Entegris (ENTG) sets interim CFO Michael Sauer, outlines Linda LaGorga separation package
Rhea-AI Filing Summary
Entegris, Inc. announced a planned transition in its finance leadership. Michael Sauer, the company’s longtime Vice President, Controller & Chief Accounting Officer, will become Interim Chief Financial Officer and principal financial officer effective March 1, 2026, while continuing in his current role. Sauer has held senior finance and accounting positions with Entegris and its predecessors since 1988.
In the interim CFO role, Sauer’s annual base salary will be set at $400,000, his 2026 long-term incentive target will increase to $300,000, and he will receive time-based restricted stock units valued at $300,000 that vest over two years as a special retention award. Current CFO Linda LaGorga will step down from the CFO and principal financial officer roles effective February 28, 2026, and serve as Senior Advisor through May 15, 2026. Her transition is stated not to result from any disagreement on financial statements, controls, operations, policies, or practices. Under a Separation Agreement, she will continue her base salary through the separation date, remain eligible for short-term incentive payments for 2025 and 2026 if earned, receive $280,000 upon separation contingent on her transition and cooperation obligations, and a severance payment consistent with her offer letter.
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Insights
Entegris discloses an orderly CFO transition with defined interim leadership and structured separation terms.
The company is moving from CFO Linda LaGorga to interim CFO Michael Sauer on a set timetable, with Sauer assuming the role on
Sauer’s compensation adjustments for the interim CFO role include a
FAQ
What leadership change did Entegris (ENTG) announce in its finance organization?
Entegris announced that Michael Sauer, currently Vice President, Controller & Chief Accounting Officer, will become Interim Chief Financial Officer and principal financial officer effective March 1, 2026. He will also continue in his existing role.
What experience does Michael Sauer bring to the Interim CFO role at Entegris (ENTG)?
Michael Sauer has served as Entegris’ Vice President, Controller & Chief Accounting Officer since June 2012, previously worked as Corporate Controller starting in 2008, led Treasury and Risk Management after the Mykrolis merger, and has held various finance and accounting roles with Entegris’ predecessors since 1988.
How will Michael Sauer be compensated as Interim CFO of Entegris (ENTG)?
As Interim CFO, Sauer will receive an annual base salary of $400,000, a $300,000 long-term incentive target for 2026 awards, and a special retention award of time-based restricted stock units valued at $300,000, vesting ratably over two years.
When will Linda LaGorga step down as CFO of Entegris (ENTG) and what will her role be afterward?
Effective February 28, 2026, Linda LaGorga will cease serving as Chief Financial Officer and principal financial officer and will serve as a Senior Advisor through May 15, 2026, her separation date.
Is Linda LaGorga’s departure from Entegris (ENTG) related to any financial reporting disagreements?
The company states that LaGorga’s transition and separation are not the result of any disagreement with Entegris on matters related to financial statements, internal control over financial reporting, operations, policies, or practices.
What key financial terms are included in Linda LaGorga’s Separation Agreement with Entegris (ENTG)?
Under the Separation Agreement, LaGorga will continue her current base salary until her separation date, remain eligible for 2025 and 2026 short-term incentive plan payments if earned, receive $280,000 upon separation contingent on transition and cooperation obligations, and receive a severance payment consistent with her April 1, 2023 offer letter. Her outstanding equity awards will be treated according to their existing award agreements.
