Sundar PichaiSundar Pichai earned $164M in 2023
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Christopher Simon

CEO of Haemonetics

Economy Sector

Healthcare

Current Tenure

8 years 7 months (Jun 2016 - Present)

Previous Experience

Unknown

Christopher Simon is the President and CEO of Haemonetics Corporation, a role he stepped into in May 2016. Before coming to Haemonetics, he worked for over 20 years at McKinsey & Company, where he specialized in global medical products. Notably,...

Year

2023

Total Compensation

$3.26M

Salary

$1.01M

Board Justification

The compensation philosophy emphasizes a pay-for-performance culture focused on the long-term interests of shareholders, aligning executive compensation with company performance and shareholder value.

Bonus

$2.20M

Board Justification

Based on the Company’s performance against the pre-established performance goals, the overall funding level of the 2024 Bonus Plan pool was set at 178% of target funding for Named Executive Officers, resulting in an actual bonus payout of $2,200,000 for Mr. Simon.

Other

$48.60K

Board Justification

Includes matching contributions under the 401(k) savings plan and the Company paid portion of supplemental long-term disability insurance premiums.

Restricted Stock

$0.00(0 RSU)

Board Justification

No payout occurred under PSU awards previously granted to certain Named Executive Officers in May 2020, all of which were based on the Company's rTSR over a three-year performance period ending in fiscal 2024.

Performance Metrics

The performance metrics for the CEO's compensation in 2023 were based on adjusted revenue and adjusted EPS, with a weighting of 60% and 40% respectively.