Summary
Analog Devices, Inc. (ADI) has announced the appointment of Richard C. Puccio, Jr. as its new Executive Vice President and Chief Financial Officer, effective February 5, 2024. This appointment marks a significant leadership transition for the company's financial operations. Mr. Puccio brings a wealth of experience, having most recently served as the CFO of Amazon Web Services (AWS) and previously as a Partner at PricewaterhouseCoopers for over two decades. Investors can look forward to the financial expertise Mr. Puccio is expected to bring to ADI, given his extensive background in financial strategy and global finance leadership at major technology and consulting firms. His compensation package reflects this senior role, including a substantial base salary, bonus potential, and significant equity awards designed to align his interests with those of the company and its shareholders.
Key Highlights
- 1Appointment of Richard C. Puccio, Jr. as Executive Vice President and Chief Financial Officer, effective February 5, 2024.
- 2Mr. Puccio's extensive experience includes serving as CFO of Amazon Web Services (AWS) and 21 years as a Partner at PricewaterhouseCoopers.
- 3Annual base salary for Mr. Puccio set at $670,000.
- 4Eligible for an annual cash incentive bonus with a target of 125% of base salary.
- 5One-time hiring bonus of $500,000.
- 6Restricted stock unit award with a grant date value of $10 million, vesting over three years.
- 7Annual equity award for fiscal year 2024 with a grant date value of $5.5 million.