Enovix Finance Chief Farhan Ahmad Departs

Dow Jones2024-12-16

By Denny Jacob

Enovix said Chief Financial Officer Farhan Ahmad has left the company and that a search is underway for his successor.

The high-performance battery company said its search will prioritize finding a CFO with an "outstanding record at investor relations and a transparent communication style."

Ahmad began as Enovix's finance chief on July 10, 2023, according to a securities filing. An employment letter between the two sides ahead of his start said Ahmad would receive a base salary of $380,000 and equity compensation worth up to $4 million depending on time accumulated on the job.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

December 16, 2024 08:49 ET (13:49 GMT)

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