Dan will assume the role on June 15, succeeding Willem Meintjes, who is stepping down after more than 3 years as CFO. Meintjes will remain with the company in an advisory capacity through April 2027 to support a smooth leadership transition.
The appointment comes as Marvell seeks to capitalize on rising investments in AI-focused data center infrastructure, which are driving demand for advanced networking solutions and custom semiconductor technologies.
Durn brings extensive industry experience to the role, having previously held senior finance positions at Applied Materials, NXP Semiconductors, Freescale Semiconductor, and GlobalFoundries. He most recently served as CFO at Adobe and has also resigned from Marvell’s board, effective June 10.
Marvell President and CEO Matt Murphy said Durn’s deep experience across the semiconductor sector will help the company strengthen its growth strategy and take advantage of increasing demand for AI infrastructure.
The company has been expanding its custom chip business as major technology firms invest heavily in AI capabilities. Last month, Marvell projected that its custom chip business would generate more than $10 billion in revenue by fiscal 2029. It also raised its fiscal 2028 revenue outlook to approximately $16.5 billion.
Alongside the leadership announcement, Marvell reaffirmed its financial outlook for the second quarter of fiscal 2027.
Despite the positive long-term outlook, the company’s shares fell around 2% in extended trading following the announcement.
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