India, June 12 -- Semiconductor maker Marvell Technology, Inc. (MRVL) confirmed its outlook for second quarter of fiscal 2027 and also announced that it has appointed Dan Durn as the new Chief Finance Officer, succeeding Willem Meintjes, effective June 15.
In the overnight activity on the Nasdaq, the shares were trading 2.89 percent lower at $272.44, after closing Thursday's regular trading at 11.13 percent higher.
Durn joins Marvell from Adobe Inc. (ADBE), where he served as Chief Financial Officer and Executive Vice President of Finance, Technology, Security and Operations from October 2021 to June 2026.
Related to the appointment, Durn resigned from the Board of Directors on June 10 after working as a member for 2 years.
Further, Mei...