Synaptics CEO Leaves for Lumentum Holdings

<p><strong>SAN JOSE<&sol;strong> &&num;8212&semi; Synaptics Incorporated announced Michael Hurlston is stepping down as President and Chief Executive Officer and as a member of the Board of Directors&comma; effective immediately&period; Hurlston is leaving the company to take on the role of CEO at Lumentum Holdings Inc&comma; which is also based in San Jose&period;<&sol;p>&NewLine;<p>Shares in Synaptics were down 13&percnt; on Tuesday afternoon&period;<&sol;p>&NewLine;<p class&equals;"yf-1pe5jgt">Synaptics’ Board of Directors has appointed Ken Rizvi&comma; Chief Financial Officer&comma; as Interim CEO during this transition&period; In addition&comma; Nelson Chan&comma; Chairman of the Synaptics Board&comma; will assume the role of Executive Chairman until a new CEO is named&period;<&sol;p>&NewLine;<p class&equals;"yf-1pe5jgt">The Board has commenced a search for Synaptics’ next CEO and is in the process of engaging an executive search firm&period; The Board will consider both internal and external candidates&period;<&sol;p>&NewLine;<p class&equals;"yf-1pe5jgt">&OpenCurlyDoubleQuote;On behalf of the Board of Directors&comma; I want to thank Michael for his invaluable contributions to Synaptics over the last five years and for his dedication to transforming the company into a driving force behind innovation and growth in AI at the Edge&comma;” said Nelson Chan&period; &OpenCurlyDoubleQuote;We are deeply grateful for his leadership&comma; and we wish him well in his future endeavors&period; I am confident that Ken and Synaptics’ strong leadership team will ensure seamless execution during this transition&period; We are well positioned to continue delivering next-generation products and solutions to our customers and advancing our strategic goals&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;It has been a privilege to work alongside the talented team at Synaptics&comma; and I want to thank them for their dedication throughout this journey&comma;” said Michael Hurlston&period; &OpenCurlyDoubleQuote;I am extremely proud of Synaptics’ success&comma; and the innovative and diversified portfolio of solutions that the company is delivering to customers around the world&period;”<&sol;p>&NewLine;