Exhibit 99.1
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Qorvo Announces Chief Financial Officer Transition
Vice President of Treasury named interim CFO
Greensboro, N.C. – April 5, 2022 – Qorvo, Inc. (NASDAQ: QRVO) today announced that Chief Financial Officer Mark Murphy is leaving the Company effective April 18, 2022. Mr. Murphy was appointed Qorvo’s CFO in June 2016 and is departing to join Micron Technology, Inc. as its CFO.
Qorvo has initiated a comprehensive search for a new CFO. Qorvo’s Vice President of Treasury, Grant Brown, has been named interim CFO through the transition period.
“On behalf of the Board of Directors and Qorvo’s management team, we thank Mark for his many contributions to Qorvo,” said Bob Bruggeworth, CEO of Qorvo. “Qorvo has built a high-performing finance team under Mark that has been critical to executing our strategic priorities.
“Grant has been with Qorvo for many years and has been a key part of our disciplined growth, leading various functions in our finance team,” Bruggeworth continued. “He has extensive knowledge of our business and is uniquely positioned to support Qorvo during this period as we deliver on our financial and strategic initiatives.”
The company’s guidance for its fiscal 2022 fourth quarter, provided February 2, remains unchanged.
About Qorvo
Qorvo (Nasdaq:QRVO) makes a better world possible by providing innovative Radio Frequency (RF) solutions at the center of connectivity. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers’ most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including advanced wireless devices, wired and wireless networks and defense radar and communications. We also leverage unique competitive strengths to advance 5G networks, cloud computing, the Internet of Things, and other emerging applications that expand the global framework interconnecting people, places and things. Visit www.qorvo.com to learn how Qorvo connects the world.
Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. All other trademarks are the property of their respective owners.
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions, and are not historical facts and typically are identified by use of terms such as “may,” “will,” “should,” “could,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue” and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management’s current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We do not intend to update any of these