Kurt J. Bitting has been the CEO of Ecovyst Inc. since April 2022. He brings over 20 years of experience in the business world, having started his career as a Company Commander in the U.S. Army. Bitting quickly moved into...

Kurt J. Bitting has been the CEO of Ecovyst Inc. since April 2022. He brings over 20 years of experience in the business world, having started his career as a Company Commander in the U.S. Army. Bitting quickly moved into the private sector, holding roles at well-known companies like Kinder Morgan and Sprint. He has a solid educational background with a B.S. in Business Administration from Villanova University and an MBA from Rider University. Under his leadership, Ecovyst has focused on increasing shareholder value, and his recent compensation of nearly $2.9 million in 2023 reflects this alignment with company performance. This includes a substantial salary and bonus tied to the company's success. Bitting is also active in reshaping the company's culture and operations, emphasizing safety and sustainability initiatives across its facilities. His hands-on approach in leading the firm through significant changes showcases his strategic vision and versatility in tackling industry challenges.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Ecovyst CEOs

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Kurt J. Bitting

CEO of Ecovyst

Education

B.S. in Business Administration from Villanova University; M.B.A. from Rider University

Field of Expertise

Business & Management

Sector of Economy

Basic Materials

Born

January 1, 1976 - 49 years ago

CEO of Ecovyst for

3 years 3 months (Apr 2022 - Present)

Previous Experience

Business Director in the Company’s Refining Services business

Rivals

Competitors/colleagues of Kurt J. Bitting

Holdings

See how much did Kurt J. Bitting make over time.

Kurt J. Bitting's holdings in Ecovyst are quite substantial. As of the latest report, Bitting owns approximately 197,755 shares in the company, reflecting his significant investment in Ecovyst's future. The value of his stake has seen fluctuations, with his ownership...

Kurt J. Bitting's holdings in Ecovyst are quite substantial. As of the latest report, Bitting owns approximately 197,755 shares in the company, reflecting his significant investment in Ecovyst's future. The value of his stake has seen fluctuations, with his ownership increasing after being appointed CEO in 2022. During this time, Bitting has focused on strategic initiatives aimed at enhancing the company's performance and market position. His financial stake in Ecovyst aligns his interests with those of shareholders, emphasizing a commitment to driving company value. Notably, he had most of his wealth tied up in these holdings when he first stepped into the CEO role, illustrating confidence in the company's direction. However, as of 2023, his exact wealth tied to these shares varies with market conditions, representing a dynamic relationship between personal and corporate success.

No data yet.

Insider Trading

See recent insider trades of Kurt J. Bitting.

No insider trades found for this CEO.

Compensation History

See how much did Kurt J. Bitting make over time.

In 2023, Kurt J. Bitting received a total compensation of nearly $2.9 million, which includes a base salary of $700,000 and a performance-based bonus of $45,500. A major part of his pay came from vested stock awards, valued at over $2.2 million. This stock compensation reflects his past work and aligns him with the interests of Ecovyst's shareholders. In 2022, his total compensation was much lower, around $873,000, indicating a significant increase after he assumed the CEO role. His compensation package showcases the company's focus on rewarding executives for performance while ensuring they are competitive in attracting top talent. The board designed this package to encourage Bitting to create long-term shareholder value, with metrics that include financial and safety performance targets, demonstrating a solid link between his pay and the company’s success.

Year

2023

Total Compensation

$3.42M

Salary

$700.00K

Board Justification

The compensation philosophy is designed to align the interests of the CEO with those of the shareholders by rewarding performance that creates shareholder value, while also being competitive in the market to attract and retain top talent.

Bonus

$45.50K

Board Justification

The annual performance-based cash award opportunity for Mr. Bitting was set at 100% of his base salary, with actual payout based on the achievement of performance metrics for the year 2023.

Other

$441.97K

Board Justification

Other compensation includes contributions to retirement plans, life insurance, and relocation expenses.

Restricted Stock

$2.23M(206.12K RSU)

Board Justification

The stock awards that vested in 2023 included Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) that were granted in prior years, with the value realized upon vesting calculated based on the market price of the stock at the time of vesting.

Performance Metrics

The performance metrics for 2023 included Adjusted EBITDA, Adjusted Free Cash Flow, HSE Perfect Days, and Recordable Incident Rate.

Other Ecovyst CEOs

Here are other CEOs of Ecovyst

Belgacem Chariag

Ex-CEO of Ecovyst

August 2018 - April 2022