Brett A. Cope is the current CEO and Chairman of Powell Industries, a company he joined in 2011. Brett has a Bachelor’s degree in Applied Science from Miami University of Ohio, and his background lies in engineering and sales. Before...

Brett A. Cope is the current CEO and Chairman of Powell Industries, a company he joined in 2011. Brett has a Bachelor’s degree in Applied Science from Miami University of Ohio, and his background lies in engineering and sales. Before becoming CEO, he held several roles at Powell, including Senior Vice President and Chief Operating Officer, showcasing his rise through the ranks. Under his leadership, the company has seen impressive financial achievements, with his total compensation for 2023 being about $2.9 million mainly tied to performance metrics like EBITDA. Brett's experience extends back 20 years at ABB Ltd, where he managed global accounts, particularly with ExxonMobil. This deep industry knowledge enables him to steer Powell Industries effectively.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Powell Industries CEOs

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Brett A. Cope

CEO of Powell Industries

Education

Bachelor's degree in Applied Science from Miami University of Ohio

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Industrials

CEO of Powell Industries for

8 years 7 months (Oct 2016 - Present)

Previous Experience

20 years at ABB, an international provider of power and automation products

Rivals

Competitors/colleagues of Brett A. Cope

Holdings

See how much did Brett A. Cope make over time.

Brett holds a sizable investment in Powell Industries through restricted stock. He has seen fluctuations in his stock holdings values, peaking significantly from early 2023 where values approached $13.7 million. His insider trading activity shows that he consistently engaged in...

Brett holds a sizable investment in Powell Industries through restricted stock. He has seen fluctuations in his stock holdings values, peaking significantly from early 2023 where values approached $13.7 million. His insider trading activity shows that he consistently engaged in buying and selling stock, with the largest transactions in late 2023 reportedly reaching $23 million in a single month. This trading pattern indicates a strategic approach to managing his wealth while aligning with the company's performance.

Total Stock Sold

$1.76M

POWL

$1.76M

11,000 POWL shares

What if they kept their stock?

If Brett A. Cope didn't sell their stock, today they would have:
Extra POWL11,000 shares worth $264.88K.
This is -84.96% and $1.50M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Brett A. Cope.

POWL

$4.83M

POWL at $271.46/share

Dec 2, 2024

Received

POWL

$564.63K

POWL at $182.14/share

Sep 30, 2024

Received

POWL

$467.42K

POWL at $169.97/share

Sep 13, 2024

Sale

POWL

$448.28K

POWL at $163.01/share

Aug 9, 2024

Sale

POWL

$392.41K

POWL at $142.70/share

Jul 12, 2024

Sale

POWL

$462.48K

POWL at $168.17/share

Jun 14, 2024

Sale

POWL

$1.63M

POWL at $80.13/share

Nov 29, 2023

Received

POWL

6,100 shares

POWL

Sep 29, 2023

Received

POWL

4,300 shares

POWL

Dec 2, 2022

Received

POWL

21,700 shares

POWL

Oct 1, 2022

Received

Compensation History

See how much did Brett A. Cope make over time.

In 2023, Brett's total compensation reached about $2.9 million, which included a base salary of $540,800 and significant performance-based bonuses tied to the company's success. He received 21,700 performance-vesting restricted stock units worth over $1.7 million at vesting. His compensation plan is designed to motivate him to align closely with shareholder interests through these performance metrics. This model encourages him to drive the company's profitability and maintain a healthy balance sheet, focusing on EBITDA and working capital as primary performance indicators.

Year

2023

Total Compensation

$2.40M

Salary

$540.80K

Board Justification

The compensation philosophy aims to attract and retain critical executive talent, motivate behaviors that align with stockholders’ interests, and pay for performance, with a significant portion of pay being variable and contingent on performance.

Bonus

$0.00

Board Justification

The bonus is based on the company's performance metrics, specifically EBITDA and Working Capital, with a performance multiplier of 200% for exceeding targets in fiscal 2023.

Other

$57.92K

Board Justification

Includes matching contributions to the 401(k) plan, automobile allowance, executive physical allowance, and supplemental executive life and disability insurance.

Restricted Stock

$1.80M(21.7K RSU)

Board Justification

Performance-vesting restricted stock units granted on October 1, 2022, vesting based on the company's achievement of EBITDA and safety performance objectives over a three-year period ending September 30, 2025.

Performance Metrics

The performance metrics for fiscal 2023 included EBITDA and Working Capital, with actual performance exceeding established goals.

Other Powell Industries CEOs

Here are other CEOs of Powell Industries

Thomas W. Powell

Ex-CEO of Powell Industries

September 2011 - October 2016