Ken Rizvi will become Qnity Electronics' chief financial officer on Oct. 1, ending Michael Goss's interim tenure and giving the company a permanent finance head.
Rizvi joins after a brief stint as CFO at Synaptics, and the move is seen as removing leadership uncertainty rather than signaling a strategic shift.
Qnity shares fell nearly 3% Friday and about 9% for the week, though peer Entegris also traded lower as AI infrastructure-linked stocks came under pressure.
The company, spun off from DuPont last fall, is viewed as tied to sentiment around the AI buildout, with Nvidia's earnings next week likely to shape the sector's outlook.