Allegro MicroSystems, Inc. has appointed Michael C. Doogue as President and CEO, effective February 23, 2025. Doogue, formerly the company’s Executive Vice President and CTO, replaces Vineet Nargolwala, who is stepping down. Doogue’s employment agreement includes a $700,000 annual salary, a 125% target bonus, and a potential $6 million equity grant. If terminated without cause or upon a change in control, he will receive severance benefits, including salary, bonus, healthcare, and equity acceleration. Nargolwala will receive severance benefits per his previous agreement.