Douglas G. Del Grosso is the former CEO of Adient, a company well-known for its contributions to the automotive industry. With a solid background in engineering and business, he holds a bachelor's degree in Mechanical Engineering from Lawrence Technological University...

Douglas G. Del Grosso is the former CEO of Adient, a company well-known for its contributions to the automotive industry. With a solid background in engineering and business, he holds a bachelor's degree in Mechanical Engineering from Lawrence Technological University and an MBA from Michigan State University. Douglas took the helm at Adient on October 1, 2018, bringing extensive industry experience from previous roles at companies like Chassix, Henniges Automotive, and TRW Automotive. He led Adient through significant periods, steering the company’s focus on aligning executive compensation with both performance and shareholder interests. A notable highlight of his tenure was when he agreed to a salary reduction in 2022, which later compensated by granting him restricted stock units to enhance alignment with shareholder value. Douglas’s leadership style emphasized operational expertise and long-term growth, and he announced his retirement as CEO effective December 31, 2023, leaving behind a legacy of strategic focus and resilience in a competitive sector.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Adient CEOs

A

Douglas G. Del Grosso

Ex-CEO of Adient

Education

Bachelor's degree in Mechanical Engineering from Lawrence Technological University, MBA from Michigan State University.

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Consumer Cyclical

Born

May 3, 1967 - 57 years ago

CEO of Adient for

5 years 2 months (Oct 2018 - Dec 2023)

Previous Experience

Former CEO of Chassix, served in executive roles at TRW Automotive and Lear Corporation.

Rivals

Competitors/colleagues of Douglas G. Del Grosso

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Mary T. Barra

CEO of General Motors

2023 Compensation

Stock

$18.22M

Salary

$2.10M

Bonus

$4.20M

Other

$567.98K

Total Holdings

$56.23M

L

Robert E. Rossiter

CEO of Lear Corporation

2011 Compensation

Stock

$8.88M

Salary

$1.32M

Bonus

$0.00

Other

$681.95K

Total Holdings

$23.94M

G

Steve Downing

CEO of Gentex

2023 Compensation

Stock

$0.00

Salary

$842.69K

Bonus

$1.58M

Other

$273.91K

Total Holdings

$3.93M

A

David C. Dauch

CEO of American Axle & Manufacturing

2022 Compensation

Stock

$0.00

Salary

$1.25M

Bonus

$5.57M

Other

$1.05M

Total Holdings

$13.91M

A

Mikael Bratt

CEO of Autoliv

2023 Compensation

Stock

$482.22K

Salary

$1.30M

Bonus

$0.00

Other

$594.52K

Total Holdings

$1.28M

A

Jan Carlson

CEO of Autoliv

2023 Compensation

Stock

$0.00

Salary

$1.30M

Bonus

$0.00

Other

$594.52K

Total Holdings

$175.02K

Holdings

See how much did Douglas G. Del Grosso make over time.

During his time at Adient, Douglas G. Del Grosso's stock holdings showed notable dynamics tied to the company's performance. Initially granted a hefty one-time equity award worth around $7 million, he had significant stock awards vesting over the years. By...

During his time at Adient, Douglas G. Del Grosso's stock holdings showed notable dynamics tied to the company's performance. Initially granted a hefty one-time equity award worth around $7 million, he had significant stock awards vesting over the years. By fiscal year 2023, his vested stock was valued at approximately $17.8 million, reflecting the success of his leadership in driving shareholder value. His holdings were primarily in Adient stock, highlighting a vested interest in the company's long-term performance. However, there were fluctuations; for instance, in 2021, he reported just over $13.4 million in total compensation heavily influenced by stock performance metrics. This pattern reflects the risk-and-reward balance many executives navigate. As of 2023, although the specifics of his current holdings were less prominent, it’s clear he positioned himself as a key stakeholder in Adient’s future.

Total Stock Sold

$2.84M

ADNT

$2.84M

68,180 ADNT shares

What if they kept their stock?

If Douglas G. Del Grosso didn't sell their stock, today they would have:
Extra ADNT68,180 shares worth $739.07K.
This is -73.96% and $2.10M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Douglas G. Del Grosso.

CBT

3,576 shares

CBT

Jan 10, 2025

Received

CBT

2,035 shares

CBT

Jan 11, 2024

Received

ADNT

531,321 shares

ADNT

Nov 16, 2023

Received

ADNT

$809.82K

ADNT at $45.04/share

Mar 6, 2023

Sale

ADNT

$9.07K

ADNT at $45.33/share

Feb 8, 2023

Sale

CBT

1,854 shares

CBT

Jan 12, 2023

Received

ADNT

$2.02M

ADNT at $40.33/share

Jan 9, 2023

Sale

ADNT

361,025 shares

ADNT

Nov 17, 2022

Received

ADNT

12,810 shares

ADNT

Oct 1, 2022

Received

CBT

2,254 shares

CBT

Jan 13, 2022

Received

Compensation History

See how much did Douglas G. Del Grosso make over time.

In fiscal year 2022, Douglas G. Del Grosso earned a total compensation package of around $14.7 million, which included a base salary of $829,500 and significant stock awards. His stock awards that vested that year reached an impressive $17.8 million. This reflects Adient's strategy to align leadership compensation with performance. In fiscal 2021, his package exceeded $14.2 million, bolstered by a substantial bonus of nearly $2 million tied to company and personal performance metrics. The absence of bonuses in fiscal year 2022 showcases how performance-driven pay can fluctuate based on corporate results. His compensation structure encouraged long-term growth and was part of a broader effort to effectively support the company's initiatives.

Year

2022

Total Compensation

$18.62M

Salary

$829.50K

Board Justification

The compensation philosophy aligns executive pay with performance and shareholder interests, focusing on long-term value creation and retention of key executives.

Bonus

$0.00

Board Justification

No bonus was awarded for fiscal year 2023.

Other

$25.97K

Board Justification

Other compensation includes reimbursement for the cost of an annual executive physical.

Restricted Stock

$17.77M(518.79K RSU)

Board Justification

The value of stock awards that vested during fiscal year 2023, which includes RSUs and PSUs, based on the closing market price on the vesting date.

Performance Metrics

Performance metrics for fiscal year 2023 included Adjusted EBITDA and Free Cash Flow.

Other Adient CEOs

Here are other CEOs of Adient

Frederick A. Henderson

Ex-CEO of Adient

June 2018 - September 2018

Jerome J. Dorlack

CEO of Adient

January 2024 - Present