David W. Heard is the Chief Executive Officer of Infinera Corporation, taking the reins in August 2020 after serving as the company’s Chief Operating Officer since 2018. He has a solid background in management, with an MBA from the University...

David W. Heard is the Chief Executive Officer of Infinera Corporation, taking the reins in August 2020 after serving as the company’s Chief Operating Officer since 2018. He has a solid background in management, with an MBA from the University of Dayton, and experience leading diverse teams in tech companies. David has held key roles at organizations like JDS Uniphase and BigBand Networks. His leadership style emphasizes performance and alignment with shareholder interests, as seen in his compensation structure which includes bonuses based on company performance metrics like non-GAAP Operating Income. In 2023, his total compensation was about $1.54 million, largely driven by a significant bonus based on the company's operational success. Under his guidance, Infinera is focused on advancing technology in the optical networking space, navigating the challenges of a competitive market while pushing for innovation in their offerings. David is known for his strategic approach to enhancing profitability and driving the company's growth.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Infinera Corporation CEOs

I

David W. Heard

CEO of Infinera Corporation

Education

MBA from the University of Dayton

Field of Expertise

Business & Management

Sector of Economy

Technology

Born

January 1, 1968 - 57 years ago

CEO of Infinera Corporation for

4 years 11 months (Aug 2020 - Present)

Previous Experience

Chief Operating Officer of Infinera Corporation, General Manager at JDS Uniphase

Rivals

Competitors/colleagues of David W. Heard

Holdings

See how much did David W. Heard make over time.

As the CEO of Infinera Corporation, David W. Heard has significantly built his equity participation in the company. At the end of 2022, he held numerous stock awards, including options that can yield substantial returns based on performance benchmarks. For...

As the CEO of Infinera Corporation, David W. Heard has significantly built his equity participation in the company. At the end of 2022, he held numerous stock awards, including options that can yield substantial returns based on performance benchmarks. For example, his performance shares granted in March 2021 could ultimately reward him if the company meets its operating income goals. Back in 2021, his wealth saw a spike, especially during the vesting of 511,874 shares which realized over $4.35 million in value. The fluctuations of his holdings reflect his commitment to Infinera's success, coupled with the potential for significant growth as the company expands its technological capabilities in the optical networking industry.

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Insider Trading

See recent insider trades of David W. Heard.

No insider trades found for this CEO.

Compensation History

See how much did David W. Heard make over time.

In 2023, David W. Heard's total compensation as CEO of Infinera Corporation amounted to approximately $1.54 million. This figure includes a base salary of $758,000 and a bonus of $791,163, which was determined by the company’s non-GAAP Operating Income performance. His compensation strategy effectively ties his pay to the company’s financial results, promoting a performance-oriented culture. This follows a trend over recent years where his compensation has varied significantly, reflecting his leadership during varying market conditions. In 2022, for example, he received around $6.26 million in total, which indicates that he is well-aligned with the company’s financial health and shareholder interests. David's approach to compensation highlights a commitment to merging executive pay with the operational success of Infinera, thus motivating a focused effort towards profitability and growth.

Year

2023

Total Compensation

$1.55M

Salary

$758.00K

Board Justification

The compensation philosophy emphasizes a pay-for-performance approach, aligning executive compensation with the company's financial performance and stockholder interests.

Bonus

$791.16K

Board Justification

The bonus is based on the company's non-GAAP Operating Income achievement for fiscal 2023, which was funded at 83.5% of target due to overall performance considerations.

Other

$0.00

Board Justification

No additional compensation reported outside of salary, bonus, and stock awards.

Restricted Stock

$0.00(0 Performance Shares)

Board Justification

No performance shares granted in 2022 and 2023 became eligible to vest based on performance during 2023; however, 69.6% of the performance shares granted in 2021 became eligible to vest in 2024 based on performance during 2023.

Performance Metrics

The primary performance metric for the bonus was non-GAAP Operating Income, with a target set at $98.3 million for fiscal 2023.

Other Infinera Corporation CEOs

Here are other CEOs of Infinera Corporation

Thomas J. Fallon

Ex-CEO of Infinera Corporation

December 2009 - August 2020