NVE Corp CEO to retire, successor named for August transition

NVE Corporation (NASDAQ: NVEC) announced that Daniel A. Baker, Ph.D., will retire as President and Chief Executive Officer, effective at the company's Annual Shareholders' meeting on August 6, 2026.

Pending shareholder approval, Dr. Baker, 68, will remain on the Board of Directors as Chairman of the Board.

The Board of Directors appointed Peter G. Eames, 50, as President and Chief Executive Officer, effective at the same time. Eames currently serves as Vice President of Advanced Technology and was also nominated to the company's Board of Directors.

Eames has held the Vice President of Advanced Technology role since 2016. Prior to that, he served as Director of Advanced Technology, as a program manager, and as a research scientist at the company.

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