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Investing.com -- Ideal Power Inc. (NASDAQ:IPWR) stock fell 8.2% Monday after the company announced a leadership change, with David Somo appointed as President and Chief Executive Officer effective November 3, 2025.
Somo, who will also join the company’s Board of Directors, succeeds Dan Brdar, who retired as President and CEO and from the Board on November 2, 2025. The management transition comes as the company is working to commercialize its B-TRAN® bidirectional semiconductor power switch technology.
The new CEO brings over 30 years of experience in the semiconductor industry, having previously served as Senior Vice President at onsemi and most recently as President and CEO of Preciseley Microtechnology Corporation. His background includes leadership roles in worldwide sales, marketing, business development, and corporate strategy across industrial, automotive, data center, and other markets.
"I am thrilled to join Ideal Power at an inflection point. There is a multi-billion dollar addressable market for our B-TRAN® technology, and it brings several compelling advantages to the marketplace," said Somo, who plans to leverage his commercial experience to accelerate growth in target markets including industrial, data center and automotive applications.
Michael C. Turmelle, Chairman of Ideal Power’s Board of Directors, thanked the outgoing CEO for "his leadership and invaluable contributions in developing B-TRAN®, launching our first products and preparing Ideal Power for commercial success."
Ideal Power develops and provides patented bidirectional semiconductor power switch technology, which the company is currently commercializing for various applications in the ongoing electrification trend.
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