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Power Integrations has appointed Chris Jacobs as senior vice president for marketing and product strategy, effective immediately. With over 25 years of experience at Analog Devices, Jacobs will focus on aligning the product roadmap with industrial, data center, and automotive markets.

The company also announced the upcoming appointments of Julie Currie as chief people and transformation officer and Nancy Erba as chief financial officer, effective January 5, 2026. These changes come as Power Integrations faces challenging demand conditions, with Benchmark lowering its price target to $50.00 while maintaining a Buy rating.

Despite challenges, full-year revenue is projected to increase by 6% year-over-year. Separately, Carvana Co will join the S&P 500 index on December 22, 2025, replacing LKQ Corporation, Solstice Advanced Materials, and Mohawk Industries Inc.