Enovix Corporation announced that Dr. Raj Talluri has resigned as President, Chief Executive Officer, and director, effective August 13, 2026. The company appointed its Chief Financial Officer, Ryan Benton, as Interim CEO and its Chairman, T.J. Rodgers, as Executive Chairman. The company also reaffirmed its financial guidance for the third quarter of 2026, stating the change is a "CEO transition, not a strategy transition."
Key Details
- CEO Resignation: Dr. Raj Talluri resigned from his positions as CEO, President, and board member on August 13, 2026, to pursue another opportunity. The resignation was not the result of any disagreement with the company.
- Interim Leadership Appointments: Effective August 14, 2026, the Board appointed CFO Ryan Benton as Interim CEO and Chairman T.J. Rodgers as Executive Chairman.
- CEO Search: The Board of Directors is conducting a search for a permanent Chief Executive Officer.
- Financial Guidance Reaffirmed: Enovix reaffirmed its third quarter 2026 financial guidance previously provided on August 12, 2026.