Adeia Appoints Dipti Vachani as CEO, Succeeding Paul Davis Effective October 12

Adeia Inc. (ADEA) announced Monday the appointment of Dipti Vachani as chief executive officer, effective October 12, 2026. She succeeds Paul Davis, who informed the board in May 2026 of his intent to step down to focus on health and personal pursuits. Davis will serve in an advisory capacity through the end of the year to support the transition. Vachani previously served as senior vice president and general manager of the Automotive Business Unit at Arm from 2018 to 2026. ADEA shares traded at $24.92 in after-hours Nasdaq trading, unchanged, after closing Monday's session down 2.20%.