Nabeel Gareeb, MEMC Electronic Materials
Topping the list of highest paid CEOs is 43-year-old Nabeel Gareeb of Pakistani origin, CEO of chipmaker MEMC Electronic Materials since April 2002 with a total compensation package of $79.6 million.
Gareeb joined MEMC as CEO in April 2002. Gareeb’s appointment came after Texas Pacific Group purchased the company from its German owners in 2001 and recapitalised the business.
Prior to joining MEMC, Gareeb was the Chief Operating Officer of International Rectifier Corporation, a leading supplier of power semiconductors, where he was responsible for worldwide operations, research and development and marketing.
He joined International Rectifier in 1992 as Vice President of Manufacturing and subsequently held other senior management positions. Gareeb immigrated to US from Pakistan more than 25 years ago. He holds an MSc in engineering management, and a Bachelors in electrical and electronic engineering.