Allegro MicroSystems, Inc. announced that its President Ravi Vig, is retiring. Mr. Vig, will retire, effective June 13, 2022, from his roles as President, and a member of the board of directors, which he has held since 2016 after joining the Company in 1984. Mr. Vig will continue to support the leadership transition and serve in an advisory role to the Company for the next 6 months.After an extensive search, the board of directors has appointed Vineet Nargolwala as President and a member of the board of directors, effective June 13, 2022.

Prior to joining Allegro, Mr. Nargolwala previously served as Executive Vice President of Sensing Solutions at Sensata Technologies, a leading industrial technology company that develops sensors and sensor-based solutions for the automotive, heavy vehicle and off-road, industrial, and aerospace industries. He joined Sensata in 2013 and held various global executive positions. Prior to Sensata, he was with Honeywell International Inc. for over nine years in business strategy and P&L leadership roles of increasing responsibility.

Prior to Honeywell, Mr. Nargolwala was at Nortel Networks in product management and engineering roles.