Applied Materials Appoints Qualcomm CFO and COO Akash Palkhiwala to Board of Directors

Applied Materials announced the appointment of Akash Palkhiwala to its Board of Directors and the Board's Audit Committee, effective August 27, 2026. Mr. Palkhiwala is currently the Chief Financial Officer (CFO) and Chief Operating Officer (COO) of Qualcomm Incorporated, bringing extensive financial and operational leadership experience from the semiconductor industry.

Key Details

• Appointment: Akash Palkhiwala was elected to the Board of Directors and its Audit Committee, effective immediately.
• Compensation: As a non-employee director, Mr. Palkhiwala will receive a $100,000 annual retainer, a $25,000 retainer for Audit Committee service, and a prorated grant of restricted stock units (RSUs) valued at $250,000.
• RSU Vesting: The RSU grant is scheduled to vest in full on March 1, 2027, subject to his continued service as a director.