Polar Semiconductor Named New Chief Financial Officer

Apr 1, 2024

Mike Ritzenthaler Named Chief Financial Officer at Polar Semiconductor


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Polar Semiconductor, a company jointly-owned by Allegro and Sanken Electric Co., Ltd. and one of Allegro’s primary suppliers of 200-millimeter wafers, appointed Mike Ritzenthaler as Chief Financial Officer.

With a robust background in capital markets, particularly in equity research and capital acquisition for emerging companies in the industrial and chemical sectors, Ritzenthaler joins Polar Semiconductor after his tenure at Ecolab. At Ecolab, he held several finance roles, culminating in his position as Vice President of Finance for Global Business Intelligence.

Ritzenthaler holds a BS, Chemical Engineering from Washington University in St. Louis and MBA, Finance and Strategic Management from University of Minnesota.

Executive Search Partnership: Polar Semiconductor

ON Partners partner Baillie Parker is proud to have partnered with Polar Seminconductor on this Chief Financial Officer search. Learn more about ON Partners by downloading our recent Variance Report, which explores four executive hiring trends of 2023, and our Talent Intelligence Report, where we open up on our data innovation and research, offering a fresh perspective on executive hiring.

Located in Bloomington, Minnesota, Polar Semiconductor LLC has decades of experience in high-performance, automotive-grade semiconductor manufacturing. As the wafer fabrication and R&D division of Sanken Electric Company, we operate more than 310,000 square-foot facility that includes 160,000 square-feet of class-1 cleanroom space. We specialize in 200mm wafer fabrication on proprietary semiconductor technologies with most destined for use in robust automotive, commercial and industrial applications. With investments in new clean room space, state of the art equipments, and advanced silicon technologies, Polar continues to enhance its manufacturing competitiveness. Polar is ISO 14001 and IATF 16949 certified.

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