Qorvo Management

Management criteria checks 2/4

Qorvo's CEO is Bob Bruggeworth, appointed in Dec 2013, has a tenure of 10.33 years. total yearly compensation is $11.69M, comprised of 8.2% salary and 91.8% bonuses, including company stock and options. directly owns 0.22% of the company’s shares, worth $24.54M. The average tenure of the management team and the board of directors is 2.3 years and 9.3 years respectively.

Key information

Bob Bruggeworth

Chief executive officer

US$11.7m

Total compensation

CEO salary percentage	8.2%
CEO tenure	10.3yrs
CEO ownership	0.2%
Management average tenure	2.3yrs
Board average tenure	9.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bob Bruggeworth's remuneration changed compared to Qorvo's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 30 2023	n/a	n/a	-US$211m
Sep 30 2023	n/a	n/a	-US$100m
Jul 01 2023	n/a	n/a	-US$9m
Apr 01 2023	US$12m	US$956k	US$103m
Dec 31 2022	n/a	n/a	US$454m
Oct 01 2022	n/a	n/a	US$686m
Jul 02 2022	n/a	n/a	US$817m
Apr 02 2022	US$10m	US$920k	US$1b
Jan 01 2022	n/a	n/a	US$1b
Oct 02 2021	n/a	n/a	US$1b
Jul 03 2021	n/a	n/a	US$922m
Apr 03 2021	US$10m	US$885k	US$734m
Jan 02 2021	n/a	n/a	US$485m
Oct 03 2020	n/a	n/a	US$446m
Jun 27 2020	n/a	n/a	US$392m
Mar 28 2020	US$8m	US$851k	US$334m
Dec 28 2019	n/a	n/a	US$345m
Sep 28 2019	n/a	n/a	US$254m
Jun 29 2019	n/a	n/a	US$203m
Mar 30 2019	US$8m	US$826k	US$133m
Dec 29 2018	n/a	n/a	US$59m
Sep 29 2018	n/a	n/a	-US$43m
Jun 30 2018	n/a	n/a	-US$40m
Mar 31 2018	US$7m	US$803k	-US$40m

Compensation vs Market: Bob's total compensation ($USD11.69M) is above average for companies of similar size in the UK market ($USD5.63M).

Compensation vs Earnings: Bob's compensation has increased whilst the company is unprofitable.

CEO

Bob Bruggeworth (62 yo)

10.3yrs

Tenure

US$11,693,756

Compensation

Mr. Robert A. Bruggeworth, also known as Bob, serves as Independent Director of Seagate Technology Holdings plc since November 09, 2022. He serves as President & Director of Qorvo US, Inc. He has been the...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Robert Bruggeworth	President	10.3yrs	US$11.69m	0.22% $ 24.5m
Grant Brown	Senior VP & CFO	2yrs	US$3.38m	0.032% $ 3.6m
Paul Fego	Senior Vice President of Global Operations	5.8yrs	US$3.02m	0.031% $ 3.4m
Steven Creviston	Senior VP and President of Connectivity & Sensors	2.3yrs	US$3.11m	0.080% $ 8.9m
Philip Chesley	Senior VP & President of High Performance Analog	2.3yrs	US$2.39m	0.026% $ 2.9m
Douglas DeLieto	Vice President of Investor Relations	no data	no data	no data
Jason Givens	Senior VP	no data	no data	no data
Brent Dietz	Director of Corporate Communications	9.3yrs	no data	no data
David Fullwood	Senior Vice President of Sales & Marketing	2.3yrs	no data	no data
Debra Howard	Senior VP & Chief Human Resources Officer	4yrs	no data	no data
Frank Stewart	Senior VP & President of Advanced Cellular	2.3yrs	no data	0.012% $ 1.4m

2.3yrs

Average Tenure

55.5yo

Average Age

Experienced Management: 0KSJ's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert Bruggeworth	President	10.3yrs	US$11.69m	0.22% $ 24.5m
Judy Bruner	Independent Director	2.9yrs	US$304.99k	0.0015% $ 161.7k
Roderick Nelson	Independent Director	9.3yrs	US$304.99k	0.0080% $ 885.9k
Ralph Quinsey	Independent Director	9.3yrs	US$367.99k	0.055% $ 6.1m
Walden Rhines	Independent Chairman & Lead Independent Director	9.3yrs	US$324.99k	0.088% $ 9.7m
John Harding	Independent Director	9.3yrs	US$314.99k	0.0082% $ 904.8k
H. Ho	Independent Director	9.3yrs	US$304.99k	0.016% $ 1.8m
Susan Spradley	Independent Director	7.3yrs	US$304.99k	0.0077% $ 852.7k

9.3yrs

Average Tenure

64yo

Average Age

Experienced Board: 0KSJ's board of directors are considered experienced (9.3 years average tenure).

Qorvo Management

Management criteria checks 2/4

Key information

Recent management updates

Qorvo, Inc. Announces Board Changes

Qorvo, Inc. Announces Passing Away of Jeffery R. Gardner, Board Member, Chair of Audit Committee and Member of Governance and Nominating Committee

Qorvo, Inc., Annual General Meeting, Aug 15, 2023

Independent Director recently sold US$414k worth of stock

BioSig Technologies, Inc. Announces CFO Changes

Insufficient new directors

Recent updates

Qorvo, Inc. to Report Q4, 2024 Results on May 01, 2024

Qorvo, Inc. (NasdaqGS:QRVO) reached a definitive agreement to acquire Anokiwave Inc.

Third quarter 2024 earnings released: US$1.31 loss per share (vs US$0.16 loss in 3Q 2023)

Qorvo, Inc. (NasdaqGS:QRVO) reached a definitive agreement to acquire Anokiwave Inc.

Qorvo, Inc. to Report Q3, 2024 Results on Jan 31, 2024

Qorvo, Inc. Announces Board Changes

Second quarter 2024 earnings released: EPS: US$0.99 (vs US$1.83 in 2Q 2023)

Qorvo, Inc. Reports Goodwill Impairment Charges for the Second Quarter Ended September 30, 2023

Qorvo Qspice Revolutionizes Circuit Simulation for Power and Analog Designers

Qorvo, Inc. to Report Q2, 2024 Results on Nov 01, 2023

Qorvo Announces Industry's Smallest Low Voltage Transmit Module for Cellular Iot

Qorvo, Inc. Announces Passing Away of Jeffery R. Gardner, Board Member, Chair of Audit Committee and Member of Governance and Nominating Committee

Qorvo, Inc. Provides Earnings Guidance for the September 2023 Quarter and Fiscal Year 2024

First quarter 2024 earnings released: US$0.44 loss per share (vs US$0.66 profit in 1Q 2023)

Qorvo, Inc. Provides Earnings Guidance for the September 2023 Quarter and Fiscal Year 2024

Now 21% undervalued

Qorvo® Qspice™ Revolutionizes Circuit Simulation for Power and Analog Designers

Now 20% undervalued

Qorvo, Inc., Annual General Meeting, Aug 15, 2023

Now 20% undervalued after recent price drop

Now 21% undervalued after recent price drop

Qorvo, Inc. Provides Revenue Guidance for the Quarter Ending June 2023

Full year 2023 earnings released: EPS: US$1.00 (vs US$9.38 in FY 2022)

Independent Director recently sold US$414k worth of stock

BioSig Technologies, Inc. Announces CFO Changes

Third quarter 2023 earnings released: US$0.16 loss per share (vs US$1.97 profit in 3Q 2022)

Qorvo® Introduces Advanced Power Solution for Phased Array Systems

Qorvo, Inc. Provides Earnings Guidance for the March 2023 Quarter

Qorvo, Inc. to Report Q3, 2023 Results on Feb 01, 2023

Insufficient new directors

Qorvo, Inc. Provides Earnings Guidance for the Quarter Ending December 2022

Second quarter 2023 earnings released: EPS: US$1.82 (vs US$2.88 in 2Q 2022)

Qorvo, Inc. Provides Earnings Guidance for the Quarter Ending December 2022

Qorvo, Inc. to Report Q2, 2023 Results on Nov 02, 2022

Independent Director recently sold US$134k worth of stock

Qorvo® Appoints Grant Brown Chief Financial Officer

Qorvo GaN PA Module Delivers High Gain for L-Band Applications

Insider recently sold US$123k worth of stock

Qorvo, Inc. Introduces the QPD1034, A 1700 Watt High Power RF Gallium Nitride Pallet

Qorvo, Inc. Biotechnologies Receives Fda Emergency Use Authorization (Eua) for Rapid Covid-19 Antigen Testing At the Point of Care

First quarter 2023 earnings released: EPS: US$0.65 (vs US$2.55 in 1Q 2022)

Qorvo, Inc. Provides Earnings Guidance for the Quarter Ending September 2022

Qorvo UWB Solutions Certified for Apple U1 Interoperability

Qorvo, Inc., Annual General Meeting, Aug 09, 2022

Investor sentiment deteriorated over the past week

Qorvo, Inc. Announces Satcom Mmic Power Amplifier

Independent Director recently sold US$543k worth of stock

Full year 2022 earnings released: EPS: US$9.26 (vs US$6.43 in FY 2021)

Qorvo, Inc. Provides Financial Guidance for the Quarter Ending June 2022

Insufficient new directors

Qorvo, Inc. to Report Q4, 2022 Results on May 04, 2022

Qorvo, Inc. Announces Chief Financial Officer Changes

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Qorvo, Inc. Provides Earnings Guidance for the Quarter and Fiscal Year 2022

Qorvo® Simplifies Wi-Fi 6E System Design with the First Single Fem to Support 5.1 to 7.1 Ghz Bands

Independent Director recently sold US$200k worth of stock

Second quarter 2022 earnings released: EPS US$2.84 (vs US$1.20 in 2Q 2021)

Independent Director recently sold US$315k worth of stock

Independent Director recently sold US$570k worth of stock

First quarter 2022 earnings released: EPS US$2.51 (vs US$0.85 in 1Q 2021)

Qorvo Advances Radar Architecture with Reconfigurable Dual-band GaN Power Amplifier MMICs

Qorvo® Solutions Interoperable with Apple U1 Chip for New Ultra-Wideband Enabled Experiences

Full year 2021 earnings released: EPS US$6.43 (vs US$2.86 in FY 2020)

Qorvo, Inc. Provides Earnings Guidance for the Full Year of Fiscal 2022

Full year 2021 earnings released: EPS US$6.32 (vs US$2.86 in FY 2020)

Qorvo, Inc. Provides Financial Guidance for Quarter Ending June 2021

Independent Director recently sold US$213k worth of stock

Third quarter 2021 earnings released: EPS US$1.74 (vs US$1.39 in 3Q 2020)

Revenue beats expectations