Sundar PichaiSundar Pichai earned $164M in 2023
G

Charles Kummeth

Ex-CEO of Gentherm

Education

Bachelor's degree in Business Administration from the University of Minnesota

Field of Expertise

Business & Management

Born

January 1, 1968 - 57 years ago

Economy Sector

Consumer Cyclical

Tenure

4 years 0 months (Aug 2018 - Aug 2022)

Previous Experience

President and Chief Executive Officer of Bio-Techne Corporation

Charles Kummeth is the CEO of Gentherm, a company specializing in thermal management technologies. He has been leading the company since August 2018 after being appointed to the Board of Directors. Kummeth holds a Bachelor's degree in Business Administration from...

Year

2022

Total Compensation

$1.92M

Salary

$925.00K

Board Justification

The compensation program is designed to attract, motivate, and retain qualified executives, providing incentives to achieve or exceed the Company’s annual operational, financial and strategic goals.

Bonus

$786.25K

Board Justification

Based on the achievement of financial performance metrics for the full year, including Adjusted EBITDA and Revenue, with a maximum payout of 200% of target bonus.

Other

$205.73K

Board Justification

Includes contributions to the Deferred Compensation Plan, retirement matching, automobile allowance, and other benefits.

Restricted Stock

$0.00(0 PSUs and RSUs)

Board Justification

No stock grants vested in 2022 as the focus was on performance-based compensation.

Performance Metrics

The performance metrics for the CEO's compensation in 2022 were based on Adjusted EBITDA and Revenue.