Summary
Broadcom Inc. (AVGO) announced a significant leadership transition in its finance department via an 8-K filing dated April 2, 2026. Effective June 12, 2026, Chief Financial Officer and Chief Accounting Officer Kirsten M. Spears will retire. In her place, the Board of Directors has appointed Amie Thuener, who will officially assume the CFO role upon Ms. Spears' departure. Ms. Thuener brings extensive experience, having served as VP, Corporate Controller, and Chief Accounting Officer at Alphabet Inc. since 2018 and prior roles at PricewaterhouseCoopers LLP. This transition includes a consulting agreement for Ms. Spears post-retirement until March 2027, during which her equity awards will continue vesting (at target for performance awards), and she will not receive additional cash compensation. Ms. Thuener's compensation package is substantial, including a $700,000 base salary, a 100% target bonus, a $1 million sign-on bonus, and significant equity awards comprising 50,000 RSUs and 50,000 PSUs, subject to vesting over four years based on continued employment and performance metrics.
Key Highlights
- 1Kirsten M. Spears, CFO and CAO, is retiring effective June 12, 2026.
- 2Amie Thuener appointed as the new CFO, commencing her role on June 12, 2026.
- 3Ms. Thuener has a strong background, including a leadership finance role at Alphabet Inc.
- 4Ms. Spears will provide consulting services post-retirement until March 15, 2027.
- 5Ms. Thuener will receive a $700,000 base salary, 100% target annual bonus, and a $1 million sign-on bonus.
- 6Ms. Thuener is set to receive equity awards including 50,000 RSUs and 50,000 PSUs, with multi-year vesting schedules.