Marvell Technology, Inc.
Leadership History
3 leaders · 1995 to present
Matthew J. Murphy is the CEO of Marvell, in the role since 2016. The first chief executive was Sehat Sutardja, from 1995.
| Name | Role | From | To | Years in role |
|---|---|---|---|---|
| Dan Durn | Executive Vice President and Chief Financial Officer | 2026 | Present | < 1 |
| Matthew J. Murphy | Chairman and Chief Executive Officer | 2016 | Present | 10 |
| Sehat Sutardja | Co-founder and Chief Executive Officer | 1995 | 2016 | 21 |
Marvell Technology, Inc. is a Santa Clara-based fabless chip designer focused on data infrastructure. Its products sit between processors rather than replacing them: optical DSPs that link GPUs and switches, Ethernet switch chips, storage and security processors, and custom accelerators built with cloud customers. Matt Murphy has been CEO since 2016 and also serves as chairman. The company had about 7,400 employees at January 31, 2026 and a market value of roughly $226 billion in late September 2026. The company is headquartered in Wilmington, Delaware. The massive American semiconductor titan was founded in 1995, surviving brutal SEC accounting scandals to completely dominate the highly lucrative global data center and 5G networking chip market.
Marvell runs a fabless model: it designs chips and licenses-in or builds IP (SerDes, PAM4 and coherent DSPs, Arm compute subsystems, packaging), while foundries such as TSMC manufacture them. It makes money in two ways. First, it sells standard products, including electro-optics DSPs and drivers for optical modules, Teralynx Ethernet switches, PCIe/CXL retimers, storage controllers and OCTEON processors. Second, its custom business co-designs AI accelerators and other ASICs for hyperscalers, earning engineering fees during development and product revenue once chips ship in volume. Marvell reports revenue as Data Center (74% of fiscal 2026) and Communications and Other (26%), which covers enterprise networking, carrier infrastructure and consumer products. In fiscal 2026, 57% of revenue came from direct customers and 43% through distributors.
Executive Vice President and Chief Financial Officer
2026 – Present
0 years (current)
Durn managed the highly complex capital structuring for the massive acquisitions of Inphi ($10B) and Innovium ($1.1B), rapidly pivoting Marvell away from legacy storage controllers.
As CFO, he aggressively optimized the company's debt profile and oversaw the financial strategy that heavily repositioned Marvell as a pure-play cloud and AI infrastructure provider.
Chairman and Chief Executive Officer
2016 – Present
10 years (current)
Portfolio pivot to data infrastructure; Inphi and Celestial AI acquisitions; 2026 Nvidia NVLink Fusion partnership.
Became CEO in 2016 after 22 years at Maxim Integrated. Exited mobile and consumer chips, bought Cavium, Inphi and Innovium, sold automotive Ethernet and refocused Marvell on data infrastructure and AI.
Co-founder and Chief Executive Officer
1995 – 2016
21 years
Sutardja built Marvell's initial dominance in the hard disk drive (HDD) controller market, supplying nearly every major storage manufacturer globally during the PC boom.
As co-founder and long-time CEO, he scaled the company from a small startup into a multi-billion dollar semiconductor powerhouse before being ousted by the board in 2016 following an internal accounting probe.
Marvell's main risks are concentration and execution. A small number of hyperscalers drive most Data Center demand, so a lost or delayed custom-chip program can move large revenue blocks between years. Broadcom is the larger rival in custom AI silicon and switching, Nvidia sells complete networking stacks, and several cloud companies keep more chip design in-house. Marvell also depends on TSMC for leading-edge wafers and advanced packaging, faces U.S.-China export-control risk, and still carries cyclical enterprise and carrier businesses.
Marvell has been led by two primary chief executives: co-founder Dr. Sehat Sutardja (1995 to 2016) and current Chairman and CEO Matthew J. Murphy (July 2016, present).
Dr. Sehat Sutardja co-founded Marvell and led it for 21 years as CEO, inventing pioneering mixed-signal disk drive chips, taking the company public in 2000, and building it into a multi-billion-dollar enterprise before stepping down in 2016.
Matt Murphy brought over 22 years of top semiconductor leadership from Maxim Integrated, where he rose through the ranks to serve as Executive Vice President of Worldwide Sales and Marketing and leader of major automotive and industrial business units.
Upon taking leadership, Murphy divested commoditized consumer PC/mobile chip divisions, rebuilt financial accounting controls, restructured the board of directors, and executed a string of multibillion-dollar M&A deals (Cavium, Aquantia, Inphi, Innovium) to make Marvell a pure-play data infrastructure leader.
Dan Durn became Executive Vice President and CFO on June 15, 2026, succeeding Willem Meintjes. Durn was previously CFO of Adobe.
Matt Murphy serves as CEO, taking over in 2016. His appointment saved the company. Before his arrival, Marvell was embroiled in massive SEC accounting scandals, leading to the highly controversial ouster of the original founders. Murphy executed one of the absolute most brilliant corporate turnarounds in Silicon Valley history, completely changing the management culture and executing massive M&A to position Marvell for the AI boom.
Compare executive leadership tenures and strategic transitions
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