M
ME NEWS
17 Mar 2025, 07:29
1. Executive Promotion
Reza Kasnavi, currently a named executive officer, has been appointed to the newly created position of Executive Vice President, Chief Operations and Technology Officer.
This promotion is effective March 15, 2025.
2. Salary and Incentive Compensation Adjustment
Base salary increase:
His annual base salary will increase from $650,000 to $700,000, effective on the promotion date.
Incentive compensation increase (under the Fiscal Year 2025 Executive Incentive Plan - FY2025 EIP):
Previous target bonus: 80% of his prior base salary.
New target bonus: 90% of his new base salary.
Maximum potential bonus: Up to twice the target award if company performance exceeds target metrics.
Proration: Any incentive award for FY2025 will be prorated based on the promotion date.
This filing highlights Skyworks Solutions' commitment to executive leadership and performance-based incentives, rewarding Reza Kasnavi's expanded role in operations and technology leadership.
Reza Kasnavi, currently a named executive officer, has been appointed to the newly created position of Executive Vice President, Chief Operations and Technology Officer.
This promotion is effective March 15, 2025.
2. Salary and Incentive Compensation Adjustment
Base salary increase:
His annual base salary will increase from $650,000 to $700,000, effective on the promotion date.
Incentive compensation increase (under the Fiscal Year 2025 Executive Incentive Plan - FY2025 EIP):
Previous target bonus: 80% of his prior base salary.
New target bonus: 90% of his new base salary.
Maximum potential bonus: Up to twice the target award if company performance exceeds target metrics.
Proration: Any incentive award for FY2025 will be prorated based on the promotion date.
This filing highlights Skyworks Solutions' commitment to executive leadership and performance-based incentives, rewarding Reza Kasnavi's expanded role in operations and technology leadership.