Silicon Labs starts the search for new CFO
As John Hollister will depart from Silicon Labs to join partner GlobalFoundries as CFO; CAO Mark Mauldin to be named interim CFO. Silicon Labs Announces CFO Transition
John Hollister will step down as CFO of Silicon Labs to join partner GlobalFoundries as its new CFO. Mark Mauldin, Silicon Labs' chief accounting officer, will work closely with Hollister to transition responsibilities and will be named interim chief financial officer when the handover is completed by February 2, 2024.
Silicon Labs says it is searching for a new CFO to continue to scale the company as a leader in embedded wireless solutions for the Internet of Things.
"We thank John for his 20 years of service to Silicon Labs, ten of those as chief financial officer. His accomplishments in supporting Silicon Labs' growth clearly caught the attention of our long-standing partner, GlobalFoundries," says Matt Johnson, President and CEO at Silicon Labs, in a press release. "Under John's financial leadership, Silicon Labs has consistently outperformed the market and established a strong foundation for continued long-term growth."
Silicon Labs is poised to continue to scale and grow as the semiconductor market recovers from a cyclical downturn. In its search for a new CFO, Silicon Labs will evaluate candidates for strengths in scaling companies and defining and managing financial strategies for rapid growth.
"I'm grateful for my time at Silicon Labs and proud of all that we've accomplished. Through a combination of strong organic growth, strategic M&A, disciplined financial management, and a pivotal divestiture two years ago, we have created the world's leading IoT pure-play company with the broadest range of technology. Based on record design win momentum, Silicon Labs has an extremely bright future," says John Hollister, the departing CFO at Silicon Labs.