Battery maker Enovix names former Micron executive its new CFO

Enovix Corp.
ENVX,
+4.25%
said late Thursday it has named Farhan Ahmad its chief financial officer, replacing Steffen Pietzke, who is stepping down on July 9. Pietzke will stay on as a consultant for up to six months to ensure a smooth transition, the battery maker said. Ahmad joins Enovix from Micron Technology Inc.
MU,
-4.09%,
where he most recently was VP of investor relations and finance strategy, Enovix said. Shares of Enovix rose 0.5% in the extended session Thursday after ending the regular trading day up 4.3%. Micron shares edged lower after a 4.1% decline in the session.