David E. Berges is the former CEO and Chairman of Hexcel Corporation, a company specializing in advanced composite materials. He has a Bachelor's degree in Business Administration from the University of Michigan. Berges took the reins at Hexcel in 2001 after joining from the composites arm of Ciba-Geigy. Under his leadership, he aimed to fine-tune the company's operational performance, focusing on metrics like EBIT and cash flow. He led the company through several strategic transitions, notably taking on the additional role of President in 2009, which speaks to his commitment to the company during periods of change. A key part of his compensation included performance-based bonuses, which peaked at over $9 million in 2013. He has also been known for his significant stock options, holding a notable 825,000 shares with additional restricted stock awards. David's practical strategies and data-driven decision-making have helped shape Hexcel into a leaders in the aerospace sector.

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David E. Berges

Ex-CEO of Hexcel

Education

Bachelor's degree in Business Administration from University of Michigan

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

May 1, 1954 - 71 years ago

CEO of Hexcel for

6 years 3 months (May 2007 - Aug 2013)

Previous Experience

President and Chief Executive Officer of Hexcel Corporation

Rivals

Competitors/colleagues of David E. Berges

David C. Adams

CEO of Curtiss-Wright

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$0.00

Other

$0.00

Total Holdings

$16.02M

John L. Plueger

CEO of Air Lease

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$2.21M

Other

$310.03K

Total Holdings

$41.27M

Lynn M. Bamford

CEO of Curtiss-Wright

2023 Compensation

Stock

$1.33M

Salary

$989.23K

Bonus

$0.00

Other

$44.14K

Total Holdings

$8.63M

Kevin Stein

CEO of TransDigm Group

2022 Compensation

Stock

$34.11M

Salary

$1.27M

Bonus

$376.38K

Other

$2.69M

Total Holdings

$165.69M

John M. Holmes

CEO of AAR Corp

2023 Compensation

Stock

$818.11K

Salary

$1.05M

Bonus

$2.24M

Other

$482.26K

Total Holdings

$23.49M

John C. Plant

CEO of Howmet Aerospace

2020 Compensation

Stock

$37.35M

Salary

$1.60M

Bonus

$0.00

Other

$140.00K

Total Holdings

$480.78M

Holdings

See how much did David E. Berges make over time.

At Hexcel, David E. Berges' stock holdings have been notable. By 2013, his compensation package included options that allowed him to purchase up to 825,000 shares at $10.50 each. His total stock options valued significantly as the company grew, demonstrating both his investment and confidence in Hexcel's future. Over the years, his stock holdings have fluctuated, but he has maintained a healthy stake in the company throughout his tenure, tying his success to Hexcel's performance. By 2011, he had vested options worth over $3 million, highlighting substantial growth in his compensation linked to the company’s growth trajectory. As of his departure in 2013, his holdings and stock options positioned him well financially, reflecting his integral role in Hexcel's progress over the years.

Total Stock Sold

$9.93M

HXL

$9.93M

475,675 HXL shares

What if they kept their stock?

If David E. Berges didn't sell their stock, today they would have:
Extra HXL475,675 shares worth $13.19M.
This is 32.79% and $3.26M more than what they got when they sold the stock.

Charitable Transactions

HXL

115,497 shares

HXL

Recent Charitable Transactions

HXL

51,110 shares

HXL

Dec 22, 2011

Charity

HXL

9,887 shares

HXL

Nov 17, 2011

Charity

HXL

37,000 shares

HXL

Nov 7, 2011

Charity

HXL

17,500 shares

HXL

Jun 9, 2010

Charity

Insider Trading

See recent insider trades of David E. Berges.

HXL

$882.18K

HXL at $24.29/share

Nov 12, 2012

Sale

HXL

$918.21K

HXL at $25.29/share

Oct 31, 2012

Sale

HXL

51,110 shares

HXL

Dec 22, 2011

Charity

HXL

51,110 shares

HXL

Dec 22, 2011

Charity

HXL

9,887 shares

HXL

Nov 17, 2011

Charity

HXL

9,887 shares

HXL

Nov 17, 2011

Charity

HXL

37,000 shares

HXL

Nov 7, 2011

Charity

HXL

$1.80M

HXL at $22.32/share

Jul 11, 2011

Sale

HXL

$1.54M

HXL at $19.09/share

Jun 10, 2011

Sale

HXL

$1.76M

HXL at $21.80/share

May 10, 2011

Sale

Compensation History

See how much did David E. Berges make over time.

David E. Berges' compensation at Hexcel saw substantial growth during his tenure. In 2013 alone, he earned nearly $9.8 million, which included a base salary that reached over $1 million. His bonuses were heavily tied to performance measurements, which is a hallmark of executive compensation in successful firms. Notably, in previous years, his bonus payouts reflected strong company performance, peaking at over $2 million in 2012. The structure of his pay was designed to motivate and align his interests with those of the shareholders, focusing largely on cash and operational success rather than long-term stock awards. This approach underscored a pragmatic stance towards leadership, favoring short-term achievements that could effectively drive long-term results for Hexcel.

Year

2013

Total Compensation

$2.17M

Salary

$1.02M

Board Justification

To attract, retain and motivate a high caliber of executive talent while ensuring that a significant portion of total target compensation is variable compensation based on company performance.

Bonus

$1.00M

Board Justification

Transition performance bonus of $1,000,000, payable in January 2014 upon the achievement of certain objectives set by the compensation committee to ensure the orderly transition of leadership to Mr. Stanage.

Other

$143.67K

Board Justification

Includes contributions to 401(k) retirement savings plan, cash in lieu of 401(k) contributions on earnings exceeding ERISA limits, premiums for life and long-term disability insurance, and other allowances.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2013 as the focus was on cash and performance-based compensation for the year.

Performance Metrics

Performance was measured against three metrics: Adjusted EBIT, Cash from Operating Activities, and Adjusted Diluted Earnings per Share, with each component given equal weight.

Other Hexcel CEOs

Here are other CEOs of Hexcel

Nick L. Stanage

Ex-CEO of Hexcel

August 2013 - June 2020