Sun Micro Chip Chief Steps Down – David Yen Might Go To Juniper Networks
The head of Sun Microsystems’ chip division has stepped down and, having cashed in the last payment of a rich retention agreement, is reportedly jumping ship. David Yen, the executive vice president that manages Sun’s microelectronics division, resigned from his post last Friday, according to a one-sentence regulatory filing issued by Sun on Tuesday.
According to a report in the online tech news site The Register, Yen is heading to Juniper Networks for an undisclosed role to be announced on April 7. Yen is a 20-year Sun veteran, and among its most valued, to judge by the company’s payscale. According to Sun’s most recent proxy filing, Yen ranked among the top five Sun employees by compensation in 2007 with a salary of $590,000, excluding stock options and stock awards, as well as a $250,000 bonus. The bonus was the final installment of three equal-sized, annual bonuses conferred to Yen in a 2005 retention agreement.
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