FormFactor Appoints Aric McKinnis as New CFO, Shai Shahar Resigns

FormFactor has appointed Aric McKinnis as its new senior VP and CFO, succeeding Shai Shahar who resigned from these positions. McKinnis currently serves as the company's VP and corporate controller. Shahar will remain a FormFactor employee as senior VP, executive advisor through December 31.

Title: FormFactor Appoints Aric McKinnis as New CFO

FormFactor, Inc. (NASDAQ: FORM) has appointed Aric McKinnis as its new Senior Vice President and Chief Financial Officer (CFO), succeeding Shai Shahar who resigned from these positions effective August 8, 2025. Mr. McKinnis will assume the role immediately, while Mr. Shahar will continue as Senior Vice President, Executive Advisor until December 31, 2025 [1].

Aric McKinnis, who joined FormFactor in August 2019 as Vice President and Corporate Controller, brings extensive experience in financial leadership. Prior to his tenure at FormFactor, he served as Corporate Controller at MKS Instruments and held various external audit roles at Deloitte, including Audit Manager. McKinnis holds Honors College degrees from Oregon State University, where he graduated summa cum laude from its College of Business [1].

Mike Slessor, President & Chief Executive Officer of FormFactor, expressed his confidence in McKinnis’ abilities: “Over the past six years, Aric has demonstrated consistent exemplary leadership and succeeded in positions of increasing responsibility, which have thoroughly prepared him for this new role. As a key member of our executive team, Aric will play an important part in driving improvements in our execution and financial performance, and I and our Board are confident he will serve FormFactor well as we continue our growth as one of the world’s leading suppliers of essential semiconductor test and measurement technologies” [1].

FormFactor reaffirmed its third quarter of 2025 financial outlook, issued on July 30, 2025. The company serves customers through its network of facilities in Asia, Europe, and North America, providing essential test and measurement technologies along the full semiconductor product life cycle [1].

The appointment of McKinnis comes amidst a period of growth and strategic expansion for FormFactor. The company recently outlined a $200M Q3 revenue target while advancing its High Bandwidth Memory (HBM) and facility expansion projects [2].

This transition underscores FormFactor’s commitment to maintaining a strong financial leadership team as it navigates the dynamic semiconductor market. Investors are encouraged to monitor future developments and financial performance updates from the company.

References:
[1] https://www.globenewswire.com/news-release/2025/08/12/3132099/0/en/FormFactor-Inc-Announces-CFO-Transition.html
[2] https://seekingalpha.com/news/4484163-formfactor-appoints-aric-mckinnis-as-new-cfo