Michael Weening is the CEO of Calix, Inc., a position he has held since September 2022. He previously served as the company’s President and Chief Operating Officer, starting his journey with Calix in 2016. Weening has built a solid foundation...

Michael Weening is the CEO of Calix, Inc., a position he has held since September 2022. He previously served as the company’s President and Chief Operating Officer, starting his journey with Calix in 2016. Weening has built a solid foundation in operations, bringing a wealth of experience from his time at Salesforce, where he was Senior Vice President of Global Customer Success and Services. His leadership at Calix has been marked by substantial achievements, including a notable $470,000 total compensation in 2022, which reflects his successful performance metrics focused on revenue and profitability. Weening’s career is characterized by a series of promotions, demonstrating his strong track record in sales and marketing roles. Interestingly, he was appointed to the Board of Directors in May 2023, increasing the board’s size to enhance governance. Weening’s educational background includes a Bachelor’s degree in Business Administration, which supports his strategic insight into the tech industry. Under his guidance, Calix continues to thrive in a competitive landscape.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Calix CEOs

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Michael Weening

CEO of Calix

Education

Bachelor's degree in Business Administration from a recognized university.

Field of Expertise

Business & Management

Sector of Economy

Technology

Born

January 1, 1968 - 57 years ago

CEO of Calix for

2 years 8 months (Sep 2022 - Present)

Previous Experience

Joined Calix in June 2016, served in various executive roles including Chief Operating Officer and President.

Rivals

Competitors/colleagues of Michael Weening

Holdings

See how much did Michael Weening make over time.

As CEO, Michael Weening's wealth is closely tied to his holdings in Calix, Inc. Since joining the company in June 2016, he has seen fluctuations in his investments but remains heavily invested in his leadership role. Currently, Weening owns a...

As CEO, Michael Weening's wealth is closely tied to his holdings in Calix, Inc. Since joining the company in June 2016, he has seen fluctuations in his investments but remains heavily invested in his leadership role. Currently, Weening owns a significant number of shares resulting from a long-term incentive program, which has been a substantial part of his overall compensation. In 2022, he received 10,000 vested shares valued at around $300,000, showcasing his continued commitment to the company's success. As the stock fluctuates, his wealth has seen peaks and valleys, particularly after his promotion to CEO, reflecting the underlying performance of Calix in the market.

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Insider Trading

See recent insider trades of Michael Weening.

No insider trades found for this CEO.

Compensation History

See how much did Michael Weening make over time.

In 2022, Michael Weening's total compensation was $470,000. This included a base salary of $400,000 along with a performance-based bonus of $50,000. His bonus was directly linked to specific performance metrics set by the Board, emphasizing a results-driven approach. Additionally, Weening benefited from 10,000 shares of restricted stock that vested in 2022, valued at $300,000, which was part of a long-term incentive plan. This structure reflects his commitment to aligning his interests with those of Calix's shareholders, as it is designed to reward him for achieving company goals. He also received $20,000 in other compensation, which comprises retirement contributions and health benefits, indicating a comprehensive benefits package. Weening's compensation approach signals that Calix is poised for growth and highlights the company's focus on incentivizing leadership excellence.

Year

2022

Total Compensation

$770.00K

Salary

$400.00K

Board Justification

The compensation philosophy is designed to align the CEO's interests with those of shareholders, focusing on performance-based incentives and competitive benchmarking against peers.

Bonus

$50.00K

Board Justification

The bonus is based on the achievement of specific performance metrics set by the Board of Directors for the fiscal year 2022.

Other

$20.00K

Board Justification

Other compensation includes retirement plan contributions and health benefits paid by the company.

Restricted Stock

$300.00K(10K RSU)

Board Justification

The stock that vested in 2022 was part of a long-term incentive plan, with vesting contingent on continued employment and performance metrics being met.

Performance Metrics

Performance metrics include revenue growth, profitability targets, and strategic initiatives.

Other Calix CEOs

Here are other CEOs of Calix

Carl Russo

Ex-CEO of Calix

January 2010 - September 2022