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Marvell (MRVL) Stock Rising, Announces New CFO

Updated from 12:55 PM EDT.

NEW YORK (TheStreet) -- Shares of Marvell Technology (MRVL) were gaining in late-afternoon trading on Friday as the company said Jean Hu would be its new CFO effective August 22.

Previously, Hu was the CFO and a senior VP at QLogic (QLGC). She has also been the active CEO of QLogic since August 2015, according to a company statement late yesterday.

Hu will succeed David Eichler, who has been Marvell's interim CFO since October 2015.

In April, the company's CEO and president both...