Keith Jones Appointed as Chief Financial Officer of Adeia

Rhea-AI Summary

Xperi Holding Corporation (NASDAQ: XPER) announced the appointment of Keith Jones as CFO of Adeia, its intellectual property (IP) business, effective August 8, 2022. Jones joins from Rambus (NASDAQ: RMBS), where he served in various finance roles, including Interim CFO. His leadership experience in IP licensing and public companies is seen as a strategic fit for Adeia as it prepares for its upcoming separation and public listing. Paul Davis, President of Adeia, expressed confidence in Jones's ability to enhance the company's market position.

Positive

• Appointment of Keith Jones as CFO brings leadership experience from Rambus.
• Jones's background in IP licensing aligns well with Adeia's strategic direction.
• Adeia's anticipated separation as a publicly traded company may enhance shareholder value.

Negative

• None.

SAN JOSE, Calif.--(BUSINESS WIRE)-- Xperi Holding Corporation (NASDAQ: XPER) (“Xperi” or the “Company”) today announced the appointment of Keith Jones as Chief Financial Officer (CFO) of Adeia, the intellectual property (IP) business of Xperi. Jones will join the Company on August 8, 2022 and will be the CFO of Adeia effective upon the separation of the Company’s IP and product businesses later this fall. Jones joins Adeia from Rambus (NASDAQ: RMBS), a technology company that develops and licenses chip interface technologies, where he served in several key finance roles since 2018, and most recently as Interim CFO.

“Keith is a proven leader and a great addition to the executive team at Adeia,” said Paul Davis, President of Adeia. “As Adeia becomes a separate publicly traded company, Keith’s expertise in the IP licensing businesses and his public company experience are the perfect strategic fit for our organization.”

Jones said, “As Adeia nears separation, I am honored to lead as CFO and am particularly excited to work with the talented team at Adeia to continue to drive its IP leadership position in the market.”

Jones joined Rambus in 2018 and served as the Chief Accounting Officer, Corporate Controller and vice president of finance before becoming interim CFO. Prior to joining Rambus, he served as the World-Wide Corporate Controller, vice president of finance and the Principal Accounting Officer at ShoreTel Inc. before its acquisition by Mitel Networks Corporation. Before that, he served as the CFO and vice president of finance at PDF Solutions, Inc. Jones has also held senior leadership roles at other technology companies including Interwoven and e-Time Capital. He began his career at Deloitte and holds a Bachelor of Science in business administration with an emphasis in accounting from California State University, Fresno. He is a Certified Public Accountant (inactive) in the state of California.

About Xperi Holding Corporation

Xperi invents, develops, and delivers technologies that enable extraordinary experiences. Xperi technologies, delivered via its brands (Adeia, DTS, HD Radio, IMAX Enhanced, TiVo), and by its startup, Perceive, make entertainment more entertaining, and smart devices smarter. Xperi technologies are integrated into billions of consumer devices, media platforms, and semiconductors worldwide, driving increased value for partners, customers and consumers.

Xperi, Adeia, DTS, IMAX Enhanced, HD Radio, Perceive, TiVo and their respective logos are trademarks or registered trademarks of affiliated companies of Xperi Holding Corporation in the United States and other countries. All other company, brand and product names may be trademarks or registered trademarks of their respective companies.

Source: Xperi Holding Corp
XPER – I

View source version on businesswire.com: https://www.businesswire.com/news/home/20220802005354/en/

Xperi Investor Contact:

Jill Koval, Arbor Advisory Group

+1 203-832-4449

ir@xperi.com

Media Contact:

Amy Brennan, Senior Director, Corporate Communications

+1 949-518-6846

amy.brennan@xperi.com

Source: Xperi Holding Corp

FAQ

Who is the new CFO of Adeia?

Keith Jones has been appointed as the new CFO of Adeia, effective August 8, 2022.

What is the significance of Keith Jones's appointment for Xperi shareholders?

His experience in IP licensing and public companies is expected to strengthen Adeia's market position, potentially benefiting shareholders.

What was Keith Jones's role before joining Adeia?

Before joining Adeia, Keith Jones served as Interim CFO at Rambus (NASDAQ: RMBS) and held several key finance roles there.

When will Adeia become a separate publicly traded company?

Adeia is expected to become a separate publicly traded company later this fall.

What impact does the CFO appointment have on XPER stock?

The appointment of Keith Jones may positively influence market perception and the future performance of XPER stock as Adeia transitions.