Analog Devices Announces CFO Transition

Analog Devices Announces CFO Transition

Prashanth Mahendra-Rajah to step down as CFO at fiscal year-end; Company commences CFO search

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Andrea Calise

Analog Devices, Inc. (Nasdaq: ADI) today announced that Prashanth Mahendra-Rajah, ADI’s Executive Vice President & Chief Financial Officer, has informed the company that, after six years leading the finance operation, he will step down from his position to explore other opportunities. Prashanth will remain with ADI through the end of the fiscal year to ensure a seamless transition to new financial leadership.

“I have greatly appreciated Prashanth’s expertise and many contributions to ADI over the past years. During his tenure, we have experienced a period of extraordinary revenue and margin growth as we have scaled our global business, defined our industry-leading business model, and navigated an unprecedented supply and demand landscape,” said ADI CEO & Chair, Vincent Roche. “I sincerely thank Prashanth for fostering strong investor community engagement, look forward to partnering with him during the transition, and wish him the best in his future endeavors.”

"It has been an honor to serve as ADI’s CFO, lead our world-class finance organization, and be a part of ADI’s outstanding leadership team. ADI is a phenomenal company that is defining the next generation of semiconductor technology and shaping the future of industries, while simultaneously delivering industry-leading growth and profitability. With ADI well-positioned for success, the time is right for me to begin transitioning to the next chapter in my career. I will always follow ADI with pride as it continues to drive technological breakthroughs for the betterment of society,” said ADI CFO Prashanth Mahendra-Rajah.

ADI has commenced a search to identify the company’s next CFO.

ADI is reaffirming its second quarter fiscal year 2023 financial outlook that was previously provided on February 15, 2023.

关于ADI公司

Analog Devices, Inc. (NASDAQ: ADI)是全球领先的半导体公司,致力于在现实世界与数字世界之间架起桥梁,以实现智能边缘领域的突破性创新。ADI提供结合模拟、数字和软件技术的解决方案,推动数字化工厂、汽车和数字医疗等领域的持续发展,应对气候变化挑战,并建立人与世界万物的可靠互联。ADI公司2023财年收入超过120亿美元,全球员工约2.6万人。携手全球12.5万家客户,ADI助力创新者不断超越一切可能。更多信息,请访问 www.analog.com/cn