Data I/O Announces New CFO, Charles DiBona, and Restructures Financial Operations

Data I/O Corporation has announced the appointment of Charles DiBona as Vice President and Chief Financial Officer, effective August 11, 2025. DiBona brings nearly two decades of experience in financial reporting, resource optimization, IT system implementation, capital markets, and merger and acquisition functions. He has held various CFO and financial operations roles in diverse technology companies, and previously worked as an equity research analyst and private equity portfolio manager. The company's president and CEO, William Wentworth, expressed confidence in DiBona's ability to drive financial performance and advance the company to the next level.

Data I/O Corporation (NASDAQ: DAIO), a leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs, and memory devices, has announced the appointment of Charles "Charlie" DiBona as Vice President, Chief Financial Officer, Secretary, and Treasurer, effective August 11, 2025. DiBona brings nearly two decades of experience in financial reporting, resource optimization, IT systems, capital markets, and M&A, including significant strategy management experience from Microsoft's Server and Tools Business [1].

DiBona holds an MBA from Harvard Business School and an A.B. in Economics from Harvard University. As part of his compensation package, he will receive an inducement grant of 100,000 Restricted Stock Units vesting annually over 3 years under the company's 2023 Omnibus Incentive Compensation Plan [1].

The appointment comes as Data I/O continues to navigate its financial landscape. In Q2 2025, the company reported a backlog decline of $200,000 to $2.8 million, with gross margin narrowing to 49.8% from 51.6% in Q1 2025. The automotive electronics segment represented 66% of bookings, highlighting the company's reliance on this segment [2].

Interim Chief Financial Officer Todd Henne will remain with the company for a brief period to ensure a smooth transition. William Wentworth, President and CEO of Data I/O Corporation, expressed confidence in DiBona's ability to drive financial strategy and transform organizational performance. "Charlie comes to us with extensive experience in driving financial strategy and transforming organizational performance. We are confident he has the necessary background and capabilities to help Data I/O achieve its financial performance goals and advance the company to the next level on a global scale to better serve our expanding market presence," Wentworth said [1].

DiBona's appointment signals a significant step for Data I/O, which has been investing in technology advancements and management transitions. The company has planned strategic investments totaling $480,000, with additional spending expected during the CFO handover process. The company's focus on improving UFS flash yields and vertical integration into socketing technology underscores its commitment to technological innovation [2].

Data I/O continues to rely on the automotive electronics segment for the majority of its bookings, which presents both opportunities and challenges. The company's strategic focus includes the rollout of a universal programming platform by late 2025 and the consolidation of product lines onto a single platform by 2026–2027 [2].

References:
[1] https://www.stocktitan.net/news/DAIO/data-i-o-announces-appointment-of-charles-di-bona-as-chief-financial-zxpqcoqry9oj.html
[2] https://www.aol.com/data-o-daio-q2-2025-031840663.html