Synaptics Appoints Ken Rizvi as Chief Financial Officer

Rhea-AI Summary

Synaptics announced the appointment of Ken Rizvi as its new Senior Vice President and Chief Financial Officer, effective July 15, 2024. Ken will report to CEO Michael Hurlston and oversee all aspects of Synaptics' global finance functions, including accounting, corporate development, and investor relations. He joins Synaptics from SMART Global Holdings, bringing over 20 years of experience in the semiconductor industry. Ken has previously served in senior financial roles at UTAC Holdings, Isola Group, Micron Technology, and ON Semiconductor. Michael Hurlston expressed confidence in Ken's ability to drive operational excellence and contribute to Synaptics' growth in IoT connectivity and processor solutions.

Positive

• Appointment of a seasoned CFO with over 20 years of experience in the semiconductor industry.
• Ken Rizvi's background includes high-level roles at SMART Global Holdings, UTAC Holdings, Isola Group, Micron Technology, and ON Semiconductor.
• New CFO is expected to drive operational excellence and support growth in IoT connectivity and processor solutions.

Negative

• Potential risks associated with the transition period as Ken Rizvi takes on his new role.

SAN JOSE, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- Synaptics^® Incorporated (Nasdaq: SYNA) today announced Ken Rizvi will join the company as Senior Vice President and Chief Financial Officer, effective July 15, 2024. Ken will report to Synaptics President and CEO Michael Hurlston and serve on the company’s leadership team. He will be responsible for all the aspects of the company’s global finance function including accounting, corporate development and investor relations.

“I am pleased to have Ken join Synaptics at this stage in our journey as we continue to drive towards becoming a leading provider of IoT connectivity and processor solutions. Ken is a seasoned finance leader with vast and varied experience set in the semiconductor industry, leading high-performance teams and driving operational excellence.” said Michael Hurlston, Chief Executive Officer of Synaptics.

Ken has over 20 years of experience in the semiconductor industry with specific experience in finance and banking. Ken joins Synaptics from SMART Global Holdings, Inc. where he served as Senior Vice President and Chief Financial Officer. Previously he served as chief financial officer for UTAC Holdings Ltd., a global semiconductor assembly and test services provider, and for Isola Group, and has held senior finance positions at Micron Technology and ON Semiconductor.

“I am excited to join Synaptics for the next leg of its transformation and growth,” said Ken Rizvi. “Michael and the team have built a strong foundation of IoT products and solutions. I am looking forward to working with the executive team to help capitalize on our enormous opportunity to drive growth and deliver value for our customers, employees and shareholders.”

About Synaptics Incorporated:
Synaptics (Nasdaq: SYNA) is changing the way humans engage with connected devices and data, engineering exceptional experiences throughout the home, at work, in the car, and on the go. Synaptics is the partner of choice for the world’s most innovative intelligent system providers who are integrating multiple experiential technologies into platforms that make our digital lives more productive, insightful, secure, and enjoyable. These customers are combining Synaptics’ differentiated technologies in touch, display, and biometrics with a new generation of advanced connectivity and AI-enhanced video, vision, audio, speech, and security processing. Follow Synaptics on LinkedIn, Twitter, and Facebook, or visit synaptics.com.

Synaptics and the Synaptics logo are trademarks of Synaptics in the United States and/or other countries. All other marks are the property of their respective owners.

Investor Relations contact:
Munjal Shah
+1-408-518-7639
munjal.shah@synaptics.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/00c28cae-95b3-41b5-a488-602bf3b8954a

FAQ

When will Ken Rizvi start as CFO at Synaptics (SYNA)?

Ken Rizvi will start as Senior Vice President and Chief Financial Officer on July 15, 2024.

What experience does Ken Rizvi bring to his role at Synaptics (SYNA)?

Ken Rizvi has over 20 years of experience in the semiconductor industry, having held senior financial roles at SMART Global Holdings, UTAC Holdings, Isola Group, Micron Technology, and ON Semiconductor.

What will be Ken Rizvi's responsibilities at Synaptics (SYNA)?

Ken Rizvi will oversee Synaptics' global finance functions, including accounting, corporate development, and investor relations.

Who will Ken Rizvi report to at Synaptics (SYNA)?

Ken Rizvi will report to Michael Hurlston, the President and CEO of Synaptics.

Why was Ken Rizvi appointed as CFO of Synaptics (SYNA)?

Ken Rizvi was appointed due to his extensive experience and proven track record in the semiconductor industry, which is expected to drive operational excellence and support Synaptics' growth in IoT connectivity and processor solutions.