Power Integrations has announced a significant leadership change at the helm of the company. Jennifer Lloyd has officially taken over as Chief Executive Officer, succeeding Balu Balakrishnan.
This transition follows Balakrishnan’s long-standing tenure and influential contributions, which have played a pivotal role in shaping the company’s identity as an innovation powerhouse in semiconductor-based power solutions.
Mr. Balakrishnan plans to serve as executive chairman of Power Integrations’ board of directors for approximately six months to ensure a smooth leadership transition; he is expected to remain a non-executive member of the board thereafter.
Bala Iyer will remain in the role of lead independent director.
An Experienced Leader at the Helm
Since 1997, Dr. Lloyd has served in a succession of increasingly senior engineering and business roles at Analog Devices, Inc., a global semiconductor leader. She has led multiple $1B+ businesses spanning various technologies and end markets.
Most recently, she was corporate vice president leading the company’s multi-market power business unit, responsible for product, strategy and P&L with leadership of a large global team. Prior roles included leadership of Analog’s precision franchise and its healthcare and consumer unit.
Her career has been marked by a deep understanding of the technical and business sides of the semiconductor industry, making her well-positioned to guide the company into its next phase of growth.
Leadership Comments
Commented Mr. Balakrishnan: “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.”
Dr. Lloyd added: “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.”
Board’s Confidence in the Transition
The Board of Directors at Power Integrations expressed full confidence in Lloyd’s ability to steer the company forward.
Her technical background, combined with a visionary outlook on market trends and customer engagement, aligns well with the company’s long-term goals.
The transition is seen not just as a change in leadership but as a strategic reinforcement of Power Integrations’ commitment to continuity, innovation, and excellence.
As global demand for high-efficiency power systems grows in tandem with the electrification of industries and increased energy concerns, the leadership of Jennifer Lloyd is expected to bring fresh perspectives while preserving the core values and technical rigor the company is known for.
With a legacy of innovation behind her and a dynamic roadmap ahead, Lloyd’s appointment marks a new era for Power Integrations—one that blends experience, forward-thinking strategy, and a commitment to shaping the future of power electronics.
