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David V. Goeckeler

Chief Executive Officer (CEO) at Sandisk
Board
Since February 24, 2025
Age
63 years
Tenure
Began tenure as Chief Executive Officer of Sandisk on February 24, 2025 following the company's spin-off from Western Digital.

Also at Sandisk

LFVL
Luis F. Visoso Lomelin
Chief Financial Officer (CFO)
MRP
Michael R. Pokorny
Chief Accounting Officer

About

David V. Goeckeler, currently 63 years old , is the Chief Executive Officer of Sandisk Corporation. He assumed the role on February 24, 2025 when the company separated from Western Digital.

Before joining Sandisk, he served as the CEO of Western Digital Corporation from March 2020 until the spin-off and held senior leadership roles at Cisco Systems, Inc., where he was Executive Vice President and General Manager of Networking and Security from 2014 to March 2020.

In addition to his executive responsibilities, he has served on the boards of key organizations, including Western Digital and Automatic Data Processing, Inc. (ADP).

His appointment as CEO marks an important milestone in Sandisk's evolution into an independent, publicly traded company, reflecting a strategic transition in leadership.

$SNDK Performance Under David V. Goeckeler

Past Roles

OrganizationRoleDate RangeDetails
Western Digital Corporation (WDC) Chief Executive Officer March 2020 - February 2025 Served as CEO until the spin-off of SNDK
Cisco Systems, Inc. Executive Vice President & General Manager, Networking & Security 2014 - March 2020 Held various senior leadership roles

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,250,000 AnnualizedNo increase from fiscal 2023
401(k) Matching Contributions$9,900 As contributions are made (resumed January 2024)Company matching under resumed 401(k) Plan
Perquisites$74,866 AnnualizedPersonal aircraft travel cost incurred by the company
Stock Awards$12,033,939 Granted based on fair value calculationGrant date fair value determined in accordance with ASC Topic 718
Restricted Stock Units (RSUs)$5,999,992 Vest over four years: 25% at 1st anniversary, then 6.25% quarterly151,937 RSUs granted, vesting based on specified schedule

Performance Compensation

Data from  FY 2024

Short-Term Incentives (STI)

MetricThresholdTargetMaximumActual PerformanceWeightPayout/Achievement
Non-GAAP Operating Income$(594)M $(195)M $66M $512M 45%200%
Cash Conversion Cycle131 days 114 days 97 days 107 days 45%141%
Scope 1 & 2 Emissions773,000 mt CO2e (25% payout) 752,730 mt CO2e 721,000 mt CO2e 669,000 mt CO2e 10%200%

Additional STI Details:

  • Corporate weighted average payout: 173.5%
  • Individual performance modifier: +14%
  • Awarded payouts based on performance levels:
    • Threshold: $54,688
    • Target: $2,187,500
    • Maximum: $5,468,750
  • Actual STI Payout: $4,326,875

Long-Term Incentives (LTI) / Performance Stock Units (PSUs)

MetricThresholdTargetMaximumActual PerformancePayout/Achievement
One-Year Revenue (PSU)$11,135M $13,100M $15,065M $13,003M 97% payout
One-Year Non-GAAP EPS (PSU)$(2.90) $(2.32) $(1.62) $(0.20) 200% payout

Weighted Payout: 149%

Vesting & Grant Details:

  • Vesting Schedule for PSUs: Cliff vesting at the end of the three-year performance period on August 20, 2025
  • Employment through the entire three-year period is required to vest
  • Grant Date: August 25, 2023
  • Grant Date Fair Value:
    • PSUs: $3,102,574 based on probable outcome
    • Maximum Performance Value: $6,825,663
  • Grant Date Stock Price: $40.84 per share

Additional LTI/PSU Details:

  • The awards include a three-year relative TSR modifier, which does not increase payouts if absolute TSR is negative
  • Annual financial metrics are evaluated for each fiscal year (2024, 2025, 2026) to determine the three-year payout percentage