Skyworks Solutions, Inc. (Nasdaq: SWKS) announced today that Mark Dentinger will not be joining Skyworks as Chief Financial Officer (CFO) due to an unforeseen medical condition. Robert Schriesheim, a member of Skyworks’ Board of Directors, has been appointed interim CFO while Skyworks conducts a comprehensive search for a successor.
“We were looking forward to Mark joining Skyworks but support his decision to prioritize his health. We all wish him a full and speedy recovery,” said Phil Brace, chief executive officer and president of Skyworks. “We are pleased that Rob has stepped into this interim role and are confident in his ability to guide our financial strategy and team during this transition.”
Mr. Schriesheim has been a director of Skyworks since 2006 and currently serves as chairman of Truax Partners LLC, partnering with CEOs, Boards and institutional investors as a private investor and director. He has extensive financial, strategic and governance expertise having served on 12 public boards ranging from under $1 billion in revenue to Fortune 500 in size. He has served as CFO of four public companies with revenue from $1 billion to $40 billion including Sears Holdings, Hewitt Associates and Lawson Software. His experience has been in the software, communications, semiconductor, information technology, financial services and retail sectors. He also serves as an Adjunct Associate Professor of Finance at The University of Chicago Booth School of Business focused in the area of Corporate Governance and Activism. Mr. Schriesheim currently serves as Lead Independent Director of Houlihan Lokey and as a director of Alight Solutions. Mr. Schriesheim has an AB in chemistry from Princeton University and an MBA from the University of Chicago Booth School of Business.
“As a long serving board member with a strong belief in and passion for the company, I look forward to serving in an interim capacity in support of Phil and his team while we conduct a search for a permanent CFO,” said Mr. Schriesheim.
Skyworks remains committed to executing its strategic plan and driving long-term value for shareholders.
