Ganesh Moorthy has been leading Microchip Technology Inc. as CEO since March 2021, building on a strong foundation of experience in the semiconductor industry. He joined Microchip in 2001 and quickly moved through the ranks, serving as Chief Operating Officer...

Number of Employees

22.3K

Year

2023

Total Compensation

$715.16K

Salary

$680.72K

Board Justification

Microchip's compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and stockholder interests.

Bonus

$21.33K

Board Justification

Bonus earned under the Employee Cash Bonus Plan (ECBP) based on company performance metrics for fiscal 2024.

Other

$13.11K

Board Justification

Includes company-matching contributions under the 401(k) retirement savings plan and life insurance premiums paid by Microchip for the benefit of the CEO.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants vested in 2023 as the focus is on cash compensation and performance-based bonuses.

Performance Metrics

Performance metrics for bonuses are based on non-GAAP financial results, including operating income as a percentage of net sales.

SEC Filing

From July 8, 2024

Ganesh Moorthy

CEO of Microchip Technology

M

Education

M.B.A. in Marketing, B.S. in Electrical Engineering, B.S. in Physics

Field of Expertise

Technology & Engineering - Engineering

Born

January 1, 1960 - 65 years ago

Is Founder?

No

Current Tenure

3 years 10 months (Mar 2021 - Present)

Previous Experience

Various executive roles in semiconductor companies