Navitas Semiconductor names Chris Allexandre CEO effective Sept 1; founder Sheridan resigns

Navitas Semiconductor Corp

Chris Allexandre succeeds founder Gene Sheridan as President and CEO, effective Sept 1, 2025; Sheridan leaves Board Aug 31.
Allexandre previously SVP/GM of Renesas Power Division, overseeing $2.5B power business and Transphorm integration.
Employment terms: $520k base salary, 120% target bonus, 800k RSU recruitment award vesting 2027-2029, $2.5M PSU grant.
Sheridan receives $2.4M transition payments over 12 months and will advise Allexandre for up to one year.
Company reaffirms Q3 2025 financial guidance (unchanged from Aug 4, 2025 press release).

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