Sundar PichaiSundar Pichai earned $164M in 2023
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Ajay Marathe

CEO of Enovix Corporation

Economy Sector

Industrials

Current Tenure

2 years 2 months (Nov 2022 - Present)

Previous Experience

Unknown

Ajay Marathe is the Chief Operating Officer of Enovix Corporation, where he has been steering operations since November 2022. He has a solid experience in the tech and manufacturing sectors, having previously worked as the Senior Vice President of Operations...

Year

2023

Total Compensation

$585.21K

Salary

$450.00K

Board Justification

The compensation philosophy is designed to attract, motivate, and retain executives who drive innovation and business success, aligning their interests with those of stockholders through performance-based incentives.

Bonus

$121.26K

Board Justification

The bonus is based on the achievement of performance goals established by the Compensation Committee at the beginning of the fiscal year, with payouts varying based on performance against these goals.

Other

$13.95K

Board Justification

Other compensation includes 401(k) contributions and life insurance premiums.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2023 as the focus is on cash and other compensation.

Performance Metrics

Performance metrics include revenue targets, operational efficiency, customer growth, and completion of manufacturing milestones.