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Rajesh Vashist

Chairman, President, and CEO at SITIME
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

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