Douglas M. Baker, Jr. has been the CEO of Ecolab Inc. since 2004 and has 35 years of experience with the company, starting in 1989. He also became the Chairman of the Board in 2006. During his time, he shifted...

Douglas M. Baker, Jr. has been the CEO of Ecolab Inc. since 2004 and has 35 years of experience with the company, starting in 1989. He also became the Chairman of the Board in 2006. During his time, he shifted Ecolab's focus towards growth in various markets like cleaning and sanitation products in healthcare and manufacturing. Baker believes that performance should drive compensation. In 2017, his total pay was over $14 million, heavily tied to the company’s success. For instance, his bonus depended on meeting defined performance measures, showing a strong link between his work and shareholder interests. Under his lead, Ecolab has developed robust governance practices that prevent risky behavior, like strict compensation review procedures and policies against stock hedging. Baker has been an influential figure, steering Ecolab through changes, and he also sits on the boards of other major companies. His long-standing experience at Ecolab and previous roles in marketing and management help him understand both the company and its challenges well.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Ecolab CEOs

E

Douglas M. Baker, Jr.

Ex-CEO of Ecolab

Education

B.A. from the University of Minnesota

Field of Expertise

Business & Management

Sector of Economy

Basic Materials

Born

September 4, 1961 - 63 years ago

CEO of Ecolab for

12 years 11 months (May 2004 - Apr 2017)

Previous Experience

President and Chief Executive Officer of Ecolab Inc.

Rivals

Competitors/colleagues of Douglas M. Baker, Jr.

P

Timothy M. Knavish

CEO of PPG Industries

2023 Compensation

Stock

$1.24M

Salary

$1.20M

Bonus

$2.21M

Other

$0.00

Total Holdings

$1.32M

A

Joseph M. Hogan

CEO of Align Technology

2022 Compensation

Stock

$3.72M

Salary

$1.29M

Bonus

$0.00

Other

$17.73K

Total Holdings

$45.19M

B

Laurence D. Fink

Founder and CEO of Blackrock

2023 Compensation

Stock

$4.03M

Salary

$1.50M

Bonus

$7.90M

Other

$1.09M

Total Holdings

$290.93M

D

Javier J. Rodriguez

CEO of DaVita

2022 Compensation

Stock

$0.00

Salary

$1.20M

Bonus

$0.00

Other

$610.78K

Total Holdings

$133.24M

I

Patrick S. Williams

CEO of Innospec

2009 Compensation

Stock

$0.00

Salary

$675.28K

Bonus

$1.05M

Other

$89.03K

Total Holdings

$17.14M

H

Patrick H. Hawkins

CEO of Hawkins

2021 Compensation

Stock

$0.00

Salary

$500.00K

Bonus

$100.00K

Other

$59.74K

Total Holdings

$35.06M

Holdings

See how much did Douglas M. Baker, Jr. make over time.

Douglas Baker holds a significant amount of Ecolab stock, which forms a major part of his wealth. This stock has seen fluctuations over the years. For instance, his holdings peaked around 2012, significantly contributing to his overall financial standing. As...

Douglas Baker holds a significant amount of Ecolab stock, which forms a major part of his wealth. This stock has seen fluctuations over the years. For instance, his holdings peaked around 2012, significantly contributing to his overall financial standing. As of recent data, his shares are valued at approximately $5 million. His stake in Ecolab aligns his interests with those of the shareholders. The company encourages its executives, including Baker, to maintain substantial ownership to ensure they are motivated to drive up share prices and company performance, creating a deeper connection with shareholders.

Total Stock Sold

$186.99M

ECL

$186.99M

973,100 ECL shares

What if they kept their stock?

If Douglas M. Baker, Jr. didn't sell their stock, today they would have:
Extra ECL973,100 shares worth $175.94M.
This is -5.91% and $11.05M less than what they got when they sold the stock.

Charitable Transactions

ECL

421,223 shares

ECL

Recent Charitable Transactions

ECL

26,316 shares

ECL

Dec 31, 2021

Charity

ECL

13,500 shares

ECL

Dec 31, 2020

Charity

ECL

19,576 shares

ECL

Jun 3, 2020

Charity

ECL

274 shares

ECL

Dec 3, 2019

Charity

ECL

20,000 shares

ECL

Mar 1, 2019

Charity

ECL

686 shares

ECL

Sep 18, 2018

Charity

Insider Trading

See recent insider trades of Douglas M. Baker, Jr..

TGT

1,148 shares

TGT

Mar 13, 2024

Received

TGT

2,056 shares

TGT

Mar 8, 2023

Received

TGT

878 shares

TGT

Mar 9, 2022

Received

ECL

34,202 shares

ECL

Feb 23, 2022

Received

ECL

26,316 shares

ECL

Dec 31, 2021

Charity

ECL

$38.74M

ECL at $223.88/share

Sep 14, 2021

Sale

TGT

1,004 shares

TGT

Mar 10, 2021

Received

ECL

38,003 shares

ECL

Feb 25, 2021

Received

ECL

13,500 shares

ECL

Dec 31, 2020

Charity

ECL

$32.75M

ECL at $221.13/share

Dec 2, 2020

Sale

Compensation History

See how much did Douglas M. Baker, Jr. make over time.

In 2017, Baker's total compensation was approximately $14.4 million, reflecting his strong performance records. This included a base salary of about $1.2 million, and a bonus based on meeting specific performance metrics, totaling around $1.8 million. His pay structure is designed to incentivize hard work and company success, balancing salary and performance-based bonuses. Despite fluctuations in yearly compensation, his focus remains on aligning executive earnings with shareholder returns, ensuring that he only gets paid well when the company does well. Ecolab's board carefully oversees his and other executives' pay to maintain fairness and transparency.

Year

2017

Total Compensation

$3.34M

Salary

$1.24M

Board Justification

The compensation philosophy is to align pay with performance, ensuring that a significant portion of the CEO's pay is performance-based, reflecting the company's long-term financial objectives and shareholder interests.

Bonus

$1.86M

Board Justification

The annual cash incentive bonus payout for the CEO was at 100% of target based on performance metrics including adjusted EPS and business unit performance.

Other

$243.61K

Board Justification

Other compensation includes perquisites such as executive physical examinations, life insurance premiums, and contributions to retirement plans.

Restricted Stock

$0.00(0 PBRSUs)

Board Justification

No stock was vested in 2017 as the focus was on performance-based restricted stock units (PBRSUs) which cliff-vest after three years.

Performance Metrics

The performance metrics included adjusted diluted earnings per share (EPS) and adjusted return on invested capital (ROIC), with a target EPS of $4.70.

Other Ecolab CEOs

Here are other CEOs of Ecolab

J. Erik Fyrwald

Ex-CEO of Ecolab

April 2017 - April 2022