Silicon Labs names Robert Conrad SVP of Worldwide Operations, replacing Sandeep Kumar
Silicon Labs appointed Robert Conrad, a current board director, as Senior Vice President of Worldwide Operations, effective April 29, 2024, and he resigns from the board on starting work. Sandeep Kumar, who has led global operations, will leave his executive role and serve in a non-executive advisory role, departing in the second half of 2024. The filing puts the operations leadership change on record, along with pay terms for the new executive.
- Conrad's base salary is $450,000, with a target bonus of 100% of base salary, prorated for 2024.
- Expected May 15, 2024 equity grants total three awards of $1,000,000 each in grant date value, plus a $100,000 relocation bonus.
- Conrad resigned from the board on April 18, 2024, effective when he starts as SVP.
- Kumar will cease being SVP of Worldwide Operations on April 29, 2024 and depart the company in the second half of 2024.