Enovix CFO Farhan Ahmad departs; company initiates search for replacement

Enovix Corp

CFO Farhan Ahmad left effective immediately, not due to disagreement with operations or policies.
Company is searching for a new CFO with strong investor relations and transparent communication.
Enovix holds over $250M cash, reduced cost structure, and financial runway for Penang factory ramp.
Executive Chairman T.J. Rodgers commits to more transparent investor communications going forward.

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