ON Semiconductor Announces Chief Financial Officer Transition
ON Semiconductor Corporation (Nasdaq: ONNN) today announced that its Executive Vice President and Chief Financial Officer, Donald Colvin, and the company have mutually agreed to Mr. Colvin's resignation as an officer of the company. It is anticipated that Mr. Colvin will continue in his current positions at the company for up to 90 days while the company conducts a search for a replacement chief financial officer. This search process has already been launched by the Board of Directors and is in process.
Keith Jackson, Chief Executive Officer of the Company, said, “I want to thank Donald for his many contributions to the Company. He has guided our finance department through years of growth and a number of significant acquisitions as the Company has transformed into a world-class global supplier of semiconductor products and solutions. We wish him the best in his future endeavors.”
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