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Feng-Ming (Fermi) Wang

Chairman of the Board of Directors, President, and Chief Executive Officer at AMBARELLA
Board
Since January 2004
Age
61 years
Education
Holds a B.S. degree in electrical engineering from National Taiwan University and an M.S. degree and Ph.D. in electrical engineering from Columbia University.
Tenure
Co-founded Ambarella in January 2004 and has served as its Chairman of the Board of Directors, President, and Chief Executive Officer since then.

Also at AMBARELLA

LK[3
Leslie Kohn [March 31
Chief Technology Officer and Director
CWL[3
Chan W. Lee [March 31
Chief Operating Officer
C(J[3
Chi-Hong (John) Ju [March 31
Senior Vice President, Systems

About

Feng-Ming (Fermi) Wang, Ph.D., co-founded Ambarella in January 2004 and has overseen the company as its Chairman of the Board of Directors, President, and Chief Executive Officer since its inception.

Prior to Ambarella, he held key leadership roles including serving as Chief Executive Officer and co-founder at Afara Websystems from November 2000 to July 2002, and held various positions at C-Cube Microsystems from August 1991 to August 2000, including as Vice President and General Manager from 1997 to 2000.

He holds a solid academic background with a B.S. in electrical engineering from National Taiwan University along with an M.S. and Ph.D. in electrical engineering from Columbia University, which laid the foundation for his expertise in the digital video and semiconductor technologies.

$AMBA Performance Under Feng-Ming (Fermi) Wang

Past Roles

OrganizationRoleDate RangeDetails
Afara Websystems, Inc. Chief Executive Officer and Co-founder November 2000 to July 2002 Developed throughput-oriented microprocessor technology; acquired by Sun Microsystems, Inc. in July 2002
C-Cube Microsystems, Inc. Various positions (last served as Vice President and General Manager) August 1991 to August 2000 (VP and GM from 1997 to 2000) Focused on digital video technologies

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary$561,000AnnualRemained flat relative to FY 2023; no automatic increases
Time-Based RSUs$2,286,218 (27,598 RSUs)Quarterly vesting over 3 yearsGranted on March 2, 2023; time-based only, not linked to performance metrics

Performance Compensation

Data from  FY 2024

Non-Equity Incentive Plan Compensation

MetricWeightTargetActualPayout Factor
Revenue33.3%$300 million$226.5 million2.4%
Operating Profit33.3%-$13.5 million-$36.1 million42%
Strategic Objectives33.3%5.0 points6 points125%
Total100%--56% Aggregate Funding

Bonus Details:

  • Bonus Target: 100% of base salary ($561,000).
  • Bonus Awarded: $196,350 (35% of base salary) paid as fully vested stock awards in March 2024.

Performance-Based RSUs

MetricDetailValue
Grant Date-April 3, 2023
Target Shares-27,598 shares
Grant Date Fair Value-$2,764,492
Vesting Date-March 15, 2026
TSR Vesting Conditions25th percentile: 0%; 50th percentile: 100%; 75th percentile: 200% (linear interpolation applies)See conditions
Revenue CAGR ConditionBelow 10%: 0%; at 15%: additional 50% vesting (linear interpolation applies)See details
Vesting CapNegative TSR performance caps vesting at 100% of target sharesYes