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    David V. Goeckeler

    Chief Executive Officer (CEO) at SanDisk Corp
    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 Corp

    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