Everspin Technologies President and CEO Kevin Conley resigns, stock plunges 30%

Dec. 15, 2020 5:53 PM ETEverspin Technologies, Inc. (MRAM)By: Shweta Agarwal, SA News Editor
  • Everspin Technologies (NASDAQ:MRAM) announces that Kevin Conley has decided to resign as President and CEO of the company after his three years of leadership, effective Jan. 30, 2021.
  • Executive Chairman Darin Billerbeck will take up the interim CEO role.
  • Darin brings in experience in the semiconductor memory market, previously serving as the VP/GM of Intel’s Flash memory group, President and CEO of Zilog, and President and CEO of Lattice Semiconductor. He has served as a member of Everspin Technologies' Board since August 2018 and as non-executive Chairman of the Board since March 2019.
  • Updated Q4 2020 Guidance: Revenue now expected to range between $10.1M and $10.5M vs. consensus of $10.5M. The updated guidance compares to previous range of $10.1M to $10.9M.
  • Stock down 29.45% AH.

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.