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Synaptics Announces Chief Financial Officer Transition

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SAN JOSE, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) today announced the resignation of its Chief Financial Officer, Dean Butler, effective immediately, to pursue a new opportunity. Butler will continue in an advisory role through April 5, 2024, to provide any assistance the company needs.

To facilitate a seamless transition while a search is conducted to identify a new CFO, Synaptics is taking immediate steps to enhance and strengthen its finance function:

  • Esther Song, a 16-year veteran of Synaptics has been appointed Principal Accounting Officer and will continue to serve as the company’s Vice President and Corporate Controller. Song has a robust leadership history on the company’s finance team, joining the company in 2007 as an Assistant Corporate Controller and serving as Senior Director and Global Controller from 2015 to 2023.
  • Kermit Nolan, the former Chief Accounting Officer who retired at the end of 2023, is returning as a consultant to provide advisory support to the internal team. Throughout his 20-year tenure with Synaptics, Nolan contributed significantly in many capacities, including acting CFO.

“I have tremendous confidence in the finance team and adding Kermit gives us runway as we begin our search for a new CFO. We continue to have a great deal of optimism around our processor and connectivity business and believe this area of growth will create an even stronger company in the future,” said Michael Hurlston, Chief Executive Officer of Synaptics. “I would like to thank Dean for his contributions to our success over the past few years and wish him the best in his new role.”

About Synaptics Incorporated:
Synaptics (Nasdaq: SYNA) is changing the way humans engage with connected devices and data, engineering exceptional experiences throughout the home, at work, in the car, and on the go. Synaptics is the partner of choice for the world’s most innovative intelligent system providers who are integrating multiple experiential technologies into platforms that make our digital lives more productive, insightful, secure, and enjoyable. These customers are combining Synaptics’ differentiated technologies in touch, display, and biometrics with a new generation of advanced connectivity and AI-enhanced video, vision, audio, speech, and security processing. Follow Synaptics on LinkedIn, Twitter, and Facebook, or visit synaptics.com.

Synaptics and the Synaptics logo are trademarks of Synaptics in the United States and/or other countries. All other marks are the property of their respective owners.

Investor Relations contact:
Munjal Shah
+1-408-518-7639
munjal.shah@synaptics.com

Media contact:
Patrick Mannion
+1-631-678-1015
patrick.mannion@synaptics.com


SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This website contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business, and can be identified by the fact that they do not relate strictly to historical or current facts. Such forward-looking statements may include words such as "expect," "anticipate," "intend," "believe," "estimate," "plan," "target," "strategy," "continue," "may," "will," "should," variations of such words, or other words and terms of similar meaning. All forward-looking statements reflect our best judgment and are based on several factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Such factors include, but are not limited to, the risks as identified in the "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Business" sections of our Annual Report on Form 10-K for our most recent fiscal year, and other risks as identified from time to time in our Securities and Exchange Commission reports. Forward-looking statements are based on information available to us on the date hereof, and we do not have, and expressly disclaim, any obligation to publicly release any updates or any changes in our expectations, or any change in events, conditions, or circumstances on which any forward-looking statement is based. Our actual results and the timing of certain events could differ materially from the forward-looking statements. These forward-looking statements do not reflect the potential impact of any mergers, acquisitions, or other business combinations that had not been completed as of the date of this filing.

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