Monolithic Power Systems Announces Appointments of Chief Financial Officer and Chief Accounting Officer

Monolithic Power Systems (MPWR) appointed Tony Balow chief financial officer and Robert Dean chief accounting officer, both effective immediately.

Rhea-AI Summary

Monolithic Power Systems (MPWR) appointed Tony Balow chief financial officer and Robert Dean chief accounting officer, both effective immediately.

Both executives also hold the title of vice president. Balow served as vice president of finance from September 2023 to October 2026, following 23 years at Intel in several senior positions. Dean served as interim chief financial officer from February 2026 to October 2026 and previously as corporate controller from June 2016 to February 2026.

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Market Reaction – MPWR

$1120.00 – $1275.00 Day Range

$60.42B Mkt Cap at Last Price

On Oct 29, the day this news came out, the latest delayed price for MPWR is 2.56% above the previous close. Our momentum scanner has recorded 2 alerts for this stock so far that day. The latest delayed price is $1229.45.

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Key Terms

fabless, power electronics

2 terms

fabless technical

"a fabless global company that provides high-performance"

A fabless company designs and sells semiconductor chips but does not own the factories that make them; instead it hires specialized manufacturers to produce the physical chips. Like a clothing designer who sketches garments and contracts a factory to sew them, this model keeps upfront equipment costs low but exposes the business to manufacturing availability, lead times and partner pricing—factors investors watch because they affect cash needs, margins and supply-chain risk.

power electronics technical

"semiconductor-based power electronics solutions"

Power electronics are devices that control and convert electrical energy to make it more useful or efficient. Think of them as the switches and converters in appliances or electric cars that manage how electricity flows, helping save energy and improve performance. They matter because they make modern technology work smoothly and help reduce energy waste.

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SCHAFFHAUSEN, Switzerland, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (“MPS” or the “Company”) (Nasdaq: MPWR), a fabless global company that provides high-performance, semiconductor-based power electronics solutions, today announced the appointments of Tony Balow as Vice President, Chief Financial Officer (“CFO”) and Robert Dean as Vice President, Chief Accounting Officer (“CAO”), effective immediately.

“I am very pleased to appoint Tony as our new CFO and Rob as our new CAO,” said Michael Hsing, CEO and founder of MPS. “In the past few years, Tony and Rob have become an integral part of the management team. Their deep knowledge of MPS’s business operations and their financial acumen make them highly qualified to take on the CFO and CAO roles and lead our finance team.”

Mr. Balow served as the Company’s Vice President of Finance from September 2023 to October 2026. Prior to joining the Company, Mr. Balow spent 23 years at Intel, a global semiconductor company, and held a number of senior positions. Mr. Balow holds a Bachelor of Science and a Master of Science in Aerospace, Aeronautical and Astronautical Engineering from the University of Illinois Urbana-Champaign, and a Master of Business Administration from the University of Arizona.

Mr. Dean served as the Company’s Interim Chief Financial Officer from February 2026 to October 2026, and Corporate Controller from June 2016 to February 2026. Prior to joining the Company, Mr. Dean held various senior finance and accounting roles for other publicly traded companies, including Netflix, Varian and Applied Materials. Mr. Dean holds a Bachelor of Science in Accounting from San Jose State University and a Master of Business Administration from Santa Clara University.

About Monolithic Power Systems

Monolithic Power Systems, Inc. is a fabless global company that provides high-performance, semiconductor-based power electronics solutions. MPS’s mission is to reduce energy and material consumption to improve all aspects of quality of life and create a sustainable future. Founded in 1997 by our CEO Michael Hsing, MPS has three core strengths: deep system-level knowledge, strong semiconductor design expertise, and innovative proprietary technologies in the areas of semiconductor processes, system integration, and packaging. These combined advantages enable MPS to deliver reliable, compact, and monolithic solutions that are highly energy-efficient, cost-effective, and environmentally responsible, while providing a consistent return on investment to our stockholders. MPS can be contacted through its website at www.monolithicpower.com or its support offices around the world. 

Monolithic Power Systems, MPS, and the MPS logo are registered trademarks of Monolithic Power Systems, Inc. in the U.S. and trademarked in certain other countries. 

Contact:
Tony Balow
Vice President, Chief Financial Officer
Monolithic Power Systems, Inc.
MPSInvestor.Relations@monolithicpower.com