Sanjay Mehrotra

President, Chief Executive Officer, and Director at MICRON TECHNOLOGY

Board

Since May 2017

Age

66 years

Education

Holds a BS and MS in Electrical Engineering and Computer Science from the University of California, Berkeley and is a graduate of the Stanford Graduate School of Business Executive Program.

Tenure

Joined in May 2017 as President, Chief Executive Officer, and Director at MU, leveraging extensive experience in the semiconductor and technology industries.

Also at MICRON TECHNOLOGY

ASA

April S. Arnzen

Executive Vice President and Chief People Officer

Manish Bhatia

Executive Vice President, Global Operations

MJM

Mark J. Murphy

Executive Vice President and Chief Financial Officer

About

Sanjay Mehrotra, aged 66, has a strong foundation in engineering and business, which has been pivotal in shaping his career. His academic achievements in electrical engineering, computer science, and executive business education have equipped him with the insight needed for navigating the competitive technology landscape.

Before joining MU, he co-founded SanDisk Corporation in 1988 and played an instrumental role in its growth, eventually leading the company as President and CEO until its acquisition in 2016. His career is marked by diverse leadership roles that have continually driven innovation in the semiconductor memory industry.

At MU, his tenure since May 2017 as President, CEO, and Director underscores his strategic vision and commitment to advancing the company’s objectives. Additionally, his participation on several boards, including those of Cavium, Western Digital, and CDW, reflects a broad impact on the technology sector and reinforces his reputation as a seasoned leader.

$MU Performance Under Sanjay Mehrotra

Past Roles

Organization	Role	Date Range	Details
Cavium, Inc.	Board of Directors	July 2009 - July 2018	N/A [N/A]
Western Digital Corp.	Board of Directors	May 2016 - February 2017	N/A [N/A]
SanDisk Corporation	President and Chief Executive Officer	January 2011 - May 2016	Co-founded and led the company since 1988 until its eventual sale
SanDisk Corporation	Board of Directors	July 2010 - May 2016	N/A [N/A]

External Roles

Organization	Role	Date Range [N/A]	Details [N/A]
CDW Corporation	Board of Directors	N/A [N/A]	N/A [N/A]
Semiconductor Industry Association	Board of Directors	N/A [N/A]	N/A [N/A]

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,418,000	Annual (Fiscal 2024)	Restored to pre-reduction level after a 20% reduction in Fiscal 2023
Cash in Lieu of Benefits	$338,700	Lump sum covering 24 months	Covers 24 months of benefits as per the Change in Control agreement

Performance Compensation

Data from FY 2024

Short-Term Incentive (STI) Bonus

Metric	Value	Details
STI Target	$3,048,700	215% of base salary for Fiscal 2024
Actual STI Payout	$4,847,433	Adjusted based on performance with negative discretion applied by the Compensation Committee
Performance Metrics	N/A	Tied to profitability, technology, product, business, cost & efficiency, and other objectives

Performance-Based Restricted Stock Units (PRSUs)

Detail	Value	Notes
Grant Date	October 13, 2023	N/A
Grant Date Fair Value (Target)	$15,437,097	Calculated at target level for performance-based awards
Threshold Shares	49,572	Minimum performance level required
Target Shares	209,807	Shares awarded at the target performance level
Maximum Shares	419,614	Cap at 200% payout of the target level
Performance Metrics	rTSR, HBM3E+ shipments, High-Growth Segment Revenue	Metrics used for performance evaluation; specific numeric targets are confidential
Vesting Schedule	October 2025 and October 2026	Vesting occurs in two tranches based on performance over Fiscal 2025 and 2026
Evaluation Period	Through Fiscal 2025 and 2026	Performance is measured over multi-year periods

Dec 21, 2023

Watch on YouTubeWatch