Scouting report · LFUS
Gregory N. Henderson
Ex-Analog Devices group head; Littelfuse director since 2023, CEO since Feb 2025
—thin record
Not ranked yet
Scouting sheet
as of 24 Sep 2026Delivers guidance—no promises on the record yet
Answers the question—no call reviewed yet
Capital allocation—company not reviewed yet
Pay design67revenue, eps, fcf, individual, relative tsr, time only · 92.3% for · company lost money
Skin in the game—no holding or price on file
- Age
- 57src
- In the role
- 2 yr
- Promises scored
- 0
- Hit rate
- —
- Dodges / 100 answers
- —
- Airtime on calls
- —
Every promise, oldest firstno scored promises yet
What to weigh
Watch 5
- 2025 SCT total of $19.6m, including $14.5m grant-date value of PSUs (the sign-on award plus the April annual grant). The CEO pay ratio is 1,125:1src
- The bonus paid 154.8% of target in a year with a $71.7m GAAP net loss. AIP EPS excludes impairment, restructuring, acquisition costs and Basler, so the $301.2m write-down did not reach the bonussrc
- Senior team largely replaced in his first 18 months: the CFO separation agreed 2025-04-08, the semiconductor GM out August 2025, the Chief Legal Officer out April 2026src
- The Electronics segment head (Nayar) steps down to Special Advisor on 2026-12-31. No successor was named in the filingsrc
- Thin skin in the game so far: 5,917 shares beneficially owned (about 0.02%). Counting unvested RSUs he holds 13,951 against a 16,600-share guideline due within five yearssrc
In their favour 2
- Say-on-pay recovered to 92.3% at the April 2026 meeting, from about 76% in 2025. After that 2025 vote, stock options were replaced with relative-TSR PSUssrc
- The 2026 bonus plan drops the discretionary individual component (now 100% business metrics) and swaps operating cash flow for FCF conversion of net incomesrc
Career
- 2025 – nowLittelfusesrc
President & CEO; director
Effective 2025-02-10. Picked from the board rather than from inside management; the planned 2025-02-26 Investor Day was postponed - 2023 – 2025
- 2017 – 2024
- 2014 – 2017
- 2013 – 2014Hittite Microwave Corporationsrc
VP, RF and Microwave Business
The filing says he held the role until ADI bought Hittite in 2014; the October 2013 start comes only from the search summary - 2009 – 2013Harris Corporationsrc
Director of broadband products, then director of product management, Public Safety and Professional Communications
Filings list Harris without dates or titles
Undated in the sources
- IBM; TriQuint Semiconductor; Tyco Electronicssrc, Technical and leadership roles of increasing responsibility
Not located: 2024 (after Analog Devices) to 2025-02 not described in any source. Harris 2009-2013 and the Hittite start come only from a search summary, because analog.com could not be fetched. The IBM, TriQuint and Tyco Electronics years are not dated anywhere.
Achievements
- Ran Analog Devices' Automotive & Energy, Communications and Aerospace Group as SVP from 2017 to 2024, after leading its RF and microwave business from the 2014 Hittite dealsrc
- Moved from Littelfuse's board to CEO in February 2025, less than two years after joining the boardsrc
- FY2025, his first year: net sales $2,386.3m (+8.9%), but a $71.7m GAAP net loss after a $301.2m goodwill impairment on the Electronics-Semiconductor unitsrc
- Closed the Basler Electric acquisition on 2025-12-11 for $350.3m net of cash, a grid, utility and data-center protection business with about $130m of annualised salessrc
- 2025 bonus paid at 154.8% of target: AIP sales $2,383m against a $2,265m target, AIP EPS $10.69 against $10.05, operating cash flow $434m against $380msrc
Education
Background
- Family The appointment 8-K states he has no family relationship to the company or to any of its directors or executive officers, and no Item 404(a) related-party transactionssrc
- Boards Littelfuse director since May 2023. Sat on the Compensation Committee until 2025-01-10, when he was removed ahead of his appointment as CEOsrc
- Other Engineer by training. The search summary credits him with seven patents in wireless communications and semiconductor technology and more than 20 conference and journal paperssrc
- Other The only current NEO with an employment letter: $1.0m salary, 125% target bonus, a sign-on PSU with a $7m target value on relative TSR against the Russell 3000 (max 250% at the 90th percentile), and a 3x change-of-control multiplesrc
The promise ledger
No promise on the record yet: the research routine has not scored this company's guidance.
Sources
11- Filing Littelfuse DEF 14A (accession 0001140361-26-009256) · 2026-03-12
- Filing Littelfuse 10-K for fiscal 2025, year ended 2025-12-27 (0001628280-26-009585) · 2026-02-19
- Filing Littelfuse 8-K Item 5.02, Heinzmann retirement and Henderson appointment as CEO (0001140361-25-000873) · 2025-01-13
- Filing Littelfuse press release, Exhibit 99.1 to the 2025-01-13 8-K (CEO retirement and leadership transition) · 2025-01-13
- Filing Littelfuse 8-K Item 5.02, appointment of Dr. Greg Henderson to the board (0000889331-23-000104) · 2023-05-15
- Filing Littelfuse 8-K Items 5.02/5.07, 2026 annual meeting results (0000889331-26-000005) · 2026-04-28
- Filing Littelfuse 8-K Item 5.02, CFO Meenal Sethna separation agreement (0001140361-25-012942) · 2025-04-09
- Filing Littelfuse 8-K Item 5.02, Deepak Nayar to move to Special Advisor (0000889331-26-000012) · 2026-09-16
- Filing Form 4, Gregory N. Henderson (reporting CIK 1590599), dividend-equivalent accrual of 2026-09-03 (0001590599-26-000012) · 2026-09-08
- Filing Form 4, Gregory N. Henderson, shares withheld for tax on RSU vesting 2026-04-24/25 (0001590599-26-000006) · 2026-04-28
- Web search result WebSearch summary: Analog Devices 'Executive Spotlight: Greg Henderson' (Harris 2009-2013, Hittite VP from Oct 2013, seven patents). Page itself not fetched: the proxy blocks analog.com · 2026-09-24