Power Integrations Appoints Jennifer A. Lloyd as CEO to Lead Next Phase of Growth
Power Integrations, Inc. (Nasdaq: POWI), a global leader in high-voltage integrated circuits used for energy-efficient power conversion, has announced a major leadership transition set to take effect on July 21. Jennifer A. Lloyd, PhD, has been appointed as the company’s new Chief Executive Officer, succeeding long-time CEO Balu Balakrishnan, who has held the position since 2002. Dr. Lloyd, a seasoned semiconductor executive with decades of industry experience, is also rejoining the company’s board of directors as part of her new role.
This appointment signifies a critical evolution in Power Integrations’ leadership strategy as the company continues to scale its technological footprint and extend its influence across emerging markets such as automotive electrification, data centers, renewable energy systems, and next-generation grid infrastructure.
From Board Member to Chief Executive
Dr. Jennifer Lloyd brings to the CEO position over 25 years of leadership and technical expertise within the semiconductor industry. She has had a distinguished career at Analog Devices, Inc. (ADI), a multinational leader in semiconductor solutions for signal processing and power management. Since joining ADI in 1997, she has held a variety of senior roles with increasing levels of responsibility. Her experience spans product development, strategic leadership, and financial oversight of multi-billion-dollar business segments.
Most recently, Dr. Lloyd served as Corporate Vice President at ADI, leading its multi-market power business unit. In that capacity, she oversaw the entire product lifecycle, strategy development, and global operations for one of the company’s most critical business units. Her leadership helped drive innovation in power conversion solutions across diverse verticals, including industrial systems, automotive platforms, and consumer electronics.
Dr. Lloyd’s prior roles included managing Analog Devices’ precision analog business and its healthcare and consumer products unit. Her career has been marked by a consistent track record of developing and launching groundbreaking technologies, cultivating high-performing teams, and delivering robust financial results.
Academic Excellence and Technical Leadership
Jennifer Lloyd holds an impressive academic background, having earned her PhD, Master’s, and Bachelor’s degrees in electrical engineering and computer science from the Massachusetts Institute of Technology (MIT), one of the world’s premier institutions in engineering and technology. She is also an accomplished inventor and scholar, credited with eight U.S. patents and numerous technical publications. Beyond her corporate responsibilities, Dr. Lloyd has been actively involved in the academic and professional engineering communities. She has served on technical program committees for several prestigious industry conferences, including the International Solid-State Circuits Conference (ISSCC), the Custom Integrated Circuits Conference (CICC), and the VLSI Symposia.
Her blend of academic distinction, technical innovation, and commercial acumen makes her an ideal fit for a company like Power Integrations, which has built its reputation on leading-edge power conversion technologies and deep engineering expertise.
A New Chapter for Power Integrations
Outgoing CEO Balu Balakrishnan will transition to the role of Executive Chairman of the board for a six-month period, providing ongoing strategic counsel and ensuring a seamless leadership handover. After this interim phase, he is expected to continue serving as a non-executive member of the board. Bala Iyer will maintain his position as Lead Independent Director, offering additional governance stability during the transition.
In announcing the appointment, Mr. Balakrishnan expressed strong confidence in his successor:
“We are thrilled that Jen Lloyd will be our next CEO. Throughout her distinguished career at Analog Devices, she has proven her ability to drive innovation, deliver new products to the market and achieve profitable growth. Her deep knowledge of power products and technologies and her familiarity with our company will allow her to hit the ground running. I am confident that she is the right leader to take Power Integrations to the next level.”
The company’s selection of Dr. Lloyd reflects not just a desire for continuity in innovation and excellence, but also a strategic intent to further elevate Power Integrations’ global competitiveness in the fast-evolving field of high-voltage semiconductors.
Dr. Lloyd’s Vision for the Future
In a statement following her appointment, Dr. Lloyd expressed both enthusiasm and a clear strategic vision for the company’s future:
“I am delighted to join Power Integrations as CEO. Power Integrations has a unique franchise in high-voltage semiconductors, with strong intellectual property spanning process, design and packaging, as well as strong system-level expertise and a brand that is respected across the power-electronics industry. The company has tremendous growth opportunities in markets like automotive, datacenter, renewable energy, grid modernization and many more. I am excited to lead the team into what I know will be a bright future.”
Her statement signals not only a strong commitment to innovation and operational excellence, but also a clear focus on accelerating growth in strategically important sectors. The reference to Power Integrations’ robust intellectual property portfolio underscores the company’s commitment to long-term value creation through proprietary technologies that differentiate its offerings from competitors.
Strategic Implications of the Appointment
Dr. Lloyd’s appointment comes at a time when the global demand for energy-efficient power management solutions is surging. The transition to electric vehicles, the rapid scaling of hyperscale data centers, and the global push for clean energy all require sophisticated power conversion systems that minimize energy loss while maximizing reliability and performance. Power Integrations is uniquely positioned to capitalize on these trends, thanks to its specialization in high-voltage ICs, deep engineering know-how, and long-standing customer relationships.
Dr. Lloyd’s prior experience leading multi-billion-dollar divisions at ADI gives her a strong foundation to help scale Power Integrations’ operations in alignment with these growth vectors. Furthermore, her deep understanding of both technical and commercial dimensions of the semiconductor industry makes her exceptionally well-equipped to navigate the challenges and opportunities ahead.
Legacy of Balu Balakrishnan
Under Mr. Balakrishnan’s 22-year tenure as CEO, Power Integrations experienced transformative growth, evolving from a niche player into a recognized leader in the high-voltage semiconductor space. His leadership was instrumental in expanding the company’s product portfolio, deepening its customer base, and driving strong financial performance through economic cycles. His continued presence on the board as Executive Chairman will offer strategic continuity as Dr. Lloyd steps into the CEO role.
A Promising Path Forward
Jennifer Lloyd’s appointment marks a significant milestone for Power Integrations, ushering in a new era of leadership focused on innovation, operational execution, and strategic growth. Her combination of technical expertise, business acumen, and industry insight aligns well with the company’s ambition to stay ahead in the competitive semiconductor landscape. With a solid foundation in intellectual property and engineering excellence, and with Dr. Lloyd at the helm, Power Integrations is poised to capture the next wave of opportunities in a world increasingly dependent on efficient power solutions.
As the July 21 transition date approaches, stakeholders across the industry will be watching closely to see how Dr. Lloyd’s leadership shapes the trajectory of one of the most respected companies in the power semiconductor field. All signs point to a future of renewed momentum and breakthrough innovation.
