Broadcom Announces CFO Retirement and Appoints Alphabet Veteran Amie Thuener as Successor
Summary
Broadcom announced the retirement of its CFO, Kirsten M. Spears, and the appointment of Amie Thuener, formerly of Alphabet Inc., as the new CFO, effective June 12, 2026.
Key Events
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CFO Retirement Announced
Kirsten M. Spears notified Broadcom Inc. of her retirement and resignation from her position as Chief Financial Officer and Chief Accounting Officer, effective June 12, 2026. She will provide consulting services until March 15, 2027, with outstanding equity awards continuing to vest.
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New CFO Appointed
Amie Thuener has been appointed to succeed Ms. Spears as Chief Financial Officer, effective June 12, 2026. Ms. Thuener previously served as Vice President, Corporate Controller and Chief Accounting Officer of Alphabet Inc. since 2018.
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New CFO Compensation Details
Ms. Thuener's compensation package includes an annual base salary of $700,000, a target annual bonus of 100% of base salary, a $1,000,000 sign-on cash bonus, and equity awards consisting of 50,000 restricted stock units (RSUs) and 50,000 performance stock units (PSUs) at target, expected to be granted on June 15, 2026.
Analysis
Broadcom Inc. is undergoing a planned transition in its Chief Financial Officer role. The retirement of long-serving CFO Kirsten M. Spears is being managed with a transition agreement, ensuring continuity. The appointment of Amie Thuener, a seasoned finance executive from Alphabet Inc., is a positive development, bringing extensive experience to the role. This change is a significant executive transition but appears well-managed for a company of Broadcom's scale.
At the time of this filing, AVGO was trading at $314.65 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $1.5T. The 52-week trading range was $138.10 to $414.61. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.