David Laurello became the President of SMART Global Holdings, Inc. in June 2023, succeeding Thierry Pellegrino. He has a solid background in technology, holding an MBA from a prestigious business school. Before joining SMART, he was the CEO of Stratus...

David Laurello became the President of SMART Global Holdings, Inc. in June 2023, succeeding Thierry Pellegrino. He has a solid background in technology, holding an MBA from a prestigious business school. Before joining SMART, he was the CEO of Stratus Technologies for over two decades, a company that SMART acquired in 2022. This experience gives him a deep understanding of tech and operations. Under his leadership, Stratus consistently hit performance targets, which reflects his strong focus on results. His approach to business emphasizes achieving clear metrics, which is evident in the bonuses he earned linked to performance outcomes at Stratus. Recently, his insider trading activity showed significant stock fluctuations, indicating his strong belief in the company's future. In 2023, he earned nearly $1.9 million, primarily through a generous bonus system tied to company performance. David is known for his leadership style, focusing on both financial targets and sustainable growth.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other SMART Global Holdings, Inc. CEOs

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David Laurello

CEO of SMART Global Holdings, Inc.

Education

MBA from a leading business school

Field of Expertise

Technology & Engineering - Technology

Sector of Economy

Technology

Born

January 1, 1978 - 47 years ago

CEO of SMART Global Holdings, Inc. for

1 year 9 months (Jun 2023 - Present)

Previous Experience

Senior Vice President at other technology companies.

Rivals

Competitors/colleagues of David Laurello

Holdings

See how much did David Laurello make over time.

David Laurello’s stock holdings in SMART Global Holdings have seen significant changes recently. Starting at about $1.25 million in October 2023, his stock value rose steadily, reaching approximately $2.22 million by July 2024. This increase shows his confidence in the...

David Laurello’s stock holdings in SMART Global Holdings have seen significant changes recently. Starting at about $1.25 million in October 2023, his stock value rose steadily, reaching approximately $2.22 million by July 2024. This increase shows his confidence in the company's potential. His holdings are mainly linked to his work at Stratus Technologies, which was acquired by SMART. As the company's President, he has vested stock rewards tied to performance milestones. These fluctuations in his stock value highlight not only the company's growth potential but also Laurello's strategic decisions that impact the stock's performance.

Insider Trading

See recent insider trades of David Laurello.

No insider trades found for this CEO.

Compensation History

See how much did David Laurello make over time.

In 2023, David Laurello's total compensation was around $1.9 million. His base salary was $566,500, but the majority of his pay came from bonuses. He secured a substantial $1.4 million bonus due to strong performance at Stratus before its acquisition. This bonus system is designed to reward executives based on company performance and has significant incentives built-in. His compensation is reflective of SMART's philosophy, aligning leadership pay with company success to attract and retain top talent. It's an interesting setup where his continuous employment and performance directly affect his earnings, showing a commitment to accountability in leadership.

Year

2023

Total Compensation

$1.93M

Salary

$566.50K

Board Justification

The compensation philosophy emphasizes aligning executive compensation with company performance, peer benchmarking, and retention strategies, ensuring that a significant portion of total compensation is at risk and tied to performance metrics.

Bonus

$1.36M

Board Justification

Mr. Laurello's bonus includes $846,917 earned under the Stratus bonus plan for Stratus’ fiscal 2023 and $512,966 earned under the Stratus bonus plan for the second half of SGH’s fiscal 2023.

Other

$8.48K

Board Justification

Other compensation includes $6,972 for 401(k) plan matching contributions, $1,486 for life insurance premium payments, and $17 for a tax gross-up related to the purchase of certain software.

Restricted Stock

$0.00(0 RSU)

Board Justification

Mr. Laurello received a grant of 103,600 RSUs in connection with the acquisition of Stratus on August 29, 2022, which grant vested as to 25% on October 20, 2023 and will continue to vest as to the remainder in equal quarterly installments over the following three years, subject to his continued service through each applicable vesting date.

Performance Metrics

Performance metrics for Mr. Laurello's compensation included achievement of Stratus’ performance targets related to total revenue, adjusted EBITDA, and product bookings.

Other SMART Global Holdings, Inc. CEOs

Here are other CEOs of SMART Global Holdings, Inc.

Mark Adams

Ex-CEO of SMART Global Holdings, Inc.

August 2020 - June 2023