Enovix Corporation filed a Form 8-K on August 17, 2026, reporting that President and CEO Dr. Raj Talluri resigned on August 13, 2026, that Ryan Benton was appointed Interim Chief Executive Officer effective August 14, 2026, and that T.J. Rodgers was elevated to Executive Chairman of the Board.

Key Highlights

  • CEO departure: Dr. Raj Talluri resigned as President, CEO, and director on August 13, 2026, "in order to pursue another opportunity," according to the filing.
  • Interim CEO named: Ryan Benton, the Company's sitting Chief Financial Officer, was appointed Interim CEO effective August 14, 2026, while a permanent CEO search is conducted.
  • Executive Chairman appointed: T.J. Rodgers was appointed Executive Chairman of the Board on August 14, 2026; he had served as non-executive Chairman since April 2023.
  • No disagreement cited: The filing states that Dr. Talluri's resignation "was not the result of any disagreement with the Company on any matter relating to operations, policies, or practices."
  • Guidance reaffirmed: A press release issued August 17, 2026 reaffirmed the Company's third quarter 2026 financial guidance that had been provided on August 12, 2026.
  • Benton's background: According to the filing, Benton, age 55, has more than 35 years of financial, strategic, and operational experience and joined Enovix as CFO in April 2025.

Enovix Leadership Transition: Talluri Out, Benton Steps In as Interim CEO

According to the Form 8-K filed with the Securities and Exchange Commission on August 17, 2026, Dr. Raj Talluri stepped down from all of his roles at Enovix Corporation (NASDAQ:ENVX) on August 13, 2026. The filing states he resigned as President, Chief Executive Officer, and as a member of the Board of Directors to pursue another opportunity, and that he will assist with an orderly transition of responsibilities.

The Board responded by making two appointments effective August 14, 2026. Thurman J. ("T.J.") Rodgers, who had served as non-executive Chairman since April 2023, was elevated to Executive Chairman of the Board. Separately, Ryan Benton was named Interim Chief Executive Officer while the Board conducts a search for a permanent CEO. The filing notes that Benton continues to serve simultaneously as the Company's Chief Financial Officer, a position he has held since joining Enovix in April 2025.

The filing describes Benton's prior experience as including service as Chief Financial Officer of Silvaco Group, Inc. (Nasdaq: SVCO), which he led through its 2024 initial public offering, and as CFO and board member of Tempo Automation (Nasdaq: TMPO) from July 2020 to August 2023. Earlier in his career, he held CFO and CEO roles at Exar Corporation, served as CFO at Revasum and BrainChip Holdings Ltd., and began as an auditor at Arthur Andersen & Company in 1991. On August 17, 2026, Enovix issued a press release announcing the leadership transition and reaffirming its third quarter 2026 financial guidance that had been provided on August 12, 2026.

What Was Disclosed

Enovix disclosed the resignation of its President and CEO, the appointment of its CFO as Interim CEO, the elevation of its non-executive Chairman to Executive Chairman, and a reaffirmation of previously issued third quarter 2026 financial guidance.