A fresh face takes the finance lead as AI chips heat up

A big shift is happening in chipmaking circles. Marvell, a company that builds the invisible brains inside data centers, just named Adobe’s finance chief Dan Durn as its new money manager starting mid-June. The outgoing finance boss, Meintjes, isn’t leaving right away; he’ll stick around in a guiding role until spring 2027 to smooth the handover. Durn isn’t wasting time—he’s already stepping down from Marvell’s board a few days before he officially starts.The move arrives just as companies everywhere are stuffing data centers with smarter processors to keep up with AI software. Marvell makes custom chips that act like high-speed highways for all that data, and demand is spiking. The CEO pointed out that Durn’s deep chip-industry background should help the firm ride this wave without crashing. Numbers tell the story. Last month Marvell upped its 2028 revenue guess to about $16. 5 billion and now thinks its custom-chip division could hit over $10 billion by 2029. That’s a rare bright spot when investors usually expect steady growth, not sudden jumps. Yet when markets closed, Marvell’s stock slipped a couple of points in after-hours trading, a small sign that big forecasts can also bring extra scrutiny.