8-KLeadership Changes

ANALOG DEVICES INC 8-K Report, Executive Changes (Oct 13, 2023)

Filed October 13, 2023For Securities:ADI

Summary

Analog Devices, Inc. (ADI) announced a key leadership change in its finance department through an 8-K filing dated October 12, 2023. The Board of Directors has appointed James Mollica as the interim Chief Financial Officer, effective October 29, 2023. This appointment is temporary, pending the completion of the ongoing search for a permanent CFO. Mr. Mollica is a long-tenured employee with 35 years at ADI, holding various senior finance positions, most recently as Vice President, Finance, Global Customer Office. His extensive experience within the company, including prior CFO roles at Maxim Integrated and as Vice President of FP&A and Treasurer, positions him to ensure continuity in financial operations.

Key Highlights

  • 1James Mollica appointed interim Chief Financial Officer, effective October 29, 2023.
  • 2Appointment is temporary, pending the selection of a permanent CFO.
  • 3Mr. Mollica has 35 years of experience with Analog Devices.
  • 4Recent role: Vice President, Finance, Global Customer Office since December 2021.
  • 5Previous financial leadership roles include CFO of Maxim Integrated and VP, FP&A and Treasurer.
  • 6No family relationships or related party transactions require disclosure for Mr. Mollica.
  • 7Mr. Mollica will enter into the standard executive officer indemnification agreement.

Frequently Asked Questions

The appointment of an interim CFO, James Mollica, is a proactive measure taken by the Board of Directors to ensure leadership continuity in the finance department while the company conducts its search for a permanent Chief Financial Officer.

James Mollica is a seasoned executive with 35 years of experience at Analog Devices. He most recently served as Vice President, Finance, Global Customer Office and has held previous significant financial roles, including CFO of Maxim Integrated and Vice President of Financial Planning & Analysis and Treasurer.

The appointment of James Mollica as interim Chief Financial Officer is effective as of October 29, 2023.

Based on the filing, there are no family relationships or related person transactions involving Mr. Mollica that require disclosure under Regulation S-K, suggesting no immediate conflicts of interest concerns.