Lattice Semiconductor Announces Resignation of Chief Financial Officer and Appointment of Interim CFO

Strategic Insights -

Lattice Semiconductor Corporation, a leading low power programmable leader, has announced the resignation of its Chief Financial Officer (CFO), Sherri Luther, effective immediately. Luther, who has been with the company for six years, is leaving to pursue a new opportunity. The company has appointed Tonya Stevens, its current Corporate Vice President and Corporate Controller, as Interim CFO to facilitate a seamless transition while the Board conducts a search to identify a new CFO. Stevens has over 30 years of corporate finance experience, including over five years at Lattice, and has led key strategic transformations that have helped the company optimize its operations and strengthen its financial foundation.

Key Takeaways:

  • Lattice Semiconductor announced the resignation of Chief Financial Officer (CFO) Sherri Luther, effective immediately, to pursue a new opportunity.
  • Tonya Stevens, Lattice's current Corporate Vice President and Corporate Controller, has been appointed as Interim CFO to facilitate a seamless transition.
  • Stevens has over 30 years of corporate finance experience, including over five years at Lattice, and has led key strategic transformations that have helped the company optimize its operations and strengthen its financial foundation.
  • Luther has been with Lattice for six years and has built a strong team, but will leave the company to pursue new opportunities.
  • The company is reaffirming its guidance provided on July 29, 2024, and will report its financial results on November 4, 2024.
  • Stevens is a Certified Public Accountant (CPA) and holds a bachelor's degree in accounting and business management from the University of Oregon.

Statistics:

  • 30 years: the amount of corporate finance experience Tonya Stevens has.
  • 5 years: the amount of time Stevens has spent at Lattice Semiconductor.
  • 6 years: the amount of time Sherri Luther has spent at Lattice Semiconductor.
  • October 10, 2024: the date on which Sherri Luther's resignation became effective.
  • October 11, 2024: the date on which Tonya Stevens was appointed as Interim CFO.
  • July 29, 2024: the date on which Lattice Semiconductor provided its guidance.

Sources:

  • Lattice Semiconductor Corporation - "Lattice Semiconductor Announces Resignation of Chief Financial Officer and Appointment of Interim CFO" - https://www.latticesemi.com/page/newsroom/press_releases
  • NASDAQ - "Lattice Semiconductor Corporation (LSCC) - News & Events" - https://www.nasdaq.com/investing/stock/lattice-semiconductor-corporation-70.26245d1c-31aa-4e51-83d5-83d553234234