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Power Integrations CEO Balu Balakrishnan Retires

February 06, 2025 — 05:31 pm EST

Written by RTTNews.com for RTTNews->

(RTTNews) - Power Integrations (POWI), Thursday, announced that Chief Executive Officer Balu Balakrishnan will retire once a successor is in place. He will serve as executive chairman during the transition and remain on the board.

Balakrishnan, who joined in 1989, previously from National Semiconductor, pioneered key products like TOPSwitch and TinySwitch and holds over 200 patents.

POWI closed Thursday's trading at $60.75 down 2.80 percent or $1.75 on the Nasdaq.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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