William (Bill) Brennan
Also at Credo Technology Group Holding Ltd
About
Bill Brennan is a seasoned executive known for his dynamic leadership and extensive industry experience. He has been instrumental in guiding CRDO since stepping into the role of President, Chief Executive Officer, and Director in September 2014, bringing with him a wealth of experience from his previous leadership positions.
Before joining CRDO, he demonstrated his expertise by holding key roles including Executive Vice President at a biosensor technology company and Vice President at a major semiconductor firm. His early career as an Account Manager further solidified his foundation in business strategy and customer relations.
With a strong technical background and a passion for innovation, he has successfully merged his technical education with executive leadership, driving growth and fostering a culture of excellence within the company. At 60 years old, his balanced focus on strategic vision and operational efficiency continues to shape the future of the organization.
$CRDO Performance Under William (Bill) Brennan
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Credo's predecessor entity | Chief Executive Officer & Board Member | December 2013 to September 2014 | Served prior to becoming President, CEO, and Director at CRDO |
| Vital Connect, Inc. | Executive Vice President | August 2011 to November 2013 | Business strategy and partner development |
| Marvell Technology, Inc. | Vice President, Storage Business Unit | May 2000 to August 2011 | Involved in semiconductor development and production |
| Texas Instruments Incorporated | Account Manager | June 1986 to January 1993 | Managed accounts in semiconductor and IC design/manufacturing |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $500,000 | Annual (Effective January 1, 2024) | Increased to align with the 50th percentile of company peers |
Performance Compensation
Non-Equity Incentive Plan Compensation
| Metric | Value | Evaluation Period | Conditions / Additional Details |
|---|---|---|---|
| Annual Bonus Target | 100% of Base Salary (i.e., $500,000) | Fiscal 2024 | Target set based on key performance metrics |
| Actual Bonus Payout | $250,000 | Second half of Fiscal 2024 | First-half metrics were not achieved; bonus contingent on second-half year-over-year revenue growth and non-GAAP net income > 45% |
| Performance Metrics | Year-over-year revenue growth and Non-GAAP net income % | Both first and second half of Fiscal 2024 | Minimum threshold of 45% required in the second half for achieving payout |
| Vesting Schedule | N/A | N/A | Cash bonus payout; not subject to vesting as it is performance-based |