05:21 PM EST, 02/03/2025 (MT Newswires) -- Synaptics ( SYNA ) said late Monday that Chief Executive and President Michael Hurlston has stepped down, effective immediately, to assume the CEO role at Lumentum ( LITE ) .

Synaptics ( SYNA ) appointed Chief Financial Officer Ken Rizvi as interim CEO as it looks for a permanent CEO.

The company also expects fiscal Q2 revenue of $267 million and non-GAAP earnings per share above the mid-point of its previously outlined guidance. In November, Synaptics ( SYNA ) projected revenue at $265 million, plus or minus $15 million, while non-GAAP EPS was pegged at $0.85, plus or minus $0.20.

Analysts polled by FactSet expect adjusted EPS of $0.86 on revenue of $265.1 million.

The company's shares were down 7.2% in after-hours activity.