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Stock impact report

Power Integrations CEO Balu Balakrishnan to Retire

Power Integrations, Inc. (POWI) 
Last power integrations, inc. earnings: 1/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.power.com
Company Research Source: Business Wire
Will remain CEO until successor is in place and then continue as executive chairman to ensure smooth transition SAN JOSE, Calif.--(BUSINESS WIRE)--Power Integrations (Nasdaq: POWI), the leader in high-voltage integrated circuits for energy-efficient power conversion, today announced that Balu Balakrishnan, the company’s CEO since 2002, will retire from that role once a successor is in place. The company’s board of directors has retained an executive search firm to assist in identifying its next CEO; both internal and external candidates will be considered. Mr. Balakrishnan, 70, intends to serve as executive chairman of the company’s board for as long as is needed to ensure a smooth transition to his successor, and is expected to remain on the board of directors thereafter.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250206730824/en/Power Integrations CEO Balu Balakrishnan (Photo: Business Wire)Mr. Balakrishnan joined P Show less Read more
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