Management ChangeJun 22, 2026, 04:17 PM
NVE Corp CEO Daniel Baker to retire; Peter Eames appointed CEO
AI Summary
NVE Corporation announced that Daniel A. Baker, Ph.D., will retire as President and Chief Executive Officer effective August 6, 2026. Peter G. Eames, Ph.D., currently Vice President of Advanced Technology, has been appointed as the new President and CEO, effective the same date. Dr. Baker is nominated to remain on the Board as Chairman, and Dr. Eames is also nominated to join the Board. Additionally, Carolyn W. Valentine was nominated to join the Board, expanding it from five to seven directors, pending shareholder approval. Dr. Eames' compensation includes an annual base salary of $260,000 and a performance-based plan.
Key Highlights
- Daniel A. Baker, Ph.D., will retire as President and CEO effective August 6, 2026.
- Peter G. Eames, Ph.D., appointed President and CEO effective August 6, 2026.
- Dr. Baker will remain on the Board as Chairman, pending shareholder approval.
- Peter G. Eames, age 50, previously served as Vice President of Advanced Technology since 2016.
- Carolyn W. Valentine, age 58, nominated to the Board of Directors.
- New CEO Peter Eames' annual base salary set at $260,000.
- Dr. Eames' performance-based compensation includes 0.3% of FY27 income from operations.
- Board will expand from five to seven directors, pending shareholder approval.
Price Impact
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