Thad Trent Appointed ON Semiconductor’s Executive Vice President And Chief Financial Officer

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  • Trent has held several leadership roles throughout his career, most recently as CFO at Cypress Semiconductor
  • Bernard Gutmann has decided to retire from his position as executive vice president and CFO of the company

ON Semiconductor has announced that Thad Trent will join ON Semiconductor as executive vice president and chief financial officer (CFO) effective Feb. 16, 2021. He joins ON Semiconductor as a nearly 30 year finance veteran of the tech industry. Trent has held several leadership roles throughout his career, most recently as CFO at Cypress Semiconductor. There he was responsible for strategic planning, accounting, investor relations, tax, corporate development and information technology.

Hassane El-Khoury, president and CEO at ON Semiconductor said, “I have full confidence that Thad’s wealth of experience to the role and a depth of understanding of the transformation underway in our industry will add tremendous value to our organization. He has the skillset needed to take our company into its next phase as we further focus on accelerating revenue and gross margin while enhancing stakeholder value. We are excited to enter this next phase of growth for the company.”

Bernard Gutmann has decided to retire

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Bernard Gutmann has decided to retire from his position as executive vice president and CFO of the company after a nearly four decade career in finance with ON Semiconductor and Motorola. Gutmann will remain an advisor until April 2021 to ensure a smooth transition.

Gutmann added, “During the past several decades of my career here, it has been wonderful to be a part of our company’s success and foundation building – starting from my work on the company’s initial public offering (IPO) in 2000. I wish our company a bright future and outlook as I embark on this next phase of my life, focusing on my family in retirement.”

El-Khoury added, “The foundation that Bernard has set during his tenure at our company will enable us to build upon our future strategies. We thank Bernard for his dedication to his team, ON Semiconductor and key stakeholders during his tenure at our company.”

Earlier this month, Bill Schromm announced his retirement as executive vice president and chief operations officer of the company. ON Semiconductor welcomed Dr. Wei-Chung Wang as executive vice president of manufacturing and operations. Before this, he was executive vice president of worldwide manufacturing and operations at Cypress Semiconductor, responsible for overseeing fab and assembly/test, foundry/subcons, supply chain and packaging development. . Prior to Cypress, Wei-Chung was senior vice president of operations at Fairchild Semiconductor, now part of ON Semiconductor.

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