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    Hassane El-Khoury

    President, Chief Executive Officer, and Director at ON Semiconductor Corp
    Board
    Since December 7, 2020
    Age
    45 years
    Education
    Holds a Bachelor of Science in Electrical Engineering from Lawrence Technological University and a Master's of Engineering Management from Oakland University.
    Tenure
    Has served as President, CEO, and Director at ON Semiconductor since December 7, 2020.

    Also at ON Semiconductor Corp

    SK
    Simon Keeton
    Group President, Power Solutions Group (PSG)
    SG
    Sudhir Gopalswamy
    Group President, Intelligent Sensing Group (ISG) and Analog and Mixed-Signal Group (AMG)
    TT
    Thad Trent
    Executive Vice President, Chief Financial Officer, and Treasurer

    About

    An accomplished executive in the semiconductor industry, he built a strong foundation with extensive experience at Cypress Semiconductor, where he served in senior roles including CEO, Executive Vice President, Senior Director, and key business development positions.

    During his time at Cypress, his leadership was instrumental in transforming the company, driving revenue growth from $723 million to $2.5 billion and increasing enterprise value fivefold, showcasing his expertise in strategic management and industry innovation.

    At ON Semiconductor, his transformational leadership and commitment to operational excellence have bolstered the company’s strategic vision, while his active roles on board committees enhance corporate governance and promote sustainable performance. His career demonstrates a blend of technical proficiency and executive acumen that continues to shape the competitive landscape of the semiconductor and automotive sectors.

    $ON Performance Under Hassane El-Khoury

    Past Roles

    OrganizationRoleDate RangeDetails
    Cypress Semiconductor Corporation President, Chief Executive Officer, and Director 2016–2020 N/A [N/A]**
    Cypress Semiconductor Corporation Executive Vice President, Programmable Systems Division 2012–2016 N/A [N/A]**
    Cypress Semiconductor Corporation Senior Director of Automotive Business Unit 2010–2012 N/A [N/A]**
    Cypress Semiconductor Corporation Senior Business Development Manager 2008–2010 N/A [N/A]**
    Cypress Semiconductor Corporation Staff Application Engineer 2007–2008 N/A [N/A]**

    External Roles

    OrganizationRoleDate RangeDetails
    Leia Inc. Chairman of the board of directors N/A [N/A]**N/A [N/A]**

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,130,769 AnnualFixed base salary
    Company Contributions Under 401(k) Plan$13,200 Annual401(k) contributions
    Executive Group Term Life Insurance Imputed Income$1,150 AnnualImputed income from group term life insurance
    Premiums Paid for Basic Life & AD&D Insurance$1,380 AnnualInsurance premium payments
    Car Allowance$14,400 AnnualCar allowance provided by company
    Financial Planning Services$10,000 AnnualFee for financial planning services
    Imputed Income for Post-Tax Long-Term Disability Insurance$540 AnnualImputed income for LTD benefit payments
    Other Amounts$380 AnnualPersonal use electronic equipment

    Performance Compensation

    Data from  FY 2023

    STI Program

    MetricValueDetailsCitation
    Base Salary$1,130,769 Fixed yearly salary used in payout calculations
    Target STI Opportunity175% Multiplier applied to base salary for STI calculation
    Corporate Multiplier64.1% Based on revenue and non-GAAP operating margin performance; scale ranges from 0% to 200%
    Individual Goal Achievement83.58% Composite of NEO Financial (69.5%, 50% weighting) and NEO Strategic (97.66%, 50% weighting) goals
    Combined Payout Percentage53.57% Product of Corporate Multiplier and Individual Goal Achievement
    Final STI Payment$1,060,163 Calculated as Base Salary × Target STI Opportunity × Combined Payout Percentage
    Payment TypeCash STI is paid in cash after performance year

    Stock Awards

    Award TypeMetricValueTarget/Threshold/MaxVesting ScheduleAdditional DetailsCitation
    RSUsShares Granted84,511 N/A3 equal annual installments beginning on the anniversary of the grant dateTime-based vesting contingent on continued employment
    PBRSUsTarget Shares126,766 Maximum of 269,378 (212.5% of target) 3 equal annual installments (2024, 2025, 2026)Performance-based with metrics and TSR adjustment
    PBRSUsNew Product RevenueN/AThreshold: 19%, Target: 25%, Stretch: 30%N/AWeighting: 25% of PBRSU value
    PBRSUsNon-GAAP Operating MarginN/AThreshold: 30.0%, Target: 32.6%, Stretch: 34.0%N/AWeighting: 25% of PBRSU value
    PBRSUsSiC Product Revenue RampN/AThreshold: 2x, Target: 3.8x, Stretch: 4.4xN/AWeighting: 33.3% of PBRSU value
    PBRSUsDesign Wins Supporting 5-Year PlanN/AThreshold: $4.0B, Target: $5.0B, Stretch: $6.0BN/AWeighting: 16.7% of PBRSU value
    PBRSUsTSR AdjustmentN/ARange: 50% to 150%N/AAdjusts payouts based on relative Total Shareholder Return performance

    This detailed breakdown covers the 2023 performance compensation components, including the STI Program with its cash payout calculation and the Stock Awards comprised of both time-based RSUs and performance-based PBRSUs. The evaluation period for these measures is the 2023 fiscal year, with PBRSU awards vesting over three years.