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    Nimrod Ben-Natan

    President and Chief Executive Officer at Harmonic Inc
    Since June 11, 2024
    Age
    56 years
    Education
    Holds a B.A. in Computer Science from Tel Aviv University.
    Tenure
    Joined HLIT in 1996 as a software engineer, advanced to Vice President of Product Marketing, Solutions, and Strategy in 2007, became Senior Vice President and General Manager of Cable Products in June 2012, and was appointed President and Chief Executive Officer on June 11, 2024.

    Also at Harmonic Inc

    NH
    Neven Haltmayer
    Senior Vice President, Video R&D
    WJ
    Walter Jankovic
    Chief Financial Officer

    About

    Nimrod Ben-Natan began his career in the communications field by working on wireless systems for the Israeli Defense Signal Corps from 1988 to 1993 and later as an Embedded Software Engineer at Orckit Communications Ltd. from 1993 to 1996. His early technical expertise laid a strong foundation for a career marked by innovation and leadership in the technology sector.

    After joining HLIT in 1996, he quickly made his mark by designing the company’s first-generation video transmission platform. Over the years, his dedication and strategic thinking earned him several promotions, including a role as Vice President in 2007 and later as Senior Vice President and General Manager in June 2012. His journey at the company reflects a steady climb through critical operational and strategic roles, contributing significantly to HLIT’s evolution.

    As his career progressed, he played a pivotal role in advancing broadband technologies and driving innovation within the company. His leadership has been central to the development of groundbreaking solutions, such as the Emmy award-winning virtualized broadband technology, and has positioned HLIT as a key player in the global market.

    Recognized for his visionary leadership and deep understanding of the technology landscape, his appointment as President and Chief Executive Officer on June 11, 2024, marks a new chapter for HLIT. His blend of technical expertise, strategic acumen, and long-standing experience in the industry continues to shape the company’s future.

    $HLIT Performance Under Nimrod Ben-Natan

    Past Roles

    Organization Role Date Range Details
    Harmonic Inc. (HLIT)Senior Vice President and General Manager, Broadband BusinessN/AHeld immediately prior to becoming CEO
    Harmonic Inc. (HLIT)Senior Vice President and General Manager, Cable ProductsJune 2012 - PromotionAppointed in June 2012 and later promoted to CEO
    Harmonic Inc. (HLIT)Vice President of Product Marketing, Solutions and Strategy2007 - PromotionAppointed in 2007; role later transitioned as he advanced within the company
    Harmonic Inc. (HLIT)Software Engineer1996 - N/AJoined HLIT in 1996 to design and develop its first-generation video transmission platform
    Orckit Communications Ltd.Embedded Software Engineer1993 - 1997Worked in Digital Subscriber Line development
    Israeli Defense Signal CorpsWorked on wireless communications systems1988 - 1993Involved in wireless communications systems operations

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$371,045 N/APaid in Israeli Shekels (converted to USD)
    Other Fixed Compensation$42,482 N/AIncludes payments for education, pension, disability, and social security funds; includes car allowance

    Performance Compensation

    Data from  FY 2023

    Performance-Based RSUs

    Metric (Unit [scale])Value
    Awarded Shares (shares)6,964
    Performance ConditionExecution of commercial agreement with key Broadband customer; > $200M commitment
    Vesting Schedule100% vesting upon certification and continued service
    Grant DateFebruary 17, 2023
    Grant Date Fair Value (USD)$94,501
    Additional DetailsN/A

    Broadband Bonus Plan

    Metric (Unit [scale])Mid-YearFull-Year
    Operating Profit Target (USD)$37.5M $86.6M
    Operating Profit Actual (USD)$37.6M $63.8M
    Operating Profit Achievement (%)100.2% 73.7%
    Operating Profit Payout (%)100.0% 50.0%
    Operating Profit Weight (%)65.0% 65.0%
    FTTH Revenue Target (USD)$18.1M $37.6M
    FTTH Revenue Actual (USD)$6.8M $27.7M
    FTTH Revenue Achievement (%)37.5% 73.6%
    FTTH Revenue Payout (%)0.0% 0.0%
    FTTH Revenue Weight (%)35.0% 35.0%
    Total Bonus Payout (%)32.5% N/A
    Grant DateFebruary 17, 2023 February 17, 2023
    Grant Date Fair Value for RSUs (USD)$944,988 (time-based) & $459,680 (performance-based) As above
    Vesting ScheduleTime-based: N/A; Performance RSUs vest up to 150% of target shares As above
    Additional ConditionsNon-GAAP operating profit and bookings targets for FY2025; minimum thresholds required; bonus potential up to 200% of target bonus if surpassed N/A