Robert A. Bruggeworth
Also at Qorvo Inc
About
Robert A. Bruggeworth has built a distinguished career in the semiconductor industry, with over 30 years of experience in engineering, manufacturing, and global business. He began his career at AMP Inc. (now TE Connectivity LTD), holding various manufacturing and engineering positions that laid the foundation for his executive leadership roles later in his career.
Since December 2013, he has led Qorvo as its President and Chief Executive Officer, guiding the company through significant growth and strategic evolution. His leadership at Qorvo is a continuation of his extensive experience from his previous role as CEO at RF Micro Devices, where he served from January 2003 to January 2015 after joining senior management in September 1999.
In addition to his executive responsibilities, he has made substantial contributions to the industry through board memberships at MSA Safety Incorporated since 2007 and Seagate Technology Holdings plc since November 2022, as well as leadership roles within the Semiconductor Industry Association, serving as Chair in 2021 and Vice Chair in 2020.
At 63 years old, his career reflects a deep commitment to innovation and leadership in the technology and semiconductor sectors, demonstrating a blend of operational expertise and strategic foresight.
$QRVO Performance Under Robert A. Bruggeworth
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| RF Micro Devices, Inc. | President and Chief Executive Officer | January 2003 – January 2015 | N/A |
| RF Micro Devices, Inc. | Senior Management Positions | Starting September 1999 until CEO appointment (approx. January 2003) | Held several senior management roles prior to becoming CEO |
| AMP Inc. (now TE Connectivity LTD) | Various Manufacturing and Engineering Positions | July 1983 – April 1999 | Most recently served as Divisional Vice President of Global Computer and Consumer Electronics based in Hong Kong |
External Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| MSA Safety Incorporated | Board of Directors | Since 2007 | Lead Independent Director since May 2017 |
| Seagate Technology Holdings plc | Board of Directors | Since November 2022 | N/A |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $995,431 | Annually | Fixed annual base salary for 2024. |
| All Other Compensation | $13,251 | Annually | Represents company matching contributions to the 401(k) plan. |
Performance Compensation
Short-Term Incentive Awards
| Metric | Threshold | Target | Maximum | Weight | Actual Result (1H) | Payout Percentage (1H) |
|---|---|---|---|---|---|---|
| Revenue | $1,633.1M | $1,921.3M | $2,209.5M | 50% | $1,754.7M | 59.5% |
| Non-GAAP Operating Income | $269.1M | $384.4M | $499.7M | 50% | $326.2M | 64.7% |
Combined payout factor for the first half: 62.1% .
Additional Details: These cash-based awards are determined on a linear payout basis between the threshold and maximum levels. No vesting schedule applies as payouts are made after the performance period. The evaluation period is divided into two six-month segments.
Performance-Based RSU Awards
| Metric | Target/Details | Actual | Vesting Schedule | Grant Date | Grant Date Fair Value |
|---|---|---|---|---|---|
| RSU Award Target | 67,727 RSUs | 78,563 RSUs (116% of target) | 50% vest upon certification; remaining 50% in equal annual installments over 2 years | May 15, 2023 | $6,299,965 |
Additional Details: Performance objectives include product release milestones, revenue and market penetration targets, operational improvements, R&D milestones, and other strategic goals.