Marvell names Adobe's Dan Durn as finance chief amid growing AI demand

Marvell Technology on Thursday named Adobe's Dan Durn as chief financial officer, succeeding Willem Meintjes, who is stepping down after more than three years in the role.

Durn will take charge ‌at Marvell ⁠starting ⁠June 15, while Meintjes will remain with the ​semiconductor company in an advisory role through April 2027 ​to support the transition.

The appointment comes as Marvell looks to benefit from a surge ​in spending on AI-related ⁠data center ‌infrastructure, which has boosted demand ​for ​advanced networking and custom chip ⁠technologies.


Durn has previously held senior finance roles ​at Applied Materials, NXP Semiconductors, Freescale ​Semiconductor and GlobalFoundries.

Marvell CEO Matt Murphy said Durn's experience across the semiconductor industry would help the company capitalize on growing demand for AI infrastructure. Durn has ‌resigned from Marvell's board effective June 10.

Last month, Marvell forecast its ​custom chip ​business would ⁠surpass $10 billion in revenue in fiscal 2029 after raising its 2028 revenue outlook to about $16.5 billion.

Shares of ​the company, which reaffirmed its financial outlook for the second quarter of fiscal 2027, were down about 2% in extended trading.