Synaptics Inc (NASDAQ:SYNA) shares are up during Friday’s premarket session, trading higher by almost 2% as the company announced a transition in its executive leadership.
The stock’s movement comes in tandem with a broader positive sentiment in the market, with S&P 500 futures gaining 0.4%.
CFO Transition
Synaptics CFO Ken Rizvi has resigned effective immediately to pursue another opportunity. He will remain as an adviser through September 30, 2026, to support the transition.
The company will not search for a successor given its pending merger with ON Semiconductor Corporation (NASDAQ:ON).
