News: Microelectronics
5 April 2022
Qorvo announces chief financial officer transition
Qorvo Inc of Greensboro, NC, USA (which provides core technologies and RF solutions for mobile, infrastructure and defense applications) says that, after being appointed chief financial officer in June 2016, Mark Murphy is leaving the firm, effective 18 April, to join Micron Technology Inc as its CFO.
Qorvo has initiated a comprehensive search for a new CFO. Vice president of treasury Grant Brown has been named interim CFO through the transition period.
“On behalf of the board of directors and Qorvo’s management team, we thank Mark for his many contributions to Qorvo,” says CEO Bob Bruggeworth. “Qorvo has built a high-performing finance team under Mark that has been critical to executing our strategic priorities,” he adds.
“Grant has been with Qorvo for many years and has been a key part of our disciplined growth, leading various functions in our finance team,” notes Bruggeworth. “He has extensive knowledge of our business and is uniquely positioned to support Qorvo during this period as we deliver on our financial and strategic initiatives.”
The firm’s guidance for its fiscal fourth-quarter 2022 (provided on 2 February) remains unchanged.
Qorvo’s December quarter exceeds the mid-point of guidance for revenue, gross margin and EPS
