Marvell, the silicon photonics vendor labelled the “next trillion dollar company” by Jensen Huang, has appointed a new CFO.

Willem Meintjes, who has been at the company since 2016, has resigned, and will be replaced by Dan Durn, who joins from Adobe. Meintjes will reman in an advisory capacity through April 2027 to support the transition.

Meintjes revealed he was departing to spend more time with his family. The departing CFO said in a statement: “After 10 incredible years, I am moving on to spend more time with my family. Working closely alongside Matt Murphy [Marvell’s CEO] and the entire Marvell finance organization has been one of the great privileges of my career, and I’m very proud of what this organization has built together.”

Murphy, the firm’s CEO and chairman, said the departing CFO was a “integral part of Marvell,” with his contributions “instrumental to our strong financial and operational positions.”

“The financial discipline and operational credibility we have today is in no small part a reflection of the work he put in year after year,” the CEO added. “I deeply appreciate [Meintjes] for his partnership, and we all wish him well in his next chapter.”

His replacement had served as CFO and EVP of finance, technology, security, and operations at the creative giant from October 2021 before departing for the optics maker. Prior to Adobe, he served as SVP and CFO of Applied Materials, titles he also held at NXP Semiconductors.

Commenting on the new hire, Murphy said: [Durn] intimately knows Marvell and its long-term growth strategy. He has also spent the majority of his career in the semiconductor industry … and brings a level of industry-specific fluency that is rare. He understands how these businesses work, how they scale, and what it takes to lead finance through periods of significant growth.

“That depth of experience, combined with his understanding of the capital markets and operational demands of businesses at our scale, makes him well-suited to help us continue to win in what we believe is a once-in-a-generation AI infrastructure build-out.”

Durn takes the financial reins at a company on a meteoric rise, with its optics and silicon photonic lines seen as vital to supporting exploding bandwidth levels of next-generation AI workloads. The company’s stock price has exploded, rising more than 230% in the past six months alone.

The Nvidia CEO’s lauding of the firm at Computex earlier this month coincided with the launch of Teralynx T100, Marvell’s new switch line capable of providing 102.4 terabits per second (Tb/s) of connectivity for AI and cloud data center infrastructure.

Built on a 3-nanometer process, the switch reportedly runs at under 1,000 watts of typical power, leaving energy-conscious cluster managers frothing at the mouth over the switch, given it can support AI training and inference workloads in racks that are steadily approaching 120 kilowatts.

“I have long admired Marvell’s technology leadership and the critical role it plays at the center of the AI and data infrastructure ecosystem,” Durn said in a statement. “I am excited to join the Marvell management team at such a dynamic moment for the company and the industry.”