August 22, 2024

Data I/O

Redmond-based Data I/O Corp. announced a chief executive officer transition plan, with industry veteran and current Data I/O board member William Wentworth to become president and CEO. Wentworth will replace Anthony Ambrose through a managed transition plan. Wentworth becomes president effective Sept. 1, and CEO effective Oct. 1. Wentworth comes to Data I/O with a wealth of industry experience spanning over 35 years, including private equity and M&A exposure. As the CEO of Source Electronics, he was a Data I/O customer and led the sale of controlling interest of Source Electronics to HIG Capital in 2001 and the company's subsequent sale to Avnet in 2008. More recently, as president and owner of Wentworth Advisors, he has consulted in the programming, IT, and private equity markets, focusing on expanding deal flow, performing due diligence and board service. He has been a member of the Board of Directors of Data I/O since May 2023, serving as chair of the Corporate Governance & Nominating Committee and member of the Audit and Compensation Committees. Ambrose served as CEO of Data I/O for 12 years. He will assist Wentworth during the transition period and will be available to consult for the company for the next 12 months. Wentworth will continue to serve on Data I/O's Board of Directors, although he will be reclassified from an independent member to an executive member. After Oct. 31, Ambrose will no longer be a member of the board following his retirement as CEO of the company.