Sundar PichaiSundar Pichai earned $164M in 2023
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David Gitlin

CEO of Carrier Global

Education

Bachelor's degree in Mechanical Engineering from the University of Maryland and an MBA from Harvard Business School.

Field of Expertise

Technology & Engineering - Engineering

Born

January 1, 1976 - 49 years ago

Economy Sector

Industrials

Current Tenure

4 years 10 months (Apr 2020 - Present)

Previous Experience

Prior to joining Carrier, Mr. Gitlin held various roles at United Technologies Corporation, including leading the aerospace systems division.

David Gitlin is the Chief Executive Officer of Carrier Global Corporation, where he's leading a major transformation of the company. Under his watch, Carrier has acquired Viessmann Climate Solutions for about $13 billion and divested its Fire & Security and...

Year

2023

Total Compensation

$5.64M

Salary

$1.39M

Board Justification

The compensation philosophy emphasizes alignment with long-term performance and shareholder value, with a significant portion of compensation being at-risk and tied to performance metrics.

Bonus

$3.50M

Board Justification

The annual bonus is based on the achievement of corporate, segment, and individual performance objectives, with a final payout factor of 143.0% for 2023.

Other

$746.64K

Board Justification

Other compensation includes personal use of corporate aircraft, insurance premiums, contributions to retirement plans, financial planning, health benefits, and executive physical costs.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2023 as the focus is on performance-based awards that vest over a longer period.

Performance Metrics

The performance metrics include sales growth, adjusted operating profit, and free cash flow, which are critical for determining annual bonuses.