On October 18, 2025, Fabrinet (NYSE: FN) announced that its founder and long‑time chairman, David T. “Tom” Mitchell, will retire after 25 years of leadership. The company confirmed that Mitchell, who founded Fabrinet in 2000 and grew it into a publicly traded global manufacturer, will step down from the chairman role while remaining a director.
In conjunction with Mitchell’s retirement, Fabrinet’s Board appointed CEO Seamus Grady as the new chairman. Grady, who has served as CEO since 2017, will now oversee both the executive and board functions, ensuring continuity in strategic direction. The company employs more than 16,000 people worldwide and reported revenue exceeding $3.4 billion in fiscal year 2025, underscoring the scale of the organization that will be guided by the new leadership structure.
The transition marks a significant governance change for Fabrinet, as the founder’s departure and the consolidation of executive and board leadership can affect long‑term strategy, investor confidence, and operational oversight. By retaining Grady in the chairman role, Fabrinet signals a commitment to stability while positioning itself to continue its growth trajectory in optical packaging, automotive, and industrial laser markets.
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