Lattice Semiconductor Announces Interim CFO Appointment
Lattice Semiconductor (NASDAQ: LSCC), a leader in low power programmable solutions, has made significant changes in its executive leadership as Sherri Luther resigns from her position as Chief Financial Officer (CFO). This transition occurs immediately as Luther seeks new opportunities. In her stead, Lattice has appointed Tonya Stevens, Corporate Vice President and Corporate Controller, as the interim CFO. This strategic move aims to ensure a seamless transition while the board searches for a permanent replacement.
Tonya Stevens: A Strong Financial Leader
With over 30 years of experience in corporate finance, Stevens brings a wealth of knowledge and expertise to her new role. Her tenure at Lattice has been marked by leadership in pivotal strategic transformations that have optimized the company's operations and strengthened its financial foundation. Before joining Lattice, Stevens held influential finance positions at notable companies such as Intel and PwC, showcasing her deep expertise in finance and accounting. She is also a Certified Public Accountant (CPA) and holds a bachelor’s degree in accounting and business management from the University of Oregon.
CEO's Confidence in the Future
Ford Tamer, the CEO of Lattice Semiconductor, expressed strong support for the Lattice team during this transition. He stated, “I have tremendous confidence in the Lattice team to drive our next phase of growth by building on our strong customer momentum and seizing untapped opportunities for our differentiated FPGA solutions.” Tamer also expressed gratitude for Sherri Luther's contributions over the past six years, thanking her for her role in building a robust team. He looks forward to collaborating with Stevens to continue executing on the company's strategic vision.
Reflections from Sherri Luther
In her remarks, Sherri Luther reflected on her time at Lattice and expressed pride in the achievements made during her tenure. “I’m grateful for my time at Lattice and proud of all we've accomplished to create a strong foundation for the company,” she said. She went on to highlight her positive experiences working with CEO Ford Tamer and expressed confidence in the leadership and direction of the company moving forward.
Future Outlook and Guidance
Alongside the announcement of the new interim CFO, Lattice Semiconductor reaffirmed its guidance originally provided on July 29, which outlines the company’s projected performance metrics. The upcoming financial results are set to be reported on a scheduled date, affirming Lattice's commitment to transparency and communication with its stakeholders, emphasizing the importance of accurate and timely disclosures.
About Lattice Semiconductor
Lattice Semiconductor, trading under NASDAQ: LSCC, is recognized as the leader in low power programmable solutions. The company addresses a wide array of customer challenges across multiple sectors, including Communications, Computing, Industrial, Automotive, and Consumer markets. Leveraging advanced technology and cultivating long-standing relationships, Lattice helps customers unlock their innovative potential, fostering a smarter, more connected world.
Frequently Asked Questions
Who is the new interim CFO of Lattice Semiconductor?
The new interim CFO is Tonya Stevens, who will oversee the finance operations during the transition period.
What prompted the CFO transition at Lattice Semiconductor?
Sherri Luther resigned from her position to pursue new opportunities, leading to Tonya Stevens being appointed as the interim CFO.
How long has Tonya Stevens been with Lattice Semiconductor?
Tonya Stevens has over 5 years of experience working with Lattice Semiconductor in various finance roles.
What is the market focus of Lattice Semiconductor?
Lattice Semiconductor specializes in low power programmable solutions across multiple markets including communications and automotive.
When will Lattice Semiconductor report its financial results?
The company is expected to report its financial results on a scheduled date, reaffirming its ongoing commitment to stakeholders.
