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...

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 at Western Digital and the COO at Lumileds. Before that, he played a significant role at AMD, holding various senior positions, including the CEO of AMD India. Ajay holds a Bachelor's degree in Production Engineering from the University of Bombay and a Master's degree in Industrial Engineering from Texas Tech University. In 2023, Ajay's total compensation was $585,208, which reflects a base salary of $450,000 plus a performance-related bonus. Notably, upon joining Enovix, he received a substantial grant of 833,000 restricted stock units (RSUs) aimed at aligning his incentives with the company's performance. His career shows a dedication to operational excellence and a focus on driving growth in innovative industries.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Enovix Corporation CEOs

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Ajay Marathe

CEO of Enovix Corporation

Sector of Economy

Industrials

CEO of Enovix Corporation for

2 years 6 months (Nov 2022 - Present)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Ajay Marathe

Holdings

See how much did Ajay Marathe make over time.

Ajay Marathe has a significant stake in Enovix Corporation, following his initial grant of 833,000 restricted stock units (RSUs) upon joining the company in November 2022. These shares are a strategic part of his compensation package, intended to align his...

Ajay Marathe has a significant stake in Enovix Corporation, following his initial grant of 833,000 restricted stock units (RSUs) upon joining the company in November 2022. These shares are a strategic part of his compensation package, intended to align his interests with the performance of the company. As of 2023, Marathe's RSUs have substantial value calculated at around $11.6 million based on the company's stock performance. This substantial holding reflects his commitment to the company's success, especially as he works to grow Enovix's position in the battery manufacturing sector. His investment shows confidence in what he aims to achieve at Enovix, particularly in enabling advancements in battery technology for various applications.

Mar 18, 2025

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shares

ENVX @ $7.88

Insider Trading

See recent insider trades of Ajay Marathe.

ENVX

14,718 shares

ENVX

Mar 7, 2025

Received

ENVX

33,170 shares

ENVX

Feb 12, 2025

Received

ENVX

160,513 shares

ENVX

Jan 6, 2025

Received

ENVX

2,640 shares

ENVX

Nov 22, 2024

Received

ENVX

5,731 shares

ENVX

Aug 20, 2024

Received

ENVX

5,301 shares

ENVX

May 24, 2024

Received

ENVX

$36.21K

ENVX at $7.31/share

Apr 14, 2024

Sale

ENVX

236,805 shares

ENVX

Apr 8, 2024

Received

ENVX

1,650 shares

ENVX

Aug 2, 2023

Received

ENVX

6,591 shares

ENVX

Jun 7, 2023

Received

Compensation History

See how much did Ajay Marathe make over time.

In 2023, Ajay Marathe's total compensation reached $585,208. This figure includes a base salary of $450,000 and a performance bonus of $121,259 based on specific targets set by the company's Compensation Committee. The bonus is tied to operational and financial performance metrics, emphasizing a pay-for-performance culture. Earlier in 2022, when he first joined, his pro-rated salary was $60,577 and his bonus was adjusted based on his start date in November. Ajay also received an initial grant of restricted stock units, amounting to 833,000 shares, which is set to vest over several years. This comprehensive compensation structure is designed to attract and retain talent in a competitive field while aligning executive interests with shareholder value.

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.

Other Enovix Corporation CEOs

Here are other CEOs of Enovix Corporation

T.J. Rodgers

Ex-CEO of Enovix Corporation

November 2022 - November 2022