Benzinga | Mar 16, 2021 08:36AM EDT

InterDigital Appoints Liren Chen President And CEO

WILMINGTON, Del., March 16, 2021 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that William J. Merritt will retire effective April 5, 2021, after 25 years at the company and nearly 16 years as President and CEO. Mr. Merritt will also step down from the company's Board of Directors. InterDigital announced the appointment of industry veteran Liren Chen as the company's next President and CEO effective April 5, 2021. Mr. Chen will also be appointed to the InterDigital Board as a director. Mr. Merritt has agreed to provide certain consulting services in order to facilitate an orderly transition.