Semtech (SMTC) just unveiled an announcement.
Semtech Corporation has announced a leadership transition with the termination of Paul H. Pickle as President and CEO, and the appointment of Dr. Hong Q. Hou to the role, effective June 6, 2024. Dr. Hou, a seasoned executive with a rich background in the semiconductor industry, including positions at Intel and Brooks Automation, brings expertise to Semtech as they navigate their next chapter. His compensation package includes a $650,000 annual salary, with bonus opportunities, stock awards, and a sign-on bonus, among other benefits. The change in leadership is not related to the company’s financial or operational performance and is not expected to affect past financial reports.
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