Vincent Roche to Succeed Ray Stata as Chair of Analog Devices in 2022

Rhea-AI Summary

Analog Devices (NASDAQ: ADI) announced the appointment of President and CEO Vincent Roche as Chair of the Board, effective at its 2022 Annual Meeting of Shareholders. He succeeds Ray Stata, who held the position since 1973 and will continue as a director. Roche expressed gratitude for Stata's contributions to the company's success and looks forward to ongoing collaboration. Since its founding in 1965, ADI has been a leader in analog and digital technologies, serving over 125,000 customers globally with a diverse product portfolio.

Positive

• Vincent Roche's appointment as Chair of the Board may strengthen leadership continuity.
• Ray Stata's long-term experience and contribution to ADI emphasizes the company's stability.

Negative

• None.

WILMINGTON, Mass.--(BUSINESS WIRE)-- Analog Devices, Inc. (NASDAQ: ADI) today announced that its Board of Directors has appointed President and CEO Vincent Roche as Chair of the Board, effective as of the date of ADI’s 2022 Annual Meeting of Shareholders. Roche will succeed Ray Stata, who has served as Chair of the Board since 1973 and will become only the second Chair in ADI’s history. Stata will stand for reelection as a director at ADI’s 2022 Annual Meeting of Shareholders.

“Vince has shown remarkable leadership of ADI as our President and CEO. We are certain that this appointment strengthens his ability to continue his leadership of ADI, as the Company continues to develop even more complete, high-performance solutions for our customers,” Stata said. “Since its inception in 1965, ADI has remained at the forefront of breakthrough innovation and technological advancements, and I am confident that the Company will continue on this trajectory with Vince as our Chair.”

“ADI has grown exponentially over the five decades that Ray has served as Chair, and I am honored to be appointed as his successor,” said Roche. “I personally thank him for his many years of service as our Chair and his significant contributions to ADI’s considerable success. I look forward to Ray’s continued involvement in ADI as a member of the Board.”

In 1965, Stata co-founded ADI with his Massachusetts Institute of Technology (MIT) fellow graduate, Matthew Lorber. Stata served as President of ADI from 1971 to 1991 and as CEO of the Company from 1973 to 1996. For Stata’s complete biography, the biographies of other members of ADI’s Board of Directors, as well as other corporate governance information, visit https://investor.analog.com/.

About Analog Devices
Analog Devices, Inc. (Nasdaq: ADI) operates at the center of the modern digital economy, converting real-world phenomena into actionable insight with its comprehensive suite of analog and mixed signal, power management, radio frequency (RF), and digital and sensor technologies. ADI serves 125,000 customers worldwide with more than 75,000 products in the industrial, communications, automotive, and consumer markets. ADI is headquartered in Wilmington, MA. Visit http://www.analog.com.

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Brittany Stone

917-935-1456

Brittany.Stone@teneo.com

Source: Analog Devices, Inc.

FAQ

Who was appointed as Chair of the Board for Analog Devices?

Vincent Roche was appointed as Chair of the Board for Analog Devices.

When does Vincent Roche officially become Chair of the Board?

Vincent Roche officially becomes Chair of the Board at ADI's 2022 Annual Meeting of Shareholders.

Who did Vincent Roche succeed as Chair of the Board?

Vincent Roche succeeded Ray Stata as Chair of the Board.

How long has Ray Stata served as Chair of Analog Devices?

Ray Stata served as Chair of Analog Devices since 1973.

What significant role does Ray Stata will continue in Analog Devices?

Ray Stata will continue as a director at Analog Devices.