Adeia CEO Paul E. Davis to Step Down; Search for Successor Initiated

Adeia Inc. announced that Paul E. Davis will step down as Chief Executive Officer and as a member of the Board of Directors to focus on his health and personal pursuits. Davis, who has been with the company for nearly 15 years and served as CEO for the past four, will remain in his roles until a successor is named, with a target completion date for the search by the fourth quarter of 2026. The Board has formed a special transition committee, chaired by Dan Moloney, to lead the search for internal and external candidates. During his leadership, Adeia grew its patent portfolio by over 35%, increased non-Pay-TV recurring revenue by over 60%, reduced debt by nearly 50%, and achieved record revenue and earnings in 2025.