On January 22, 2021, Bernard Gutmann informed the President and Chief Executive Officer of ON Semiconductor Corporation (the ‘Corporation’) that he intends to retire as Chief Financial Officer of the Corporation, effective as of February 16, 2021 immediately following the filing by the Corporation of its Annual Report on Form 10-K with the Securities and Exchange Commission. Mr. Gutmann has served the Corporation for over twenty years, including as the Corporation’s and SCILLC’s Chief Financial Officer since September 2012. In connection with Mr. Gutmann’s retirement, on January 24, 2021, the Board of Directors (the ‘Board’) of the Corporation approved the appointment of Thad Trent as Chief Financial Officer of the Corporation, effective as of February 16, 2021 immediately following the filing by the Corporation of its Annual Report on Form 10-K with the Securities and Exchange Commission. Mr. Trent, age 53, previously served as the chief financial officer and executive vice president of finance & administration at Cypress Semiconductor Corporation (‘Cypress’) between June 2014 and April 2020.