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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.
Find detailed analytics on SMTC stock on TipRanks’ Stock Analysis page.