Todd P. Kelsey has been the CEO of Plexus Corp since October 2016. He joined the company back in 1994 as a Design Engineer and steadily climbed the ranks, showing a strong technical background with a Bachelor’s and Master’s degree in electrical engineering from the University of Wisconsin-Madison, along with an MBA from the University of Wisconsin-Oshkosh. Under his leadership, Plexus emphasizes performance-based compensation, focusing on long-term growth and shareholder interests. In 2023, his total compensation reached just over $1.1 million, with a significant portion in other benefits rather than cash or stock options. Kelsey has a history of substantial stock vesting and his earnings reflect a commitment to Plexus's strategic goals. Interestingly, he has been with Plexus long enough to see major shifts in the company’s performance metrics based on revenue growth and returns on invested capital. His experience at Plexus gives him a unique insight into the company’s operations and challenges, allowing him to steer Plexus effectively in the competitive tech market.

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Todd P. Kelsey

CEO of Plexus

Education

Bachelor's and Master's degrees in electrical engineering from the University of Wisconsin-Madison; MBA from the University of Wisconsin-Oshkosh

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Technology

Born

September 20, 1965 - 59 years ago

CEO of Plexus for

8 years 8 months (Oct 2016 - Present)

Previous Experience

Executive Vice President and Chief Operating Officer at Plexus Corp.

Rivals

Competitors/colleagues of Todd P. Kelsey

Robert K. Eulau

CEO of Sanmina Corp

2017 Compensation

Stock

$0.00

Salary

$586.73K

Bonus

$0.00

Other

$243.98K

Total Holdings

$35.44M

Richard Adam Norwitt

CEO of Amphenol

2023 Compensation

Stock

$9.10M

Salary

$1.46M

Bonus

$0.00

Other

$382.12K

Total Holdings

$117.28M

Jayshree Ullal

CEO of Arista Networks

2023 Compensation

Stock

$15.05M

Salary

$300.00K

Bonus

$200.00K

Other

$10.40K

Total Holdings

$3.15B

Stephen D. Kelley

CEO of Advanced Energy Industries

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$877.50K

Other

$0.00

Total Holdings

$12.93M

Mark T. Mondello

CEO of Jabil

2023 Compensation

Stock

$0.00

Salary

$1.26M

Bonus

$3.68M

Other

$355.11K

Total Holdings

$245.36M

Holdings

See how much did Todd P. Kelsey make over time.

Todd Kelsey has been quite strategic with his holdings in Plexus Corp. In 2022, he had 80,026 shares vest, valued at around $6.8 million. By 2023, however, the big numbers under his stock holdings dipped significantly, showing no vested stock or grants. This might reflect a shift in how Plexus is managing executive compensation, moving away from stock options and focusing instead on immediate performance metrics. The fluctuation in his holdings mirrors his journey with Plexus, transitioning from significant stock vestings in the past to an ongoing commitment without recent stock awards. His wealth profile could change dramatically depending on the future performance of the stock, which he navigates personally throughout his tenure as the leader.

Mar 18, 2025

PLXS @ $123.78

Total Stock Sold

$42.68M

PLXS

$42.68M

552,572 PLXS shares

What if they kept their stock?

If Todd P. Kelsey didn't sell their stock, today they would have:
Extra PLXS552,572 shares worth $37.29M.
This is -12.62% and $5.38M less than what they got when they sold the stock.

Charitable Transactions

PLXS

60,107 shares

PLXS

Recent Charitable Transactions

PLXS

3,656 shares

PLXS

Aug 16, 2024

Charity

PLXS

56,451 shares

PLXS

Apr 26, 2021

Charity

Insider Trading

See recent insider trades of Todd P. Kelsey.

PLXS

$1.10M

PLXS at $140.33/share

Feb 3, 2025

Sale

PLXS

$234.88K

PLXS at $156.58/share

Jan 2, 2025

Sale

PLXS

$245.57K

PLXS at $163.71/share

Dec 2, 2024

Sale

PLXS

$1.26M

PLXS at $154.26/share

Nov 19, 2024

Sale

PLXS

$1.25M

PLXS at $156.65/share

Nov 4, 2024

Sale

PLXS

$373.75K

PLXS at $124.58/share

Aug 16, 2024

Sale

PLXS

3,656 shares

PLXS

Aug 16, 2024

Charity

PLXS

$640.50K

PLXS at $128.10/share

Jul 31, 2024

Sale

PLXS

$190.44K

PLXS at $115.00/share

Jul 16, 2024

Sale

PLXS

$205.15K

PLXS at $102.57/share

Jul 1, 2024

Sale

Compensation History

See how much did Todd P. Kelsey make over time.

In 2023, Todd Kelsey's total compensation amounted to $1,114,749. This is mainly from salary, which was about $1,083,846, but unlike previous years, there were no bonuses or stock options involved. His compensation reflects a commitment to aligning executive pay with performance metrics, aiming for long-term success rather than short-term gains. Despite the drop in total compensation compared to 2022’s figure over $7.4 million, which included substantial stock vestings, the current structure indicates a move towards a more conservative pay model focused on encouraging ongoing performance rather than relying on one-off stock awards. The primary aim is to keep the executives aligned with Plexus’s long-term vision and interests of shareholders, while maintaining the motivation for sustainable growth.

Year

2023

Total Compensation

$1.36M

Salary

$1.08M

Board Justification

The compensation philosophy emphasizes performance-based compensation to align the interests of executives with those of shareholders, focusing on long-term value creation.

Bonus

$0.00

Board Justification

No discretionary bonus payments were made apart from the Variable Incentive Compensation Plan (VICP). Payments under the VICP are reflected in the Non-Equity Incentive Plan Compensation column.

Other

$280.90K

Board Justification

Includes Company contributions to the 401(k) Plan and the SERP, the value of the company car benefit provided to the executive, additional life and disability insurance coverage, and relocation.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2023 as the amounts listed are for stock grants that are not vested.

Performance Metrics

The performance metrics for determining compensation include revenue growth and return on invested capital (ROIC) exceeding the weighted average cost of capital (WACC).

Other Plexus CEOs

Here are other CEOs of Plexus

Dean A. Foate

Ex-CEO of Plexus

October 2006 - October 2016