat
- Synaptics Partners with Broadcom to Boost Edge AI
- Synaptics enters licensing agreement with Broadcom, sees accretion
- Synaptics price target raised to $105 from $95 at Susquehanna
- Synaptics CEO says ‘chasing business’ for first time in number of quarters