Power Integrations announced that Nancy Erba will become its Chief Financial Officer, effective January 5, 2026. Erba brings more than 25 years of corporate finance experience, most recently serving as CFO of Infinera Corporation from 2019 until its acquisition by Nokia in 2025, and previously as CFO of Immersion Corporation from 2016 to 2019. She has also held senior finance roles at Seagate Technology and serves on the board of PDF Solutions, where she chairs the audit committee.
The appointment signals Power Integrations’ intent to strengthen its financial leadership as it expands its high‑voltage semiconductor business and pursues growth opportunities in artificial intelligence, electrification and decarbonization. The company’s flagship PowiGaN technology positions it to capture demand from data‑center power conversion, electric‑vehicle charging, and renewable‑energy infrastructure, all of which are expected to accelerate in the coming years.
Power Integrations maintains a robust balance sheet with no debt and a strong current ratio, but the company has experienced a decline in operating margin and a negative three‑year revenue growth rate. Erba’s experience in high‑growth technology firms and her track record of cost discipline will be critical in addressing margin compression while supporting the company’s expansion into new markets.
CEO Jen Lloyd welcomed Erba, noting that “Nancy brings an outstanding track record of financial stewardship and shareholder value creation, combined with deep experience in the technology sector, including key end markets such as data center. Her leadership will be instrumental as we sharpen our strategy and accelerate our growth.” Erba echoed this sentiment, stating that “AI, electrification, and decarbonization are accelerating demand for innovative high‑voltage semiconductors. Power Integrations is uniquely positioned with financial strength, an innovative culture, and transformative technologies such as PowiGaN™ to capitalize on this growth opportunity.”
The CFO’s appointment underscores the company’s focus on disciplined financial management and strategic investment. With Erba’s background in managing capital for technology companies that have undergone significant growth and integration events, Power Integrations is positioned to navigate the capital‑intensive nature of semiconductor development while maintaining shareholder value.
The move also reflects the company’s broader strategy to leverage its technological strengths in high‑voltage power conversion to capture market share in rapidly expanding sectors such as AI data centers, electric vehicles, and renewable energy. Erba’s expertise will help align financial planning with these growth initiatives, ensuring that capital allocation supports both short‑term operational needs and long‑term innovation.
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