Power Integrations CFO Nayyar to leave company, Verity named interim CFO

Power Integrations (POWI) announced that Sandeep Nayyar, the company’s chief financial officer since 2010, will leave the company effective October 4 to pursue a new opportunity. Eric Verity, senior director of finance and a veteran member of the company’s finance leadership team, will serve as interim CFO while the company searches for a new CFO. Additionally, the company reaffirmed the third-quarter financial outlook it provided on August 6, 2025. Commented Jennifer Lloyd, president and CEO of Power Integrations: “Sandeep has played a vital role on our senior leadership team over the past 15 years. Thanks to his expert stewardship, Power Integrations has a strong financial foundation to build upon as we execute our growth strategy. We wish Sandeep all the best in his new role.” Nayyar stated: “It has been a privilege to serve as CFO of Power Integrations, and I am incredibly proud of all that our finance and HR teams have accomplished during my tenure. As I begin the next chapter of my career, I leave knowing that Power Integrations is on very solid financial footing, with an extremely capable new leader in Jen Lloyd.”