Navitas Semiconductor CFO Todd Glickman to depart

Navitas Semiconductor CFO Todd Glickman to depart

Navitas Semiconductor Announces CFO Departure, Shares Decline 8%
February 24, 2026

Navitas Semiconductor Corp. (NVTS) disclosed on September 16, 2024, that Todd Glickman, its Chief Financial Officer, has resigned from the company. The announcement, detailed in a Form 8-K filing with the U.S. Securities and Exchange Commission, triggered an 8% decline in the company's stock price in the following trading session.

The filing did not specify the reasons for Glickman's departure or provide details on succession plans. However, it noted that the board of directors is in the process of identifying a permanent replacement. A spokesperson for Navitas confirmed the resignation but declined to comment further on the circumstances surrounding the exit.

The stock's sharp decline reflected investor concerns over leadership stability amid Navitas' ongoing strategic initiatives in the power semiconductor market. According to market analysts, the resignation raises questions about the company's ability to maintain financial discipline as it navigates competitive pressures and supply chain challenges.

Navitas, a leader in gallium nitride (GaN) semiconductor technology, has faced volatility in recent months due to macroeconomic uncertainties and sector-wide inventory adjustments. The company reported mixed financial results in its most recent quarterly earnings, with revenue growth outpacing profitability metrics.

In its Form 8-K, Navitas emphasized that Glickman's departure is not expected to disrupt day-to-day operations or existing financial obligations. The company also stated it remains on track to meet previously announced fiscal 2024 guidance.

Investors will closely monitor the timeline for appointing a new CFO and any potential impact on Navitas' strategic priorities. Leadership transitions in executive roles often influence market sentiment, particularly in high-growth technology sectors where financial stewardship is critical to sustaining investor confidence.

This article relies exclusively on publicly disclosed information and does not reflect internal company commentary beyond provided statements.