Cirrus Logic Reports Resignation Of CFO Venk Nathamuni Effective May 24, 2024, To Pursue Opportunity Outside Semiconductor Industry; Ulf Habermann Named As Interim CFO
Portfolio Pulse from Benzinga Newsdesk
Cirrus Logic announced the resignation of CFO Venk Nathamuni, effective May 24, 2024, as he pursues an opportunity outside the semiconductor industry. Ulf Habermann, the Principal Accounting Officer, has been named interim CFO to ensure a smooth transition while a search for a new CFO is conducted.
May 16, 2024 | 8:46 pm
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Cirrus Logic's CFO Venk Nathamuni has resigned, effective May 24, 2024, to pursue an opportunity outside the semiconductor industry. Ulf Habermann will serve as interim CFO during the transition period.
The resignation of a CFO can create uncertainty and potential instability within a company, which may negatively impact investor sentiment in the short term. The appointment of an interim CFO suggests that the company is taking steps to ensure a smooth transition, but the market may still react negatively to the news.
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