RMBS · Rambus Inc.

Rambus Inc. has named Sumeet Gagneja, a seasoned finance executive with over two decades in the semiconductor and data center sectors, as its new Senior Vice President and Chief Financial Officer, effective April 29, 2026. Gagneja's extensive background includes recent roles as divisional CFO at AMD's Data Center Segment, CFO of Western Digital's Flash Business, and senior positions at Xilinx, Innovium, Maxim Integrated, Broadcom, and Intel. This appointment ends John Allen's tenure as Interim CFO, with Allen transitioning to Vice President, Accounting and Chief Accounting Officer. The CFO role is pivotal for overseeing global finance, capital allocation, and investor relations amid Rambus' focus on data center, AI infrastructure, and long-term profitable growth. Compensation is competitive, featuring a $475,000 base salary, 75% target bonus (prorated for 2026), a $300,000 sign-on bonus repayable if departing within two years, and substantial equity grants totaling $6.25 million in RSUs and PSUs vesting over 2-4 years, tied partly to relative TSR performance against SOX index peers. Standard indemnification and change-in-control agreements apply. The move signals strengthened financial leadership to support scaling and value creation, with no disclosed related party issues.