Silicon Labs (SLAB) CFO Walsh Resigns

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Silicon Labs (Nasdaq: SLAB) announced that the company’s CFO, Paul Walsh, is leaving Silicon Labs for another opportunity outside of the semiconductor industry. Silicon Labs’ former CFO and current board member, Bill Bock, will be returning to the management team as the interim CFO.

Mr. Bock will be leading a strong and proven global finance organization that has been built over the last decade to support the expansion of the business. The CFO transition is not expected to result in any changes to Silicon Labs’ financial philosophy or the target financial model. The company is also confident in its near-term prospects and reiterated guidance for the current quarter.

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