Adeia CEO Paul Davis to step down by Q4 2026; board starts search for successor

Adeia Inc. announced that CEO Paul Davis will step down by the fourth quarter of 2026 to focus on his health and personal pursuits. Davis, who has led the company for four years and been with its predecessors for nearly 15 years, will remain until a successor is found. The board has formed a Transition Committee to lead the search, aiming to continue the company's growth in semiconductor and media markets. Under Davis, Adeia expanded its patent portfolio, diversified revenue streams, and improved financial strength, positioning the company for future success.