Parag Agarwal
About Parag Agarwal
Parag Agarwal serves as the Vice President of Corporate Development (M&A) and Investor Relations at ON Semiconductor, where he has worked since 2013. He has a background in finance and engineering, holding an MBA from the University of Minnesota and a Bachelor of Engineering in Computer Science from M.S. University.
Work at Onsemi
Parag Agarwal has served as Vice President of Corporate Development (M&A) and Investor Relations at ON Semiconductor since 2013. In this role, he has been instrumental in shaping the company's capital structure strategy. Agarwal has led the execution of mergers and acquisitions transactions valued at over $4 billion, overseeing all aspects from sourcing to negotiations and due diligence. His efforts have contributed to significant price appreciation and expansion in valuation multiples for ON Semiconductor's stock by effectively repositioning the company's value proposition and engaging with investors.
Education and Expertise
Agarwal holds a Master of Business Administration from the University of Minnesota - Carlson School of Management, where he studied from 2001 to 2003. He also earned a Bachelor of Engineering in Computer Science from M.S. University. His educational background provides a strong foundation for his expertise in corporate development, mergers and acquisitions, and investor relations within the semiconductor industry.
Background
Before joining ON Semiconductor, Agarwal gained extensive experience in the financial sector. He worked as a Senior Research Associate at Piper Jaffray & Co, focusing on semiconductors and enterprise hardware from 2003 to 2006. He then served as Director and Senior Research Analyst at UBS from 2007 to 2012, specializing in US semiconductors research. His career also includes roles at Jefferies & Co and Topeka Capital Markets, where he provided insights into semiconductor equity research.
Achievements
At ON Semiconductor, Agarwal identified key factors behind the company's depressed stock valuation through detailed financial and strategic analysis. His strategic actions led to subsequent stock appreciation. He also advised on capital deployment, transitioning the company to a new value-enhancing framework based on free cash flow and Economic Value Added (EVA) for evaluating capital deployment. These contributions have had a significant impact on the company's financial performance.