Giordano Albertazzi is the CEO of Vertiv Holdings Co, a position he has held since January 1, 2023. Before that, he was the Chief Operating Officer and President for the Americas. He has a rich background in management, chiefly in...

Giordano Albertazzi is the CEO of Vertiv Holdings Co, a position he has held since January 1, 2023. Before that, he was the Chief Operating Officer and President for the Americas. He has a rich background in management, chiefly in the technology and engineering sectors. Giordano started his career by working at Kone Elevators, and he later spent over two decades with Emerson Network Power, where he took on various leadership roles. His experience spans multiple regions, including Europe, the Middle East, and Africa, where he expanded business operations significantly. In 2023, Giordano earned a total compensation of about $3.1 million, primarily driven by his performance-based cash bonus, which amounted to $2 million. This reflects Vertiv's strong financial performance under his leadership. Additionally, he has been active in stock trading with his holdings at Vertiv, which valued around $302.44 million recently. His leadership style emphasizes performance metrics, aligning executive pay with company success. Overall, Giordano brings a wealth of experience and is focused on driving Vertiv forward in a competitive market.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Vertiv Holdings Co CEOs

V

Giordano Albertazzi

CEO of Vertiv Holdings Co

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1966 - 59 years ago

CEO of Vertiv Holdings Co for

2 years 3 months (Jan 2023 - Present)

Previous Experience

President, Americas at Vertiv, various roles at Emerson Network Power

Rivals

Competitors/colleagues of Giordano Albertazzi

M

Mark Zuckerberg

Founder and CEO of Meta Platforms, Inc.

2022 Compensation

Stock

$0.00

Salary

$1.00

Bonus

$0.00

Other

$27.11M

Total Holdings

$207.33B

E

Craig Arnold

CEO of Eaton Corporation

2023 Compensation

Stock

$18.84M

Salary

$1.44M

Bonus

$0.00

Other

$234.61K

Total Holdings

$23.28M

A

Richard Adam Norwitt

CEO of Amphenol

2023 Compensation

Stock

$9.10M

Salary

$1.46M

Bonus

$0.00

Other

$382.12K

Total Holdings

$117.28M

n

Beth A. Wozniak

CEO of nVent Electric plc

2023 Compensation

Stock

$8.77M

Salary

$1.01M

Bonus

$0.00

Other

$827.83K

Total Holdings

$39.29M

C

Trent T. McKenna

CEO of Comfort Systems USA

2023 Compensation

Stock

$0.00

Salary

$506.00K

Bonus

$0.00

Other

$9.37K

Total Holdings

$8.14M

Holdings

See how much did Giordano Albertazzi make over time.

Giordano Albertazzi's holdings in Vertiv have seen significant fluctuations over the years. In late 2019, his holdings were valued at around $243.61 million, gradually increasing to peak at $334.28 million by April 2021, showcasing substantial growth during his tenure. However,...

Giordano Albertazzi's holdings in Vertiv have seen significant fluctuations over the years. In late 2019, his holdings were valued at around $243.61 million, gradually increasing to peak at $334.28 million by April 2021, showcasing substantial growth during his tenure. However, over time, the value experienced some dips. As of December 2023, his holdings were valued at approximately $302.44 million, reflecting a stable position despite market volatility. This ties closely with his compensation structure, which is closely linked to the performance of Vertiv's stock. Essentially, his wealth is intricately tied to the company's fortunes, demonstrating a strong alignment with shareholder interests.

Insider Trading

See recent insider trades of Giordano Albertazzi.

VRT

11.38 shares

VRT

Mar 28, 2024

Received

VRT

18.4 shares

VRT

Dec 27, 2023

Received

VRT

50.56 shares

VRT

Dec 15, 2022

Received

VRT

42.54 shares

VRT

Dec 16, 2021

Received

VRT

73 shares

VRT

Dec 17, 2020

Received

VRT

$2.21M

VRT at $15.76/share

Aug 12, 2020

Received

Compensation History

See how much did Giordano Albertazzi make over time.

In 2023, Giordano Albertazzi's total compensation package was about $3.1 million, which includes a base salary of $900,000 and an impressive cash bonus of $2 million awarded for exceeding performance targets. This bonus reflects the strong financial results Vertiv achieved during the year. His compensation also includes other benefits, which added about $17,789 to his earnings. Notably, there were no stock options or vested stocks reported for 2023; instead, the focus was primarily on performance-linked cash bonuses. His target bonus has also been increased, highlighting confidence in his leadership abilities. The company's approach to compensation puts a strong emphasis on results, keeping executives motivated to align their goals with those of shareholders.

Year

2023

Total Compensation

$2.92M

Salary

$900.00K

Board Justification

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

Bonus

$2.00M

Board Justification

The actual cash bonus for 2023 performance was $2,000,000, reflecting strong financial performance exceeding targets.

Other

$17.79K

Board Justification

Other compensation includes housing and travel-related expenses as a result of accepting a U.S.-based role.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was reported as vested in 2023; the focus was on performance-based compensation and stock options.

Performance Metrics

Key performance metrics included adjusted operating profit and adjusted free cash flow, both of which significantly exceeded targets.

Other Vertiv Holdings Co CEOs

Here are other CEOs of Vertiv Holdings Co

Rob Johnson

Ex-CEO of Vertiv Holdings Co

July 2019 - December 2022