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    Rajesh Vashist

    Chairman, President, and CEO at SiTime Corp
    Board
    Since September 2007
    Age
    66 years
    Education
    Holds a Bachelor of Science in Engineering from the National Institute of Technology Rourkela and an MBA from Marquette University.
    Tenure
    Joined SITM as President and CEO in September 2007 and was promoted to Chairman on November 1, 2019.

    Also at SiTime Corp

    EAH
    Elizabeth A. Howe
    EVP, Finance and CFO
    FA
    Fariborz Assaderaghi
    EVP, Technology and Engineering
    LB
    Lionel Bonnot
    EVP, Worldwide Sales and Business Dev.

    About

    Rajesh Vashist has been at the helm of SiTime Corporation since September 2007, serving as President and CEO. He brought extensive industry experience from his previous role as CEO and Chairman at Ikanos Communications, Inc. from July 1999 to October 2006, which has helped him lead significant company growth.

    His educational background includes earning a Bachelor of Science in Engineering from the National Institute of Technology Rourkela and an MBA from Marquette University, laying a strong foundation for his leadership in the semiconductor industry.

    Under his leadership, SiTime has experienced remarkable growth, including a 41% increase in net revenue in 2024 and a substantial improvement in quarterly performance. His strategic vision and commitment have not only driven innovation but also positioned the company as a key player in its market segments.

    The comprehensive nature of his career, marked by both early industry accomplishments and ongoing contributions at SiTime, reflects a deep commitment to technological advancement and business leadership in the semiconductor space.

    $SITM Performance Under Rajesh Vashist

    Past Roles

    Organization Role Date Range Details
    Ikanos Communications, Inc. Chief Executive Officer and Chairman of the Board of Directors July 1999 to October 2006 Led the company as CEO and Chairman during this period

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$650,000 AnnuallyFixed annual salary
    Lease Payments$120,000 N/AFor temporary Netherlands assignment
    Life Insurance Premiums & 401(k) Matching$9,546 N/AIncluded in Other Fixed Compensation

    Performance Compensation

    Data from  FY 2023

    Bonus Plan Components (2023)

    Performance ComponentWeightTargetThreshold PayoutMaximum PayoutVesting ScheduleActual Outcome
    GAAP Revenue35% $223.0 million 50% payout at 80% achievement 150% payout at 120% achievement RSUs vest on February 20, 2024 Not achieved
    Non-GAAP Operating Income35% $27.7 million 50% payout at 80% achievement 150% payout at 120% achievement RSUs vest on February 20, 2024 Not achieved
    Individual Business Goals30% Target bonus equals 100% of base salary ($650,000) 50% payout at 80% achievement 150% payout at 120% achievement RSUs vest on February 20, 2024 Achieved 110%, contributing to an overall bonus payout of $243,750 (38% of target)

    Overall Bonus Target: $650,000

    Actual Payout: $243,750