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...

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 the University of Minnesota and has extensive experience in the business field, particularly in leadership roles. Before joining Gentherm, he was the CEO of Bio-Techne Corporation. One interesting aspect of his tenure at Gentherm is his unique performance-based compensation model which aligns his interests with the company's growth. In 2022, he earned $1.9 million, which included a significant bonus tied to the company's financial performance. Kummeth is also quite invested in his company—his stock holdings peaked at around $170 million, showcasing his commitment to Gentherm. His approach is data-driven, focusing on metrics like revenue and EBITDA to guide business decisions.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Gentherm CEOs

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Charles Kummeth

Ex-CEO of Gentherm

Education

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

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

January 1, 1968 - 57 years ago

CEO of Gentherm for

4 years 0 months (Aug 2018 - Aug 2022)

Previous Experience

President and Chief Executive Officer of Bio-Techne Corporation

Rivals

Competitors/colleagues of Charles Kummeth

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Robert E. Rossiter

CEO of Lear Corporation

2011 Compensation

Stock

$8.88M

Salary

$1.32M

Bonus

$0.00

Other

$681.95K

Total Holdings

$23.94M

A

Mikael Bratt

CEO of Autoliv

2023 Compensation

Stock

$482.22K

Salary

$1.30M

Bonus

$0.00

Other

$594.52K

Total Holdings

$1.28M

A

Jan Carlson

CEO of Autoliv

2023 Compensation

Stock

$0.00

Salary

$1.30M

Bonus

$0.00

Other

$594.52K

Total Holdings

$175.02K

Holdings

See how much did Charles Kummeth make over time.

Charles Kummeth's holdings in Gentherm have seen significant fluctuation over the years. His stock ownership value peaked in early 2021 at about $170 million, demonstrating a strong commitment to the company. However, there was a notable decrease in mid-2022, where...

Charles Kummeth's holdings in Gentherm have seen significant fluctuation over the years. His stock ownership value peaked in early 2021 at about $170 million, demonstrating a strong commitment to the company. However, there was a notable decrease in mid-2022, where his holdings fell to around $82 million before recovering to $142 million in January 2023. This rollercoaster reflects the dynamic nature of the business and stock market, influencing his wealth tied directly to Gentherm’s performance. Kummeth's shares and their value are not just numbers; they represent his strong belief in the company’s potential and his strategic decisions aimed at driving growth in the thermal management sector.

Mar 11, 2025

T

shares

TECH @ $58.92

T

shares

THRM @ $31.69

Total Stock Sold

$18.45M

TECH

$18.45M

766,082 TECH shares

What if they kept their stock?

If Charles Kummeth didn't sell their stock, today they would have:
Extra TECH766,082 shares worth $48.37M.
This is 162.19% and $29.92M more than what they got when they sold the stock.

Charitable Transactions

TECH

9,008 shares

TECH

Recent Charitable Transactions

TECH

9,008 shares

TECH

Aug 9, 2023

Charity

Insider Trading

See recent insider trades of Charles Kummeth.

TECH

9,008 shares

TECH

Aug 9, 2023

Charity

TECH

$7.07M

TECH at $88.36/share

Jul 21, 2023

Sale

TECH

$26.73K

TECH at $83.00/share

Jun 7, 2023

Sale

TECH

$1.86M

TECH at $365.00/share

Jun 7, 2022

Sale

TECH

5,344 shares

TECH

Aug 6, 2021

Received

TECH

$5.63M

TECH at $450.48/share

Jun 17, 2021

Sale

TECH

$3.36M

TECH at $449.60/share

Jun 14, 2021

Sale

TECH

$6.88M

TECH at $344.00/share

Jan 15, 2021

Sale

TECH

$1.54M

TECH at $308.00/share

Dec 7, 2020

Sale

TECH

8,586 shares

TECH

Aug 5, 2020

Received

Compensation History

See how much did Charles Kummeth make over time.

In 2022, Charles Kummeth earned a total of $1.91 million through a mix of salary, bonuses, and other compensation. His base salary was $925,000, with the bulk of his earnings coming from a performance-based bonus of around $786,000. This bonus depends heavily on Gentherm’s financial success, including metrics like revenue and adjusted EBITDA. The compensation strategy at Gentherm is designed to motivate executives to meet key performance indicators, ensuring Kummeth’s interests align closely with those of shareholders. In previous years, his total compensation was even higher, reflecting his performance and the company’s growth trajectory. He has a proven track record of tying executive pay to performance, which resonates with the ethos of accountability and results.

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.

Other Gentherm CEOs

Here are other CEOs of Gentherm

Kenneth Washington

Ex-CEO of Gentherm

October 2023 - January 2025