Power Integrations, a supplier of high-voltage analog integrated circuits, has terminated the employment of its chief financial officer (CFO) Bill Roeschlein. The termination was not prompted by any regulatory issues and is not related to the company’s financial statements or other reporting obligations, according to the company.
Balu Balakrishnan, the company’s president and chief executive officer (CEO), will be acting as CFO on an interim basis while the search for a successor is being conducted.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.