<p>➀ Jennifer Lloyd, former Analog Devices executive, will replace Balu Balakrishnan as CEO of Power Integrations after his 23-year tenure;</p><p>➁ Lloyd highlighted the company's potential in automotive, data centers, renewable energy, and grid modernization, leveraging its high-voltage semiconductor expertise;</p><p>➂ Balakrishnan will transition to executive chairman for six months and remain on the board, praising Lloyd's product innovation and technical leadership.</p>