Franklin W. Hobbs has made quite an impact in the finance industry. He served as the CEO of Ribbon Communications Inc. from 2017 to 2019, stepping in during a pivotal time for the company. Hobbs has a strong educational background,...

Franklin W. Hobbs has made quite an impact in the finance industry. He served as the CEO of Ribbon Communications Inc. from 2017 to 2019, stepping in during a pivotal time for the company. Hobbs has a strong educational background, holding a B.A. from Harvard College and an M.B.A. from Harvard Business School. He has decades of experience, including roles in major firms like Houlihan Lokey and UBS. Apart from his role at Ribbon, he also held influential positions as Chairman of Ally Financial and advisor at One Equity Partners. After leaving Ribbon in late 2019, he continues to make a mark in various board roles. During his time as CEO, Hobbs earned a total compensation of $1.3 million in both 2018 and 2019, showcasing his alignment with company performance. His strategic focus was linked to revenue growth and key performance indicators, which played a big part in his compensation structure.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Ribbon Communications Inc. CEOs

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Franklin W. Hobbs

Ex-CEO of Ribbon Communications Inc.

Education

B.A. from Harvard College, M.B.A. from Harvard Business School

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Communication Services

Born

January 1, 1947 - 78 years ago

CEO of Ribbon Communications Inc. for

1 year 10 months (Dec 2017 - Nov 2019)

Previous Experience

Advisor to One Equity Partners LLC, Chairman of Ally Financial Inc., former CEO of Houlihan Lokey Howard & Zukin

Rivals

Competitors/colleagues of Franklin W. Hobbs

Holdings

See how much did Franklin W. Hobbs make over time.

During his tenure at Ribbon Communications, Franklin W. Hobbs maintained significant holdings in the company's common stock, contributing to his wealth. In 2019, he had 50,000 shares vesting, valued at approximately $750,000, reflecting the company's performance and his long-term incentive...

During his tenure at Ribbon Communications, Franklin W. Hobbs maintained significant holdings in the company's common stock, contributing to his wealth. In 2019, he had 50,000 shares vesting, valued at approximately $750,000, reflecting the company's performance and his long-term incentive plan. This stock was a significant part of his total compensation and highlights his commitment to the company’s growth. Before announcing his departure in November 2019, Hobbs had a substantial stake, which indicates his confidence in the trajectory of Ribbon Communications. However, since then, his direct holdings have been affected due to his separation from the company, marking changes in his financial landscape as he navigates new opportunities.

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Insider Trading

See recent insider trades of Franklin W. Hobbs.

ALLY

$235.01K

ALLY at $41.10/share

May 15, 2024

Received

ALLY

$235.02K

ALLY at $25.56/share

May 15, 2023

Received

ALLY

$235.03K

ALLY at $39.58/share

May 13, 2022

Received

ALLY

447 shares

ALLY

Jan 7, 2022

Received

ALLY

417 shares

ALLY

Oct 7, 2021

Received

ALLY

427 shares

ALLY

Jul 9, 2021

Received

ALLY

$225.02K

ALLY at $54.00/share

May 14, 2021

Received

ALLY

471 shares

ALLY

Apr 14, 2021

Received

ALLY

596 shares

ALLY

Jan 11, 2021

Received

ALLY

848 shares

ALLY

Oct 9, 2020

Received

Compensation History

See how much did Franklin W. Hobbs make over time.

Franklin W. Hobbs received considerable compensation during his tenure as CEO of Ribbon Communications. In both 2018 and 2019, his total compensation was $1.3 million, which included a base salary of $400,000, a $100,000 bonus, and $750,000 in vested stock. The bonus was tied to specific company performance metrics like revenue growth, ensuring that his success was closely linked to the company's performance. The long-term incentive plan encouraged a strong focus on results over multiple years, which is a smart way to align interests with shareholders. Overall, his compensation strategy reflected a blend of immediate rewards and long-term investments in the company’s future.

Year

2019

Total Compensation

$1.30M

Salary

$400.00K

Board Justification

The compensation philosophy aims to align CEO compensation with company performance, using peer benchmarking and retention strategies to attract and retain top talent.

Bonus

$100.00K

Board Justification

The bonus is based on the company's performance metrics including revenue growth and EBITDA targets for the year 2019.

Other

$50.00K

Board Justification

Other compensation includes retirement contributions and health benefits paid in 2019.

Restricted Stock

$750.00K(50K Common Stock)

Board Justification

The stock that vested in 2019 was part of a long-term incentive plan based on performance criteria set in prior years.

Performance Metrics

The performance metrics included revenue growth, EBITDA targets, and overall company performance against industry benchmarks.

Other Ribbon Communications Inc. CEOs

Here are other CEOs of Ribbon Communications Inc.

Bruce McClelland

Ex-CEO of Ribbon Communications Inc.

June 2020 - January 2023