Power Integrations CEO Balu Balakrishnan to retire; search for successor underway

POWER INTEGRATIONS INC

Balu Balakrishnan, CEO since 2002, notified company on Feb 3, 2025 of retirement; will stay until successor named.
Board retained executive search firm; internal and external candidates will be considered.
Balakrishnan to serve as executive chairman during transition and remain on board.
Balakrishnan, 70, joined Power Integrations in 1989; holds over 200 U.S. patents.
Retirement not result of any dispute or disagreement with company or board.

item 5.02 item 9.01

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Departed

Balu Balakrishnan

president and chief executive officer

POWI · POWER INTEGRATIONS INC

Filed: February 7, 2025, 6:59 PM ET

On February 3, 2025, Balu Balakrishnan notified the Company that he intends to retire from his position as president and chief executive officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Balu Balakrishnan departed as president and chief executive officer at POWER INTEGRATIONS INC.

Action: retire
Role: president and chief executive officer

Exact text from the filing

On February 3, 2025, Balu Balakrishnan notified the Company that he intends to retire from his position as president and chief executive officer.

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POWER INTEGRATIONS INC filing history →

Source: SEC EDGAR

accession 0000833640-25-000041

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