Synaptics has named a new CEO and reported fourth quarter net income of $13.1 million, or 36 cents a share, up from $2.6 million, or 7 cents a share in the same period last year. Santa Clara-based Synaptics said its chairman and CEO, Francis F. Lee, is retiring and will be replaced by Thomas J. Tiernan, who has been the company’s COO, reported the San Jose Business Journal. “Synaptics is stronger and better positioned than at any time in its history and as I am interested in dedicating more of my time to my family, my foundation and other charitable and civic endeavors, I feel this is the right time for me to step down as CEO,” Lee said. “Tom and I have worked closely together to spearhead the company’s growth over the past three years, and the board and I have confidence in Tom’s ability to lead the company through its next stages of growth.” The company also reported $115.3 million in revenue, up from the year-ago quarter’s $96.9 million.
Synaptics Names New CEO, Rise in Q4 Profits
Synaptics has named a new CEO and reported fourth quarter net income of $13.1 million, or 36 cents a share, up from $2.6 million, or 7 cents a share in the same period last year. Santa Clara-based Synaptics said its chairman and CEO, Francis F. Lee, is retiring and will be replaced by Thomas J. [...]
July 31, 2009