- Push-out Score determined
- After almost 14 years in the position
- Praise for Rhode
- John Forsyth taking over
- Rhode will remain as executive fellow at Cirrus
- Rhode said 78 words
(exechange) — Austin, Texas, November 2, 2020 — Jason Rhode, chief executive of Cirrus, leaves his position. As announced by Cirrus Logic Inc. in a news release and in a regulatory filing published on Monday, November 2, 2020, Jason P. Rhode leaves his post as chief executive officer of the fabless semiconductor supplier after almost 14 years in the role, effective January 1, 2021.
Jason Rhode’s duties as CEO will be taken over by John M. Forsyth, currently President of Cirrus Logic Inc.
No reason given
In the announcement, Cirrus did not explicitly explain the reason for Jason Rhode’s move, leaving room for speculation.
Rhode will remain as executive fellow at Cirrus
“Rhode will remain at Cirrus Logic as an executive fellow where he will work with John following the transition of the CEO responsibilities, as well as continuing to be directly involved in customer relationships and talent development within the company,” Cirrus said.
“Step down”
Cirrus said: “Jason Rhode plans to step down as chief executive officer and director effective Jan. 1, 2021.”
Share price increase since May 2007
The announcement follows an increase in Cirrus Logic Inc.’s share price of 790% since the beginning of Rhode’s tenure in May 2007.
Chaired by Al Schuele
Al Schuele serves as Cirrus Logic Inc.’s Chairman.
In the position of CEO since 2007
Jason Rhode became CEO of the Company in 2007.
Rhode is the CEO of the Company.
From May 2007 through January 2020 he held the combined position of President and CEO.
Rhode joined the Company in 1995 and served in various engineering positions until he became Director of Marketing for analog and mixed-signal products in November 2002.
He was appointed Vice President, General Manager, Mixed-Signal Audio Products, in December 2004, a role he served in until his appointment as President and CEO.
Rhode holds a B.S. in Electrical Engineering from San Diego State University, as well as M.S. and doctorate degrees in Electrical Engineering from North Carolina State University.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Cirrus and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 45.2020 ($).