Littelfuse Executive Deepak Nayar Will Retire
Deepak Nayar will step down as senior vice president at the Chicago-based company by the end of 2027.
Updated on Sept. 21, 2026 in People
Deepak Nayar will retire from his role as Senior Vice President and General Manager at Littelfuse by the end of 2027 after more than two decades with the firm. He will transition into a position as Special Advisor to the CEO prior to his departure.
Why it matters
The leadership change marks a long-term transition for the Chicago-based company as it shifts oversight of its Electronics and Semiconductor segments under a unified structure.
Deepak Nayar concludes a tenure of over 20 years at Littelfuse, while his successor, Dr. Karim Hamed, brings experience from his previous role as Corporate Vice President at Analog Devices.
The players
Deepak Nayar
He is the outgoing Senior Vice President and General Manager at Littelfuse who will serve as Special Advisor to the CEO before retiring.
Dr. Karim Hamed
He is the incoming Senior Vice President and General Manager who previously served as Corporate Vice President at Analog Devices.
Littelfuse
This Chicago-based global manufacturer produces industrial technologies and electronic components.
The details
Dr. Karim Hamed, who joined the company in 2025, will take over the role of Senior Vice President and General Manager of the CCDI Market & Electronics Segment starting January 1, 2027. Hamed is set to oversee a newly unified leadership structure that integrates the company's Electronics and Semiconductor business units.
Timeline
Dr. Karim Hamed joined Littelfuse in 2025.
Dr. Karim Hamed will assume his new leadership role on January 1, 2027.
Deepak Nayar will retire from the company at the end of 2027.
Market Landscape
This leadership transition follows a pattern set by the corporate succession planning standards defined by the National Association of Corporate Directors regarding planned leadership exits. The move enables the firm to consolidate its Electronics and Semiconductor units to better compete in the global components sector.
Customers and partners of the company should expect a unified leadership approach for the Electronics and Semiconductor segments starting in 2027. The shift aims to streamline organizational operations under the new management structure.
The takeaway
Planned retirement transitions allow companies to maintain continuity by utilizing departing executives as strategic advisors. This approach preserves institutional knowledge while providing incoming leaders the time to integrate separate business units.
Further reading
Learn more about local business moves in the Chicago People section.
Source note: This article includes information reported by Tedmag.
