Penguin Solutions names Stephen Cumming as CFO

Penguin Solutions, Inc. (Nasdaq: PENG) has appointed Stephen Cumming as Senior Vice President and Chief Financial Officer, effective immediately, according to a press release from the Fremont, California-based company.

Cumming most recently served as CFO of Edgio and previously held the same role at Cambium Networks, where he led the company through its initial public offering in 2019. He also served as CFO of Kenandy, Inc., a cloud-based enterprise software company, and spent 21 years in the semiconductor industry, including as CFO of Atmel Corporation and in senior finance roles at Fairchild Semiconductor and National Semiconductor. He holds a Bachelor of Science in Business from the University of Surrey and is a UK Chartered Management Accountant.

With Cumming's appointment, Aaron Johnson, who has served as Interim CFO since July 2026, will return to his role as Vice President of Finance and Accounting.

"We are pleased to welcome Stephen at this exciting time for Penguin," said Kash Shaikh, President and CEO of Penguin Solutions. "Stephen's extensive public-company experience and track record of operational rigor will strengthen our executive leadership team as we drive disciplined execution, pursue durable, profitable growth and remain obsessed with our customers' success."

In a separate release, Penguin Solutions also reported its fourth quarter and full year fiscal 2026 financial results and raised its full year fiscal 2027 outlook. Management hosted a conference call on October 6, 2026, at 1:30 p.m. Pacific Time to discuss the results.

You May Also Be Interested In

• Penguin Solutions (PENG) Tops Q4 EPS by 23c, Offers Guidance
• Securitize and LG CNS sign MOU to develop tokenized assets in Korea
• Byline Bancorp to acquire Illinois State Bancorp for $87.9M