{"id":974465,"date":"2026-06-22T16:48:01","date_gmt":"2026-06-22T20:48:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nve-corporation-announces-ceo-transition-and-board-expansion\/"},"modified":"2026-06-22T16:48:01","modified_gmt":"2026-06-22T20:48:01","slug":"nve-corporation-announces-ceo-transition-and-board-expansion","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nve-corporation-announces-ceo-transition-and-board-expansion\/","title":{"rendered":"NVE Corporation Announces CEO Transition and Board Expansion"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>NVE Corporation Announces CEO Transition and Board Expansion<\/b><\/p>\n<p>EDEN PRAIRIE, Minn.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nNVE Corporation (Nasdaq: NVEC) announced today that Daniel A. Baker, Ph.D. will retire as president and CEO effective as of the company\u2019s Annual Shareholders\u2019 Meeting on August 6, 2026. The Board of Directors has appointed Peter G. Eames, Ph.D., currently vice president of advanced technology, as president and CEO effective at that time.<\/p>\n<p>\nSubject to shareholder approval, Dr. Baker will remain on the Company\u2019s Board of Directors as Chairman, current Chairman Terrence W. Glarner will remain on the Board, and Dr. Eames will join the Board. In addition to the incumbent directors and Dr. Eames, the Board nominated a new director, Carolyn W. Valentine. Pending shareholder approval, the Board will expand from five to seven directors.<\/p>\n<p>\n\u201cLeading NVE has been the privilege of a lifetime,\u201d said Dr. Baker. \u201cI am proud of what our team has accomplished and confident the company is well-positioned for continued success under Pete\u2019s leadership,\u201d Baker added, \u201cThe Board conducted a thoughtful succession planning process and unanimously selected Pete as the company\u2019s next CEO. Pete brings extraordinary experience, dedication, and judgment, and I know shareholders will be well served by his leadership in the years ahead.\u201d<\/p>\n<p>\nBaker continued, \u201cI look forward to continuing my commitment to NVE\u2019s success as chairman. The Board joins me in thanking Terry Glarner for his more than 25 years of leadership and service as our chairman.\u201d<\/p>\n<p>\nBaker joined NVE in 2001. During his tenure, the company grew from primarily contract research operations to a leading provider of advanced spintronics-based products.<\/p>\n<p>\nEames has served as Vice President of Advanced Technology since 2016. He has been an NVE employee in various capacities since joining the Company in 2003 after completing his Ph.D. in Experimental Condensed Matter Physics from the University of Minnesota. In his current position, he has led the company\u2019s research and development and managed production expansions and major capital investments.<\/p>\n<p>\n\u201cI am honored to be selected to lead NVE,\u201d said Eames. \u201cWe have a talented team, strong customer relationships, and exciting opportunities ahead. I look forward to building on the company\u2019s momentum and continuing to create value for our shareholders, customers, employees, and partners.\u201d<\/p>\n<p>\nFirst-time director nominee Carolyn W. Valentine has served as president of Grason-Stadler, a Demant company, since October 2023. Demant is a publicly traded hearing healthcare and audio technology group, and Grason-Stadler is a world leader in audiology equipment.<\/p>\n<p>\nNVE is a leader in the practical commercialization of spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store, and transmit information. The company manufactures high-performance spintronic products including sensors and couplers that are used to acquire and transmit data.<\/p>\n<p><b>Statements used in this press release that relate to future plans, events, financial results, or performance are forward-looking statements that are subject to certain risks and uncertainties including, among others, such factors as our reliance on several large customers for a significant percentage of revenue, uncertainties related to the economic environments in the industries we serve<\/b>, <b>uncertainties related to future sales and revenues, as well as the risk factors listed from time to time in our filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended March 31, 2026.<\/b><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260622138652r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260622138652\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260622138652\/en\/<\/a><\/span><\/p>\n<p><a rel=\"nofollow\" href=\"mailto:investor@nve.com\">investor@nve.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Minnesota<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Nanotechnology Hardware Semiconductor<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260622138652\/en\/2835448\/3\/press-release-logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>NVE Corporation Announces CEO Transition and Board Expansion EDEN PRAIRIE, Minn.&#8211;(BUSINESS WIRE)&#8211; NVE Corporation (Nasdaq: NVEC) announced today that Daniel A. Baker, Ph.D. will retire as president and CEO effective as of the company\u2019s Annual Shareholders\u2019 Meeting on August 6, 2026. The Board of Directors has appointed Peter G. Eames, Ph.D., currently vice president of advanced technology, as president and CEO effective at that time. Subject to shareholder approval, Dr. Baker will remain on the Company\u2019s Board of Directors as Chairman, current Chairman Terrence W. Glarner will remain on the Board, and Dr. Eames will join the Board. In addition to the incumbent directors and Dr. Eames, the Board nominated a new director, Carolyn W. Valentine. Pending shareholder approval, the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nve-corporation-announces-ceo-transition-and-board-expansion\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;NVE Corporation Announces CEO Transition and Board Expansion&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-974465","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NVE Corporation Announces CEO Transition and Board Expansion - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nve-corporation-announces-ceo-transition-and-board-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NVE Corporation Announces CEO Transition and Board Expansion - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NVE Corporation Announces CEO Transition and Board Expansion EDEN PRAIRIE, Minn.&#8211;(BUSINESS WIRE)&#8211; NVE Corporation (Nasdaq: NVEC) announced today that Daniel A. Baker, Ph.D. will retire as president and CEO effective as of the company\u2019s Annual Shareholders\u2019 Meeting on August 6, 2026. The Board of Directors has appointed Peter G. Eames, Ph.D., currently vice president of advanced technology, as president and CEO effective at that time. Subject to shareholder approval, Dr. Baker will remain on the Company\u2019s Board of Directors as Chairman, current Chairman Terrence W. Glarner will remain on the Board, and Dr. Eames will join the Board. In addition to the incumbent directors and Dr. Eames, the Board nominated a new director, Carolyn W. Valentine. 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