Eames brings a deep institutional history to the role, having joined the firm in 2003. Since 2016, he has directed NVE’s research and development initiatives, overseeing significant capital investments and production scaling. His promotion marks a transition from Baker, who joined in 2001 and successfully pivoted the company from contract research toward commercialized technology products.

The leadership shift includes a broader restructuring of the board, contingent on shareholder approval. Baker is expected to transition into the role of chairman, while Eames will secure a seat on the board alongside current chairman Terrence Glarner. Furthermore, the company nominated Carolyn Valentine, president of Grason-Stadler, as a new director. If the proposal passes, the board will expand from five members to seven.