Synaptics Announces Retirement of CFO; Raises Second Quarter Fiscal 2015 Revenue Guidance
SAN JOSE, Calif., Dec. 4, 2014 /PRNewswire/ – Synaptics Inc. (NASDAQ: SYNA (SYNA)), a leading developer of human interface solutions, today announced that Kathleen Bayless, Senior Vice President and Chief Financial Officer, intends to retire from the company in February 2015. Synaptics has engaged a leading executive search firm to conduct a national search for her successor.
“We would like to thank Kathy for more than five years of service to Synaptics, during which the company has experienced strong financial progress and growth,” said Rick Bergman, President and CEO. “She has made invaluable contributions during periods of rapid transformation and expansion and will be leaving the company in a very strong financial position.”
“As a result of our dynamic growth over the past few years, Synaptics is now a much larger company with increasing global scale. We believe we have the right vision, talent and technological innovation to continue our position as the leading human interface company. This transition provides an opportunity to find another world-class CFO to provide strong financial leadership to take us through the next phase of our growth,” concluded Mr. Bergman.
Synaptics also raised its financial outlook for the second quarter of fiscal 2015, with revenue expected to be within the range of $440 to $460 million, up from its prior guidance of $415 to $450 million.