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Charlie B. Kawwas

President, Semiconductor Solutions Group at Broadcom
Since July 11, 2022
Age
54 years
Tenure
Has been at AVGO since 2014 following the acquisition of LSI Corporation and has held several leadership roles including Senior Vice President, Worldwide Sales; Senior Vice President and Chief Sales Officer; Chief Operating Officer; and President, Semiconductor Solutions Group.

Also at Broadcom

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Kirsten M. Spears
Chief Financial Officer and Chief Accounting Officer
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Mark D. Brazeal
Chief Legal and Corporate Affairs Officer

About

Charlie B. Kawwas, Ph.D., is a seasoned executive at AVGO with a notable track record in the semiconductor and networking industries. His career at the company began in 2014 when AVGO acquired LSI Corporation, marking the start of a progressive leadership journey.

Throughout his tenure, he has held multiple key positions, including roles in worldwide sales and operations, which have been instrumental in steering the company’s growth. His leadership has been a driving force in expanding the hardware businesses from approximately $4 billion to over $30 billion.

In his current role as President of the Semiconductor Solutions Group, which began on July 11, 2022, he continues to shape the strategic direction and operational excellence of the organization. His extensive experience across various executive positions underscores his commitment to operational innovation and strategic investments, making him an essential contributor to the company’s continued success.

Past Roles

OrganizationRoleDate RangeDetails
Broadcom (AVGO) Chief Operating Officer Dec 2020 - Jul 2022 N/A
Broadcom (AVGO) Senior Vice President and Chief Sales Officer Jun 2015 - Dec 2020 N/A
Broadcom (AVGO) Senior Vice President, Worldwide Sales May 2014 - Jun 2015 N/A
LSI Corporation Head of Worldwide Sales 2010 - 2014 N/A
LSI Corporation Vice President of Sales and Marketing (Networking Division) 2007 - 2010 N/A
LSI Corporation Vice President of Marketing (Networking & Storage) 2007 - 2010 N/A
Nortel Networks Corporation Leader of Product Line Management for Optical Ethernet and Multi-service Edge portfolio N/A N/A

Fixed Compensation

Data from  FY 2024
Component NameAmount ($)Payment ScheduleAdditional Details
Base Salary736,847Annual (53-week fiscal year)Increase due to fiscal 2024 having 53 weeks
401(k) Plan Employer Matching Contributions20,700Per plan guidelinesEmployer matching contributions

Performance Compensation

Data from  FY 2024

Annual Cash Incentive Bonus Plan (APB Plan)

Metric (Unit)ThresholdTargetMaximum
Revenue (Millions $)$45,259 $50,288 $55,316
Adj. Non-GAAP Operating Income (% of revenue)56.6% 58.6% 62.6%

  • Bonus Calculation:

    • Target Bonus: 100% of eligible earnings
    • Threshold Bonus: 12.5% of target bonus
    • Maximum Bonus: 225% of target bonus
    • Actual Payout: $1,105,507 representing 153% of the target bonus
    • Individual Multiplier: Ranges from 50% to 150% based on performance

  • Evaluation & Payment: Cash payout is determined at the end of the fiscal year based on achieved corporate financial performance and individual multiplier. There is no vesting schedule as the incentives are cash-based.

Grants of Plan-Based Awards

ComponentThresholdTargetMaximumUnits/Condition
Non-Equity Incentive Award$90,125 $721,000 $1,622,250 Dollar amount
Equity Incentive Award12,500 shares 100,000 shares 200,000 shares Based on PSU performance

  • Vesting & Conditions:

    • Equity Awards: Granted under the Broadcom Inc. 2012 Stock Incentive Plan with performance-based stock units (PSUs).
    • Vesting Conditions: Earnings depend on meeting stock price hurdles (average closing price over 20 trading days) and continued employment until October 31, 2027.
    • Evaluation Period: For PSUs, the performance period begins after the third anniversary of the grant date and concludes on the fifth anniversary.

  • Grant Date & Valuation:

    • Grant Date: March 15, 2024.
    • Grant Date Fair Value: $48,162,000 for the equity awards.
    • Grant Date Stock Price: Not explicitly provided for March 15, 2024, though the closing price on November 1, 2024 was $168.92.

This breakdown summarizes the detailed performance compensation components with their respective performance metrics, payout targets, thresholds, caps, and other relevant conditions for fiscal 2024.