Navitas Appoints Chris Allexandre as New President and CEO

Navitas Semiconductor Corp has appointed Chris Allexandre as president & CEO, effective September 1. He will also join the board of directors. Allexandre succeeds co-founder Gene Sheridan, who steps down on August 31. Allexandre has over 25 years of experience in the semiconductor industry, most recently serving as senior VP & general manager of Renesas Electronics Corp's Power Division. He will focus on driving growth in AI data-center and energy infrastructure markets.

Navitas Semiconductor Corp (NVTS), a leading pure-play next-generation power semiconductor company, has appointed Chris Allexandre as its new President and Chief Executive Officer, effective September 1, 2025. Allexandre will also join the company's Board of Directors, succeeding co-founder Gene Sheridan, who will step down on August 31 after an 11-year tenure [1].

Allexandre brings over 25 years of semiconductor industry experience, most recently serving as Senior Vice President and General Manager of Renesas Electronics Corporation’s Power Division, where he oversaw a $2.5 billion power management business [1]. His expertise spans analog, power, mixed-signal, and digital products across various markets, including cloud, industrial, mobile, consumer, telecom, and automotive.

The appointment of Allexandre aims to accelerate Navitas' growth in AI data center and energy infrastructure markets through its gallium nitride (GaN) and silicon carbide (SiC) technologies [2]. Navitas specializes in GaN power ICs and SiC technology for applications such as AI data centers and energy infrastructure.

The leadership transition comes at a critical moment as the company seeks to capitalize on growing power demands in AI data centers and energy infrastructure applications [2]. Allexandre's experience pivoting Renesas' power strategies toward cloud infrastructure, automotive, and industrial markets aligns perfectly with Navitas' ambitions.

Navitas Semiconductor reported its second-quarter 2025 earnings, revealing a larger-than-expected loss with an EPS of -$0.25, compared to a forecasted -$0.05. However, revenues slightly surpassed expectations, coming in at $14.49 million against a $14.36 million forecast [1]. Rosenblatt lowered its price target for Navitas Semiconductor to $8.00 from $10.00, though they maintained a Buy rating. Meanwhile, Craig-Hallum downgraded Navitas from Buy to Hold, citing poor third-quarter sales guidance influenced by tariff issues and reduced focus on certain markets. In contrast, Needham raised its price target for the company to $8.00 from $3.00, maintaining a Buy rating despite the below-consensus guidance [1].

References:
[1] https://www.investing.com/news/company-news/navitas-appoints-chris-allexandre-as-new-ceo-effective-sept-1-93CH-4209612
[2] https://www.stocktitan.net/news/NVTS/navitas-semiconductor-names-chris-allexandre-as-president-and-chief-zc4owuxlb65c.html