Sundar PichaiSundar Pichai earned $164M in 2023
M

Efraim Grinberg

CEO of Movado Group

Education

N/A

Field of Expertise

Business & Management

Born

June 1, 1958 - 66 years ago

Economy Sector

Consumer Cyclical

Current Tenure

16 years 0 months (Jan 2009 - Present)

Previous Experience

Joined Movado Group in June 1980, served in various roles including Vice President of Marketing, Senior Vice President of Marketing, President and Chief Operating Officer, and President.

Efraim Grinberg has been the CEO of Movado Group, Inc. since 2001. Under his leadership, he has navigated the company through many economic challenges, notably implementing a strong compensation philosophy focused on performance. For example, in 2014, Grinberg earned a...

Year

2014

Total Compensation

$1.26M

Salary

$1.00M

Board Justification

The compensation philosophy aims to attract, retain, and motivate highly qualified individuals, aligning their interests with those of shareholders through performance-based compensation.

Bonus

$0.00

Board Justification

No bonuses were paid to any of the Covered Employees or to any of the other named executive officers, including the CEO, due to not reaching the required level of $90 million in operating profit necessary to fund the bonus pool under the Annual Incentive Compensation Plan.

Other

$258.24K

Board Justification

Includes a taxable car allowance, automobile insurance reimbursement, life insurance premiums, and contributions to retirement plans.

Restricted Stock

$0.00(0 Common Stock)

Board Justification

No stock awards were vested in fiscal 2015 as the performance targets were not met.

Performance Metrics

The performance metrics for determining compensation included adjusted operating profit, which was set at $40 million as a threshold for the Executive Performance Plan.