Corsair Gaming, Inc. (NASDAQ: CRSR) has announced the planned retirement of its founder and Chief Executive Officer, Andy Paul, effective July 1, 2025. Alongside this announcement, Thi La, the current President and Chief Operating Officer, has been appointed as the company's next CEO from the same date.
Thi La has been with Corsair since 2010 and played a pivotal role in the company's growth, overseeing the expansion of its product portfolio to encompass 30 different product lines, transforming it from a $300 million company to its current state. She has been serving as the Chief Operating Officer since August 2013 and was appointed as a member of Corsair's board of directors in December 2021.
Andy Paul, in his 31 years of leadership, has been instrumental in shaping Corsair into a global leader. Under his leadership, Corsair expanded from hardware into peripherals through acquisitions and in-house innovation, establishing leadership positions in new segments of the market.
Corsair's recent financial performance has been robust, with its acquisition of Fanatec and the launch of the Nvidia 5000 series contributing to its strong position for future growth. The company's diverse product lines, which cater to gamers, content creators, and PC enthusiasts, have positioned it as a leading global developer and manufacturer of high-performance products and technology.
As Corsair prepares for this transition in leadership, investors will be keen to see how the company navigates the change and leverages its recent acquisitions and product launches to drive further growth and innovation under Thi La's leadership. Following these announcements, the company's shares moved -0.8%, and are now trading at a price of $12.41. For more information, read the company's full 8-K submission here.
