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Mario Ruscev is the former CEO of FormFactor, where he served from June 2008 until May 2010. He has an impressive academic background with a doctorate in nuclear physics from Université Pierre et Marie Curie in Paris, as well as...

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Mario Ruscev

Ex-CEO of FormFactor

Education

Doctorate in nuclear physics from Université, Pierre et Marie Curie in Paris, France and a Ph.D. in nuclear physics from Yale University

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Technology

CEO of FormFactor for

1 year 10 months (Jul 2008 - May 2010)

Previous Experience

President of Testing Schlumberger Oilfield Services

Holdings

See how much did Mario Ruscev make over time.

Mario Ruscev's stock holdings at FormFactor were significant during his tenure. When he resigned in May 2010, he had a large number of unexercised stock options valued at approximately $3.1 million based on market conditions just before his departure. He...

Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Mario Ruscev make over time.

In 2010, Mario Ruscev's total compensation was $1,015,591, which included a base salary of $239,440 and a substantial severance payment of $690,411 upon his resignation. Despite the drop in total pay from around $5.5 million in 2008, mainly due to the absence of bonuses in the following years, his severance package reflects the challenges faced during his time as CEO. Notably, his total compensation included the acceleration of stock units, which was a significant part of his financial package. His experience highlights the connection between company performance and executive pay, where shortfalls in performance significantly impacted both his compensation and bonuses.

Year

2010

Total Compensation

$1.18M

Salary

$239.44K

Board Justification

The compensation philosophy aims to align executive compensation with company performance and shareholder interests, focusing on retention and performance-based incentives.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2010 due to the company's performance.

Other

$776.15K

Board Justification

Includes severance payment of $690,411 and other benefits such as COBRA premiums and relocation expenses.

Restricted Stock

$159.80K(11.75K RSU)

Board Justification

11,750 restricted stock units were accelerated upon resignation, which vested in 2010.

Performance Metrics

Performance metrics included revenue growth and operational objectives, but specific targets were not fully achieved.