Synaptics CFO Resigns, Leadership Changes Implemented

Synaptics Incorporated (NASDAQ: SYNA) recently announced the resignation of its Chief Financial Officer, Dean Butler, who will be leaving the company immediately to pursue a new opportunity. To ensure a seamless transition, the company has made significant changes within its finance function.

Esther Song, a 16-year veteran of Synaptics, has been appointed as the Principal Accounting Officer and will continue to serve as the Vice President and Corporate Controller. Song has a strong leadership history within the company’s finance team, having joined as an Assistant Corporate Controller in 2007 and later serving as the Senior Director and Global Controller from 2015 to 2023.

In addition, Kermit Nolan, the former Chief Accounting Officer who retired at the end of 2023, is returning as a consultant to provide advisory support to the internal team. Throughout his 20-year tenure with Synaptics, Nolan significantly contributed in various capacities, including as acting CFO.

Synaptics CEO, Michael Hurlston, expressed confidence in the finance team and emphasized the optimism surrounding the company’s processor and connectivity business, believing this area of growth will contribute to a stronger company in the future.

The company has not disclosed specific financial metrics in the press release. Synaptics is a leading provider of human interface solutions, including touch, display, and biometrics, and partners with innovative system providers to integrate experiential technologies into platforms that enhance digital lives.

As a result of these announcements, the company's shares have moved -1.9% on the market, and are now trading at a price of $102.38. If you want to know more, read the company's complete 8-K report here.

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