Jacksonville, FL -- (SBWIRE) -- 10/12/2015 -- Recently, there has been a report made by Entropic Communications of Q3 EPS of $ 0.22, which turned out better than the earlier estimate of $ 0.33 made by the analyst. However, the headlines have been made by prominent leader Patrick Henry who is stepping down from the company as Chief Executive Officer.
During his time working the Chief Executive Office at the Entropic's Board of Directors, the leader has made many notable contributions to Entropic over the decades. Entropic's chairman of the Board Mr Umesh Padval has also made a public statement saying "Under Patrick's leadership, the company completed its initial public offering and developed a number of market leading technologies." The stepping down of Patrick Henry CEO has been welcomed as the right leadership transition after the announcement of the change in both strategy and business restructuring for the company, as change is inevitable for an ever evolving company like that of Entropic.
Recent press release has also shown the enigmatic leader welcoming the change, calling Dr Tewksbury as the worthy replacement for the prestigious company. As an interim President as well as the Chief Executive Officer, the new leader is expected to work closely with the Executive team of Entropics as well as the Board of Directors in order to oversee the ongoing operations of the Company. there will also be expected strategic initiatives which will include important work like the review of the ongoing strategic alternatives.
With the positive change welcomed by the leading company, the public is also anticipating the company to reach the non-GAAP profitability in the next quarter. Close sources have also said that the company is already continuing to explore alternative strategies. This will help them to remain focused on operational excellence, product innovation as well as the enhancement of the value of shareholders.
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