Navitas Semiconductor appointed Davin Lee as an independent director, expanding its board and advancing a refresh that the company said began last year.
Lee, who has more than 30 years of semiconductor and power management experience, will join the compensation committee and the governance and sustainability committee and stand for reelection in 2027 as a class III director. The appointment fills an open board seat. Chairman Richard Hendrix said the board still plans to shrink to eight directors at the 2027 annual meeting.
The move comes a month after Navitas named Greg Fisher as a new director, signaling a continued reshaping of the board as the company pushes deeper into high-power markets. Hendrix said the company’s pivot to data centers, energy and grid infrastructure, performance computing and industrial electrification is being supported by a management team that has “reestablished revenue growth and increased customer engagement.”
CEO Chris Allexandre said Lee is joining “at a very pivotal time” as Navitas accelerates its transformation to what he called “Navitas 2.0” as a high-power semiconductor company. He pointed to the company’s gan and high-voltage silicon carbide technologies as the basis for its push into AI infrastructure and other power-intensive markets.
Lee most recently served as senior vice president and general manager of embedded processing and analog and connectivity at Renesas. Before that, he held leadership roles at Dialog Semiconductor, Scintera Networks, Intersil, Xicor, Altera and National Semiconductor.
The company said Lee’s appointment adds another step in a board refresh aimed at providing “fresh perspectives and continuity” during the first year of its new management structure. As a result of these announcements, the company's shares have moved -6.64% on the market, and are now trading at a price of $17.28. For more information, read the company's full 8-K submission here.
