Power Integrations names Analog Devices exec Jennifer Lloyd as CEO, effective July 21, 2025

POWER INTEGRATIONS INC

Jennifer Lloyd (ex-Analog Devices VP) appointed CEO and board member; Balu Balakrishnan becomes Executive Chairman through Feb 2026, then consultant.
Lloyd receives $650K base salary, $2.5M RSUs, $2.5M PRSUs, and $1M sign-on RSUs; total equity value up to ~$6M+.
Balakrishnan's severance benefits amended; will earn $375K/year as Executive Chairman, then consulting role through Feb 2029.
Company expects $14-$17M net stock compensation charge in Q3 2025 due to accelerated vesting of Balakrishnan's awards.
Lloyd previously served on Power Integrations board from 2021-2022; brings deep power-industry expertise.

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