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.
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