Who is Marvell's new CFO?

Dan Durn, former CFO of Salesforce, is the new CFO.

Why is the outgoing CFO selling his shares?

Reasons have not been officially disclosed, but the sale may be part of personal financial planning ahead of departure.

How did Marvell's stock react to the news?

The stock edged slightly lower in premarket trading.

Marvell CFO Files to Sell $65M in Shares as Successor Takes Over

Marvell Technology's outgoing CFO Willem Meintjes has filed to sell 211,329 shares worth approximately $65 million, while newly appointed CFO Dan Durn received restricted stock units.

June 16, 2026

2 min read

Source: Stocktwits

Key Numbers

shares sold

211,329

value

$65M

Regulatory filings show that Marvell Technology (MRVL) CFO Willem Meintjes has filed to sell 211,329 shares of the company, valued at roughly $65 million. The sale comes ahead of his planned departure, with Dan Durn set to take over the role.

Background

Willem Meintjes has served as Marvell's CFO since 2016, overseeing financial strategies that contributed to the company's growth. Dan Durn previously served as CFO of Salesforce, bringing extensive experience in the technology sector.

Reasons for Change

Marvell has not officially disclosed the reasons for Meintjes' departure, but the move appears to be a planned leadership transition. Durn received restricted stock units as part of his compensation package.

Impact on the Company

The change is expected to maintain financial management stability, given Durn's background at major tech firms. However, Meintjes' large share sale may raise questions about timing.

Market Reaction

Marvell shares edged lower in premarket trading, indicating investors are awaiting further details on the new financial strategy.

Frequently Asked Questions

Willem Meintjes sold 211,329 shares worth $65 million.

Found this useful? Share it

This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.