Synaptics Incorporated announced on February 3, 2025, a leadership transition with Michael Hurlston stepping down as President and Chief Executive Officer, effective immediately. Ken Rizvi, the Chief Financial Officer, has been appointed Interim CEO during this transition period.
Nelson Chan, Chairman of the Synaptics Board, will assume the role of Executive Chairman until a new CEO is named, with the Board commencing a search for both internal and external candidates. The company expressed gratitude for Michael Hurlston's contributions over the past five years in transforming Synaptics into a driving force in AI at the Edge.
In connection with this announcement, Synaptics released preliminary financial results for the second quarter of fiscal 2025, expecting revenue of $267 million. Gross margin was anticipated to be in line with guidance, operating expenses slightly above, and EPS above the midpoint of the guidance provided on November 7, 2024.
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