Monolithic Power Systems, Inc. announced that Bernie Blegen will retire from his position as Chief Financial Officer effective following the issuance of MPS?s 2025 annual report on Form 10-K. Mr. Blegen will remain with MPS after his retirement to ensure a smooth transition with his eventual successor. Bernie started with MPS in 2011 as Corporate Controller when MPS was relatively small and only beginning to strategically diversify. In his ten years as CFO, MPS has grown consistently at an above-market growth rate, while earning the trust of institutional shareholders.
Effective upon Mr. Blegen?s retirement, MPS?s current Corporate Controller Rob Dean will serve as interim CFO. Mr. Dean has been MPS?s Corporate Controller for nine years.
Monolithic Power Systems, Inc. specializes in the design, manufacture and marketing of high-performance semiconductor-based power electronics solutions. The group's products include power modules, power management solutions (power converters, regulators, voltage supervisory systems, integrated circuits, Power over Ethernet, gate drivers, controllers, USB power systems, power distribution systems, etc.), AC/DC converters, analog components, sensors, inductors and battery management solutions. Net sales break down by market as follows:
- IT and data storage (51.5%): components and devices used in storage networks, computers, printers, servers and workstations;
- automotive (21.2%): solutions for infotainment applications and advanced driver assistance and connectivity systems;
- telecommunications (11.1%): components and devices used in network and telecommunications infrastructures, routers, modems and wireless applications;
- consumer electronics (9.1%): components for set-top boxes, monitors, game consoles, lighting systems, chargers, household appliances, mobile phones, wearables, GPS, TVs, stereos and cameras;
- industrial applications (7.1%): solutions for power generators, security systems, point-of-sale systems, smart meters and other industrial equipment.
Net sales are distributed geographically as follows: the United States (3.5%), China (55.3%), Taiwan (19.7%), South Korea (9.1%), Southeast Asia (5.3%), Europe (4.1%) and Japan (3%).
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