leadership
confidence high
sentiment neutral
materiality 0.70
Littelfuse appoints Abhi Khandelwal as CFO effective June 18, 2025; Meenal Sethna to advise transition
LITTELFUSE INC /DE
- Khandelwal most recently CFO of IDEX Corporation; brings 20+ years financial/operational experience.
- Base salary $650K, target bonus 85% of base, initial equity award 250% of base (prorated for 2025).
- Signs on with $250K cash bonus and $2M sign-on equity (PSUs + RSUs), vesting tied to TSR vs Russell 3000.
- Current CFO Meenal Sethna will remain as strategic advisor to ensure smooth transition.
- Khandelwal to enter change of control agreement with 1.5x severance multiple through Dec 2026.
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