Can Robert Schriesheim’s Financial Expertise Steer Skyworks Solutions Forward as Interim CFO?

WOBURN, Mass., May 30, 2025 - Skyworks Solutions, Inc., a leader in high-performance analog semiconductors, has appointed Robert Schriesheim as interim chief financial officer following the unexpected withdrawal of Mark Dentinger due to a medical condition. Schriesheim, a board member since 2006 and chairman of Truax Partners LLC, brings a robust background in corporate finance, having served as CFO for four public companies.

His appointment aims to ensure stability and strategic direction for Skyworks, which reported $4.5 billion in revenue for fiscal 2024, as the company navigates a competitive semiconductor market.

Decades of Board Expertise at Skyworks

Robert Schriesheim has been a pivotal figure on Skyworks Solutions’ Board of Directors since May 2006, contributing nearly two decades of strategic and financial oversight. His tenure has been marked by efforts to enhance shareholder value through his deep understanding of the technology and semiconductor sectors. Beyond Skyworks, Schriesheim serves as lead independent director at Houlihan Lokey and as a director at Alight Solutions.

His board experience extends to companies like Indivior PLC, Forest City Realty Trust, and Frontier Communications, where he spearheaded a restructuring that generated $5 billion in market value, earning the 2021 M&A Advisor’s Turnaround Award for Telecommunications Services Deal of the Year. This extensive governance experience positions Schriesheim to provide steady leadership during this transitional period.

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Leadership at Truax Partners LLC

As chairman of Truax Partners LLC, Schriesheim has built a reputation for guiding complex corporate transformations across industries such as technology, software, communications, and real estate. Founded by Schriesheim, Truax Partners collaborates with private equity firms, public equity investors, and special situation funds to drive operational and financial turnarounds.

The firm’s recent projects include advising a tech startup on a $500 million restructuring, as noted in recent industry reports, showcasing Schriesheim’s ability to deliver results in high-stakes environments. His strategic focus at Truax Partners aligns with Skyworks’ need for innovative financial strategies to maintain its competitive edge in the semiconductor industry, which is projected to grow to $1 trillion by 2030.

Did You Know?
Skyworks Solutions powers connectivity in over 1 billion devices annually, including smartphones, IoT devices, and automotive systems, making it a key player in the global semiconductor market.

Proven Financial Leadership Across Industries

Schriesheim’s interim CFO role is bolstered by his extensive experience as a financial executive at four public companies with revenues ranging from $1 billion to $40 billion. At Sears Holdings Corporation (2011-2016), he oversaw a $9 billion asset portfolio reengineering through corporate spin-offs. As CFO of Hewitt Associates until its $5 billion acquisition by Aon in 2010, he streamlined financial operations for a global HR consulting firm.

Schriesheim also served as CFO at Lawson Software (2006-2009), an ERP software provider acquired for $2 billion, and at Global TeleSystems, demonstrating his versatility across software, retail, and communications sectors. His cross-industry expertise is expected to guide Skyworks through its current transition, particularly as the company invests in 5G and IoT technologies, with a 15% increase in R&D spending reported in 2024.