Keith A. Harvey has been the CEO of Kaiser Aluminum Corporation since July 31, 2020, after a steady climb through the ranks since he joined the company in 1981 as an industrial engineer. With a Bachelor’s degree in Industrial Engineering...

Keith A. Harvey has been the CEO of Kaiser Aluminum Corporation since July 31, 2020, after a steady climb through the ranks since he joined the company in 1981 as an industrial engineer. With a Bachelor’s degree in Industrial Engineering from West Virginia University, he has spent decades honing his skills in various roles, from VP of Sales and Marketing to President and COO before becoming CEO. Keith is known for aligning senior management interests with stockholders by setting performance-driven compensation. A noteworthy moment in his career was when he led the company through challenges that resulted in his compensation jumping significantly, from $1.8 million in 2021 to over $6.2 million in 2023. Interestingly, he has no vested stocks or stock options tied to his recent performance, indicating a hands-on approach to compensation. Keith's leadership style is practical and operational, with a focus on performance metrics like Adjusted EBITDA, safety, and productivity. He is a family-oriented leader and believes in investment into the workforce as essential for success. Under his guidance, Kaiser Aluminum continues to innovate and expand within the aluminum industry, listening to the market while adapting its strategies to maintain competitiveness.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Kaiser Aluminum CEOs

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Keith A. Harvey

CEO of Kaiser Aluminum

Education

Bachelor of Science degree in Industrial Engineering from West Virginia University.

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Basic Materials

Born

January 1, 1960 - 65 years ago

CEO of Kaiser Aluminum for

4 years 10 months (Jul 2020 - Present)

Previous Experience

President and Chief Operating Officer since December 2015. Previously served as Executive Vice President - Fabricated Products and Senior Vice President - Sales & Marketing.

Rivals

Competitors/colleagues of Keith A. Harvey

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Mark J. Costa

CEO of Eastman Chemical

2022 Compensation

Stock

$1.00

Salary

$1.00

Bonus

$1.00

Other

$1.00

Total Holdings

$45.48M

C

Michael A. Bless

CEO of Century Aluminum

2021 Compensation

Stock

$0.00

Salary

$622.96K

Bonus

$0.00

Other

$148.63K

Total Holdings

$8.28M

A

William F. Oplinger

CEO of Alcoa

2023 Compensation

Stock

$7.53M

Salary

$862.26K

Bonus

$0.00

Other

$321.43K

Total Holdings

$6.04M

Holdings

See how much did Keith A. Harvey make over time.

Keith A. Harvey's financial interests in Kaiser Aluminum have seen notable fluctuations. He started with a base of wealth derived from a combination of his salary and incentives. In 2023, his total compensation soared to around $6.2 million, a significant...

Keith A. Harvey's financial interests in Kaiser Aluminum have seen notable fluctuations. He started with a base of wealth derived from a combination of his salary and incentives. In 2023, his total compensation soared to around $6.2 million, a significant leap from just $1.8 million two years prior. However, he has faced obstacles, including no earnings from stocks granted due to unmet performance metrics, showing the risks of tying compensation to results. The period of high compensation aligns with a restructured leadership role and a focus on increasing efficiency and profitability. In comparison to previous years, he has succeeded in driving stakeholder returns while managing operational costs effectively. His financial engagement remains entirely focused on performance, encouraging a results-driven workplace while ensuring his wealth remains connected to his contributions to the company's success.

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Insider Trading

See recent insider trades of Keith A. Harvey.

No insider trades found for this CEO.

Compensation History

See how much did Keith A. Harvey make over time.

In 2023, Keith A. Harvey earned a total compensation package of $6,207,860, which included a base salary of $983,750 and a bonus of $985,550 due to performance results. His compensation structure reflects a philosophy that aligns with stockholder interests, rewarding executives based on performance metrics such as Adjusted EBITDA and overall operational achievements. Interestingly, he did not earn any vested stocks or stock options this year, indicating a more straightforward earnings approach, focused primarily on salary and performance bonuses rather than complex equity grants. In 2022, his total compensation was notably lower at $5,123,725, highlighting the variable nature of executive pay tied to company performance. This strong performance-based philosophy includes a comprehensive review of both short-term incentives, which reward immediate company results, and long-term incentives that encourage sustained growth. Harvey's concentration on performance metrics speaks to a desire to see the company thrive while providing equitable compensation for his team's efforts.

Year

2023

Total Compensation

$2.19M

Salary

$983.75K

Board Justification

The compensation structure is designed to align the interests of senior management with stockholders by rewarding performance that drives operations and enhances stockholder returns.

Bonus

$985.55K

Board Justification

Payment of his award under the 2023 STI Plan, determined based on actual performance.

Other

$225.60K

Board Justification

Includes contributions to the Savings Plan, Restoration Plan contributions, dividend payments, and vehicle allowance.

Restricted Stock

$0.00(0 RSU)

Board Justification

No performance shares were earned or vested in March 2024, as no performance shares were earned under the 2021-2023 LTI Plan due to performance metrics not being met.

Performance Metrics

Performance metrics include Adjusted EBITDA, safety, quality, delivery, and productivity performance.

Other Kaiser Aluminum CEOs

Here are other CEOs of Kaiser Aluminum

Jack A. Hockema

Ex-CEO of Kaiser Aluminum

February 2006 - July 2020