Summary
Entegris, Inc. (ENTG) announced a CFO transition in an 8-K filing dated January 20, 2026. Michael Sauer, currently VP, Controller & Chief Accounting Officer, will assume the role of Interim Chief Financial Officer effective March 1, 2026. This move is in conjunction with the departure of current CFO Linda LaGorga, who will transition to a Senior Advisor role until May 15, 2026, after which she will separate from the company. The company emphasizes that Ms. LaGorga's departure is not due to any disagreements regarding financial statements or reporting.
Key Highlights
- 1Michael Sauer appointed Interim Chief Financial Officer, effective March 1, 2026, in addition to his current role as VP, Controller & Chief Accounting Officer.
- 2Linda LaGorga to transition to Senior Advisor role from February 28, 2026, until May 15, 2026, followed by her separation from the company.
- 3Ms. LaGorga's departure is explicitly stated to be unrelated to any disagreements concerning financial matters or operations.
- 4Mr. Sauer's compensation package includes an increased base salary to $400,000, an increased long-term incentive target of $300,000 for 2026 awards, and a $300,000 special retention award in restricted stock units vesting over two years.
- 5Mr. Sauer has a long tenure with Entegris and its predecessors, dating back to 1988, with extensive experience in finance and accounting roles.
- 6Ms. LaGorga will receive continued base salary, potential 2025 and 2026 short-term incentive payments (if earned), a $280,000 payment upon separation (contingent on cooperation), and severance consistent with her offer letter.
- 7Ms. LaGorga's outstanding equity awards will be treated according to their respective award agreements.
Frequently Asked Questions
Linda LaGorga is transitioning to a Senior Advisor role until May 15, 2026, and will then separate from the company. The filing explicitly states this transition and separation are not due to any disagreements with the Company regarding its financial statements, internal control over financial reporting, operations, policies, or practices.
Michael Sauer, currently Entegris's Vice President, Controller & Chief Accounting Officer, will serve as the Interim Chief Financial Officer, effective March 1, 2026. He will retain his current duties in addition to his new interim role.
Michael Sauer's interim CFO role comes with an increased base salary to $400,000, a $300,000 long-term incentive target for 2026, and a $300,000 retention award. Linda LaGorga will continue to receive her base salary until her separation date, may receive 2025 and 2026 incentive payments if earned, and will receive a $280,000 payment upon separation, along with other severance consistent with her offer letter.
Yes, Michael Sauer has a long history with Entegris and its predecessor companies since 1988, holding various finance and accounting positions, including Corporate Controller and Director of Treasury and Risk Management, and most recently serving as VP, Controller & Chief Accounting Officer since June 2012. His extensive experience positions him well for the interim CFO role.