Analog Devices Announces CFO Transition
18 Maio 2023 - 5:01PM
Business Wire
Prashanth Mahendra-Rajah to step down as CFO
at fiscal year-end; Company commences CFO search
Analog Devices, Inc. (Nasdaq: ADI) today announced that
Prashanth Mahendra-Rajah, ADI’s Executive Vice President &
Chief Financial Officer, has informed the company that, after six
years leading the finance operation, he will step down from his
position to explore other opportunities. Prashanth will remain with
ADI through the end of the fiscal year to ensure a seamless
transition to new financial leadership.
“I have greatly appreciated Prashanth’s expertise and many
contributions to ADI over the past years. During his tenure, we
have experienced a period of extraordinary revenue and margin
growth as we have scaled our global business, defined our
industry-leading business model, and navigated an unprecedented
supply and demand landscape,” said ADI CEO & Chair, Vincent
Roche. “I sincerely thank Prashanth for fostering strong investor
community engagement, look forward to partnering with him during
the transition, and wish him the best in his future endeavors.”
"It has been an honor to serve as ADI’s CFO, lead our
world-class finance organization, and be a part of ADI’s
outstanding leadership team. ADI is a phenomenal company that is
defining the next generation of semiconductor technology and
shaping the future of industries, while simultaneously delivering
industry-leading growth and profitability. With ADI well-positioned
for success, the time is right for me to begin transitioning to the
next chapter in my career. I will always follow ADI with pride as
it continues to drive technological breakthroughs for the
betterment of society,” said ADI CFO Prashanth Mahendra-Rajah.
ADI has commenced a search to identify the company’s next
CFO.
ADI is reaffirming its second quarter fiscal year 2023 financial
outlook that was previously provided on February 15, 2023.
About Analog Devices, Inc.
Analog Devices, Inc. (NASDAQ: ADI) is a global semiconductor
leader that bridges the physical and digital worlds to enable
breakthroughs at the Intelligent Edge. ADI combines analog,
digital, and software technologies into solutions that help drive
advancements in digitized factories, mobility, and digital
healthcare, combat climate change, and reliably connect humans and
the world. With revenue of more than $12 billion in FY22 and
approximately 25,000 people globally working alongside 125,000
global customers, ADI ensures today’s innovators stay Ahead of
What’s Possible. Learn more at www.analog.com and on LinkedIn and
Twitter.
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Andrea Calise Andrea.calise@teneo.com (917) 826-3804
Analog Devices (NASDAQ:ADI)
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