Aliso Viejo-based Indie Semiconductor announced yesterday the retirement of company president Ichiro Aoki effective June 29.
Co-founder Aoki served as president since the company’s establishment and will transition to the role of technical advisor, focused on his expertise and support.
“Ichiro’s contributions have been instrumental in shaping our culture and many of the major engineering accomplishments that have propelled our success. We look forward to his ongoing guidance in his new role as technical advisor,” Chief Executive and Co-founder Donald McClymont said in a statement.
Thomas Schiller, who currently serves the firm as a strategic advisor and previously served as chief financial officer and executive vice president of strategy, will take Aoki’s place on the board.
“Tom has demonstrated a strong commitment to driving performance, creating shareholder value, and identifying new opportunities for long-term success. The board and I look forward to leveraging Tom’s unique perspectives and deep industry expertise,” Board Chairman David Aldrich said.
Shares of the company fell 5.3% in midday trading today to $3.84 per share, for a market cap of $809 million (Nasdaq: INDI).
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