Marvell Appoints Board Member Daniel Durn as New CFO, Reaffirms Q2 Outlook

Marvell Technology announced a transition in its executive leadership, appointing board member Daniel Durn as its new Chief Financial Officer and Executive Vice President, effective June 15, 2026. He succeeds Willem Meintjes, who is resigning but will remain as an advisor until April 2027. In conjunction with the announcement, Marvell reaffirmed its financial outlook for the second quarter of fiscal year 2027.

Key Details

• CFO Transition: Willem Meintjes will step down as CFO on June 15, 2026, after serving in the role since January 2023. Daniel Durn, who resigned from Marvell's board on June 10, 2026, will assume the CFO position.
• New CFO Profile: Mr. Durn was previously the CFO at Adobe Inc. (2021-2026) and has also held CFO positions at Applied Materials, NXP Semiconductors, and GlobalFoundries.
• Compensation Package: Mr. Durn's compensation includes an annual base salary of $850,000, a target bonus of 120% of salary, a one-time $1,000,000 cash sign-on bonus, and multiple grants of restricted and performance-based stock units.
• Guidance Reaffirmed: The company reaffirmed its financial outlook for the second quarter of fiscal 2027, which was originally provided on May 27, 2026.