Acacia Research Corporation announced that Chief Executive Officer Clifford Press will retire from his CEO and Board position, having overseen Acacia's transformation, first as a board member, then as CEO, for the last four years. MJ McNulty has been appointed as interim-Chief Executive Officer. Mr. McNulty has served as Chief Operating Officer and Head of M&A at Acacia since March 2022.

The Board will conduct a search for a permanent successor.