Analog Devices names executive chief as new chairman to succeed Ray Stata
Analog Devices (NASDAQ:ADI) appoints President and CEO Vincent Roche as its new chairman to succeed Ray Stata, who has served as chair of the Analog Devices' board since 1973.
The transition is to be effective as of the date of ADIâs 2022 annual meeting of shareholders, which will also see Stata standing for reelection as a director of the company.

"Since its inception in 1965, ADI has remained at the forefront of breakthrough innovation and technological advancements, and I am confident that the Company will continue on this trajectory with Vince as our Chair," says Stata.
Stock is up 2% in pre-market trading.
Analog Devices, which is UBS's top pick for 2022, is being reiterated buy at the investment firm as recent data points suggests that the semiconductor cycle "has legs."