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NVE has named Pete Eames as the new chief executive officer of NVEC, effective immediately following the company’s Annual Shareholders’ Meeting.
Former CEO Daniel A Baker has been elected chairman of the board. The company expressed enthusiasm for Eames' leadership as it continues to advance its work in spintronics. The appointment is seen as the next step in building on NVE's history in the field.
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NVEC has risen 89 percent year to date following its addition to the Benzinga Stock Whisper index and a CEO transition in June. The company has recently drawn increased investor attention, with NVE sharing a new article on $NVEC highlighting ongoing market interest. The leadership changes come amid continued focus on the company's spintronics work.