Belgacem Chariag served as the CEO and President of Ecovyst Inc. from August 2018 until April 2022. He managed the company's transition during a challenging period, having taken over from a long-serving executive. Prior to joining Ecovyst, he was with...

Belgacem Chariag served as the CEO and President of Ecovyst Inc. from August 2018 until April 2022. He managed the company's transition during a challenging period, having taken over from a long-serving executive. Prior to joining Ecovyst, he was with Baker Hughes, where he held important roles such as President of Global Operations. He has a robust background in managing operations and driving efficiency in the oil and gas sector, reflecting a career dedicated to leadership. His tenure at Ecovyst included a compensation package peaked at $2.56 million in 2022, before being terminated without cause. Chariag is regarded for his strategic vision and was involved in significant financial performance improvements, showcasing his capability to steer companies toward growth. Despite the abrupt end to his term, his impact on the company is a mix of achievements and adjustments during a pivotal time.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Ecovyst CEOs

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Belgacem Chariag

Ex-CEO of Ecovyst

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Basic Materials

Born

January 1, 1966 - 59 years ago

CEO of Ecovyst for

3 years 8 months (Aug 2018 - Apr 2022)

Previous Experience

President, Global Operations at Baker Hughes Incorporated

Rivals

Competitors/colleagues of Belgacem Chariag

Holdings

See how much did Belgacem Chariag make over time.

During his time as CEO, Chariag's stock holdings fluctuated significantly. In 2021, he had up to 142,765 performance share units (PSUs) granted but saw these impact compared to market performance and company decisions. By 2022, he experienced a sharp decline...

During his time as CEO, Chariag's stock holdings fluctuated significantly. In 2021, he had up to 142,765 performance share units (PSUs) granted but saw these impact compared to market performance and company decisions. By 2022, he experienced a sharp decline in his stake's value following his termination, with no vested units reported at the time. Chariag once held a significant position within the company's stock, but after the changes in leadership, a considerable part of his net worth shifted away from equity compensation. The changes in his holdings illustrate the volatility executive fortunes can take during times of corporate restructuring and leadership change.

No data yet.

Insider Trading

See recent insider trades of Belgacem Chariag.

No insider trades found for this CEO.

Compensation History

See how much did Belgacem Chariag make over time.

Belgacem Chariag's compensation saw notable changes throughout his tenure. In 2019, he earned a total of about $5.46 million after joining Ecovyst, primarily from a hefty bonus and stock awards. His compensation peaked at $2.56 million in 2022, which consisted of a high salary but little bonus. His package included a consistent salary of $880,000 yearly but came into scrutiny after his abrupt departure from the company. The compensation structure aimed to motivate performance but did not translate effectively into a long-term relationship, as seen in the severance arrangements that followed his exit. Chariag's payout reflects both his leadership successes and the inherent risks involved in executive roles.

Year

2022

Total Compensation

$2.57M

Salary

$320.00K

Board Justification

The compensation philosophy aims to align executive compensation with company performance and market competitiveness, focusing on retention and motivation of key executives.

Bonus

$0.00

Board Justification

Mr. Chariag’s employment was terminated without cause by our Board of Directors on April 25, 2022. He is entitled to a pro rata amount of the annual incentive bonus earned for fiscal year 2022 based on the number of days employed in 2022.

Other

$2.25M

Board Justification

Includes severance payments and other benefits as per the separation agreement.

Restricted Stock

$0.00(0 RSU)

Board Justification

All RSUs were forfeited upon termination of employment.

Performance Metrics

The performance metrics for determining compensation included Adjusted EBITDA, Adjusted Free Cash Flow, safety goals, and environmental releases.

Other Ecovyst CEOs

Here are other CEOs of Ecovyst

Kurt J. Bitting

CEO of Ecovyst

April 2022 - Present