Entegris Inc. (ENTG) shares slipped Tuesday following news that CFO Linda LaGorga will be leaving the company by mutual agreement, effective February 28, 2026. The semiconductor materials supplier moved quickly to name a replacement, promoting Mike Sauer to interim CFO.
Sauer, who currently serves as VP, Controller, and Chief Accounting Officer, will take the reins on March 1, 2026, while juggling his existing responsibilities. To smooth the handoff, LaGorga will stick around as a Senior Advisor through May 15, 2026.
CEO Dave Reeder went out of his way to praise the outgoing CFO, thanking LaGorga for her contributions in strengthening the company's long-term foundation and wishing her success in whatever comes next. LaGorga returned the compliment, saying it had been a privilege to serve as CFO and expressing pride in the team's work. She added that she has "the utmost confidence" the company will capitalize on future growth opportunities.
As for Sauer, Reeder called Entegris "fortunate" to have him step into the interim role, highlighting his financial chops, deep knowledge of the company, and understanding of the semiconductor industry. Translation: the finance function is in good hands while they search for a permanent CFO.
One detail worth noting: Entegris explicitly stated that LaGorga's departure wasn't related to any disagreements with management or the board over operations, financial results, accounting practices, or disclosures. That kind of language is standard in these announcements, but it's always reassuring to see.
