27 May 2022
Navitas appoints Ron Shelton as new CFO
GaN power integrated circuit firm Navitas Semiconductor of El Segundo, CA, USA and Dublin, Ireland has appointed Ron Shelton as senior VP, chief financial officer & treasurer. In parallel, interim CFO Todd Glickman will continue in his integral role as senior VP of finance.
“He brings rich experience as a public-company CFO in semiconductors, in M&A and other strategic transactions, which will be invaluable in our mission to become the leading next-generation power-semiconductor company,” comments CEO & co-founder Gene Sheridan.
“I would like to thank Todd for his support and leadership through Navitas’ journey from a start-up through our debut as a public company last October, as our interim CFO,” he adds. “I am grateful to have his continued support as we enter a new phase of growth for our company.”
Shelton was previously CFO at Adesto Technologies, a provider of application-specific semiconductors and embedded systems for Internet of Things (IoT) devices, from 2011 to 2020. Prior to that, he was CFO at GigOptix, Cirrus Logic and other semiconductor companies. Shelton is currently a member of the board of directors and an officer of Parabellum Acquisition Corp, a blank-check company formed for the purpose of effecting a business combination. Parabellum has announced its intention to focus its search for a business combination target on companies that are actively engaged in IoT technology in various segments.
Shelton has significant transactional experience and has been involved in various transactions with an aggregate value of over $2bn, including mergers & acquisitions, IPOs, debt and equity financings, joint ventures, strategic investments, and technology licensing. Shelton has a bachelor’s degree in economics from Stanford University.