Anita Ganti
POWER INTEGRATIONSAbout Anita Ganti
Anita Ganti, age 53, has served as a director of Power Integrations since April 2020 and was appointed Lead Director – Cybersecurity in January 2025. She holds a B.E. in Electrical Engineering (VJTI, India), an M.S.E.E. (Virginia Tech), and an MBA (Wharton) and brings extensive analog semiconductor, product engineering, and technology operations experience from roles at Wipro, Flex, and Texas Instruments . The Board classifies her as an independent director under Nasdaq standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Wipro Limited | SVP, Product Engineering Services (>$600M revenue) | 2015–2019 | Led offerings/operations; executive-level customer engagements |
| Flex Ltd. (Flextronics) | VP, Global Technology | 2013–2015 | Drove technology partnerships and operations |
| Texas Instruments | GM, Precision Signal Path Division | 2008–2013 | Led semiconductor business transformation/turnarounds |
External Roles
| Organization | Role | Tenure | Public/Private |
|---|---|---|---|
| Silvaco, Inc. | Director | Current | Not specified as public in proxy |
| Exro Technologies, Inc. | Director | Prior | Public company; prior service noted |
Board Governance
- Committee memberships: Audit Committee member; the Audit Committee comprised Iyer (Chair), Ganti, and Vig; met five times in 2024 .
- Independence: All directors other than the CEO are independent; all committees are composed solely of independent directors .
- Attendance: The Board met seven times in 2024; all directors attended at least 75% of the aggregate meetings of the Board and the committees on which they served .
- Executive sessions: Independent directors met in executive session at least twice per year, presided over by the Lead Director .
- Lead role: Appointed Lead Director – Cybersecurity in January 2025; role carries $1,875 per quarter beginning July 1, 2025 .
Fixed Compensation
| Component | FY2024 Amount | Notes |
|---|---|---|
| Cash fees (Board + committees) | $55,000 | Annual director & committee fees earned in 2024 |
| RSU grant (fair value) | $119,936 | FY2024 director equity award value |
| Total FY2024 | $174,936 | Sum of cash and RSU fair value |
| Cash Fee Policy | Pre–July 1, 2025 | Starting July 1, 2025 |
|---|---|---|
| Board member (per quarter) | $11,250 | $15,000 |
| Lead Independent Director (per quarter) | $7,500 | $7,500 |
| Audit Chair (per quarter) | $5,000 | $6,250 |
| Audit member (per quarter) | $2,500 | $2,500 |
| Comp Chair (per quarter) | $3,750 | $5,000 |
| Comp member (per quarter) | $2,000 | $2,250 |
| Nominating Chair (per quarter) | $2,500 | $2,500 |
| Nominating member (per quarter) | $1,250 | $1,250 |
| Lead Director – Cybersecurity (per quarter) | N/A | $1,875 |
Performance Compensation
| Director Equity Program | FY2024 | Starting 2025 (subject to Plan approval) |
|---|---|---|
| Annual RSU grant value | $120,000 | $200,000 (RSUs) |
| Grant timing | Various (FY2024 grants at $120,000 value) | First trading day of July each year |
| Vesting | Time-based; vests in full immediately prior to next annual meeting, contingent on continued service | Same; 100% vesting upon Change of Control under the 2016 Plan |
- No director options disclosed; equity is time-based RSUs, not performance-conditioned .
Other Directorships & Interlocks
| Area | Details |
|---|---|
| Current public boards | None disclosed for Ganti in proxy (Silvaco noted; status not specified) |
| Prior public boards | Exro Technologies, Inc. |
| Interlocks/conflicts | 2024 related-party transactions involved CEO’s son’s employment and Tessolve purchases connected to director Brathwaite’s family; no transactions involving Ganti disclosed . |
Expertise & Qualifications
- Skills grid shows Ganti brings semiconductor/electronics industry experience; engineering; public-company senior management; human capital management; supply chain/manufacturing; sales/marketing; enterprise risk; automotive industry experience .
- Education: B.E. (VJTI), M.S.E.E. (Virginia Tech), MBA (Wharton) .
Equity Ownership
| Holder | Shares Beneficially Owned | Percent of Total |
|---|---|---|
| Anita Ganti | 8,952 | <1% |
Governance Assessment
- Strengths: Independent Audit Committee membership with active oversight (auditor independence, internal controls, related-person transaction review); strong sector-relevant operating background; attendance compliance; dedicated cybersecurity oversight via Lead Director – Cybersecurity role .
- Alignment: Director pay skewed toward equity (RSUs) vs cash in 2024 ($119,936 vs $55,000), increasing equity retainer to $200,000 from 2025; supports long-term alignment but awards are time-based rather than performance-based .
- Compensation governance: Use of independent advisor (Aon) to reposition director pay to market median; clear cash fee schedule and RSU vesting/CoC acceleration terms disclosed .
- Engagement: Board holds at least two executive sessions annually; directors have full access to management and can retain advisors, supporting independent oversight .
- Red flags: None specific to Ganti disclosed (no related-party transactions, no Section 16(a) delinquencies reported). Note the Board’s recommendation against an independent chair proposal, which some investors view negatively; however, committees are fully independent and executive sessions are held .