Adeia CEO Paul Davis to step down

Adeia (ADEA) announced that after the past four years serving as chief executive officer of Adeia, Paul Davis has informed the company and the board that he intends to step down as the company’s chief executive officer and as a member of the board to focus on his health and personal pursuits. Davis plans to stay on as the chief executive officer and board member until such time as a successor has been named, with a target date for the search to be completed by the fourth quarter of 2026. The board is launching a search led by a special transition committee of the board that will be chaired by Dan Moloney, the company’s chairman of the board.