Power Integrations, Inc. (POWI)

Jennifer Lloyd has been president, chief executive and a director since July 2025, chosen in a planned succession after the retirement of Balu Balakrishnan, who ran the company as president and chief executive from 2002 until 2025 after earlier engineering, strategic marketing and business development roles there. He stayed on as executive chairman through February 9, 2026 and now serves as a consultant, supporting the company's intellectual property and ongoing litigation. Lloyd came from Analog Devices, where she worked from 1997 until July 2025 in roles that included corporate vice president leading its multi-market power business; she had also sat on Power Integrations' own board from April 2021 through October 2022. The turnover ran wider than the top job: the proxy statement lists five former executive officers no longer employed by the company, among them the vice presidents for marketing, technology and corporate development, whose service ran through June 2025, September 2025 and March 2026. 12345678

The finance post changed hands too. Nancy Erba became chief financial officer in January 2026, after the same post at Infinera from 2019 through its acquisition in 2025 and at Immersion from 2016 to 2019, with senior roles at Seagate Technology before that. She followed Sandeep Nayyar, who concluded his service as chief financial officer on October 4, 2025, and Robert Eric Verity, interim chief financial officer from that day until January 5, 2026. The annual report named Gagan Jain, with the company since 2013 after managerial posts at Infineon Technologies Japan, as head of worldwide sales since September 2024; in May 2026 the board appointed Mike Balow senior vice president, worldwide sales, after he had run sales at onsemi from 2021 to 2025 and earlier at Infineon Technologies and Cypress Semiconductor. Sunil (Sunny) Gupta, who had run operations since August 2020 after posts at Renesas, Intersil and Qualcomm and 16 years at National Semiconductor, gave notice in August 2026 that he would resign effective August 25, 2026, not, the company says, over any disagreement. 91011121314151617181920

The board split the chair from the chief executive after the succession. Balakrishnan S. Iyer, an independent director on the board since February 2004 and once chief financial officer of Conexant Systems, became chairman in February 2026 after serving as lead independent director from May 2023. Recent arrivals bring power-chip and car experience: Gregg Lowe, a director since February 2025, ran Wolfspeed, a silicon carbide company, from September 2017 until November 2024; Ravi Vig, a director since April 2023, was chief executive of Allegro MicroSystems until June 2022; Nancy Gioia led global electrification at Ford. The proxy statement says two long-serving directors, Balu Balakrishnan and Nicholas E. Brathwaite, a director since January 2000, would retire at the annual meeting, taking the board from nine members to seven. 2122232425262728

At the end of 2025 Power Integrations employed 877 full-time staff in 15 countries: 339 in North America, 421 in the Asia-Pacific region and 117 in Europe. Research and development counted 301 people at year end. The annual report puts average tenure at nearly 7.5 years and calls turnover below average for its industry. Weeks after the year closed, on February 2, 2026, the company let go about 7% of its global workforce to lower costs and create a more efficient organization, a cut it estimated would cost 3.5 to 4.0 million dollars, nearly all of it severance and benefits. 29303132