Hock E. Tan
Also at Broadcom Inc
About
Hock E. Tan, born in 1951, is a seasoned executive known for his extensive career across multiple industries, with 73 years of age as of December 2024. His early career was marked by several key leadership roles, including Managing Director positions in Malaysia and Singapore, as well as senior roles in finance at renowned companies.
His transition into the semiconductor and technology sectors saw him hold pivotal positions at Integrated Circuit Systems, Inc. (ICS) where he served as Senior Vice President, Chief Financial Officer, Chief Operating Officer, and later as President and CEO until its acquisition. This period set the stage for a distinguished career in the industry, positioning him as an influential leader.
In March 2006, he joined AVGO, where his role as President, Chief Executive Officer, and Director has been central to steering the company's strategic growth and market prominence. Under his leadership, the company has become a major player in the semiconductor and technology industries, buoyed by smart acquisitions and operational excellence.
Beyond his responsibilities at AVGO, his influence extends to significant national advisory committees and board directorships at other tech giants, underscoring his impact on the broader industry landscape.
$AVGO Performance Under Hock E. Tan
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Integrated Circuit Systems, Inc. | President & CEO | 1999 – 2005 | Acquisition by Integrated Device Technology, Inc. |
| Integrated Circuit Systems, Inc. | Chief Operating Officer | 1996 – 1999 | |
| Integrated Circuit Systems, Inc. | Senior Vice President & Chief Financial Officer | 1995 – 1999 | |
| Commodore International, Ltd. | Vice President of Finance | 1992 – 1994 | |
| PepsiCo, Inc. / General Motors Corporation | Senior Management Positions | N/A | Specific roles and dates not provided |
| Pacven Investment, Ltd. | Managing Director | 1988 – 1992 | Venture capital fund in Singapore |
| Hume Industries Ltd. | Managing Director | 1983 – 1988 | in Malaysia |
External Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Meta Platforms, Inc. | Director | N/A | |
| President’s National Security and Telecommunications Advisory Committee | Member | 2020 – Present |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $1,200,000 | Annual | Fixed annual salary |
| Expense Reimbursements | $5,301 | As incurred | Reimbursements for travel to Mr. Tan’s residence in Pennsylvania |
| 401(k) Matching Contribution | $19,800 | Annual | Employer matching contribution to retirement plan |
| Car Service | $61,060 | As incurred | Car service expenses |
Performance Compensation
2023 Tan PSU Award Details
| Metric | Value |
|---|---|
| Grant Date | October 31, 2022 |
| Grant Date Fair Value | $160,540,000 |
| Grant Date Stock Price | $470.12 |
| Performance Stock Price Hurdles | |
| Threshold | $825 (75.5% increase) |
| Target | $950 (102.1% increase) |
| Maximum | $1,125 (139.3% increase) |
| Maximum Shares Awarded | 1,000,000 shares |
| Vesting Schedule | Five-year vesting period ending October 31, 2027 |
| Evaluation Period | Five-year earning period; performance measured by the average closing price over 20 consecutive trading days |
| Conditions | Shares earned in one-third increments per hurdle with no interpolation; forfeiture of award if the threshold is not met; continued vesting of any shares earned before the fifth anniversary contingent on continued employment; pro-rata vesting upon retirement or certain terminations |
This detailed performance compensation structure ties Mr. Tan’s payouts directly to significant stock price improvements, ensuring alignment with long-term shareholder value creation.