Garmin Management
Management criteria checks 3/4
Garmin's CEO is Cliff Albert Pemble, appointed in Oct 2007, has a tenure of 16.5 years. total yearly compensation is $6.54M, comprised of 20.7% salary and 79.3% bonuses, including company stock and options. directly owns 0.049% of the company’s shares, worth ARS11.80B. The average tenure of the management team and the board of directors is 16.6 years and 15.3 years respectively.
Key information
Cliff Albert Pemble
Chief executive officer
US$6.5m
Total compensation
| CEO salary percentage | 20.7% |
| CEO tenure | 16.5yrs |
| CEO ownership | 0.05% |
| Management average tenure | 16.6yrs |
| Board average tenure | 15.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 30 2023 | US$7m | US$1m | US$1b |
| Sep 30 2023 | n/a | n/a | US$1b |
| Jul 01 2023 | n/a | n/a | US$994m |
| Apr 01 2023 | n/a | n/a | US$964m |
| Dec 31 2022 | US$5m | US$1m | US$974m |
| Sep 24 2022 | n/a | n/a | US$966m |
| Jun 25 2022 | n/a | n/a | US$1b |
| Mar 26 2022 | n/a | n/a | US$1b |
| Dec 25 2021 | US$4m | US$1m | US$1b |
| Sep 25 2021 | n/a | n/a | US$1b |
| Jun 26 2021 | n/a | n/a | US$1b |
| Mar 27 2021 | n/a | n/a | US$1b |
| Dec 26 2020 | US$4m | US$1m | US$992m |
| Sep 26 2020 | n/a | n/a | US$1b |
| Jun 27 2020 | n/a | n/a | US$934m |
| Mar 28 2020 | n/a | n/a | US$973m |
| Dec 28 2019 | US$3m | US$1m | US$952m |
| Sep 28 2019 | n/a | n/a | US$782m |
| Jun 29 2019 | n/a | n/a | US$738m |
| Mar 30 2019 | n/a | n/a | US$705m |
| Dec 29 2018 | US$3m | US$900k | US$694m |
| Sep 29 2018 | n/a | n/a | US$646m |
| Jun 30 2018 | n/a | n/a | US$613m |
| Mar 31 2018 | n/a | n/a | US$600m |
| Dec 30 2017 | US$2m | US$750k | US$709m |
Compensation vs Market: Cliff's total compensation ($USD6.54M) is about average for companies of similar size in the AR market ($USD5.98M).
Compensation vs Earnings: Cliff's compensation has increased by more than 20% in the past year.
CEO
Cliff Albert Pemble (57 yo)
16.5yrs
Tenure
US$6,540,666
Compensation
Mr. Clifton Albert Pemble, also known as Cliff, has been the Chief Executive Officer of Garmin Ltd., since January 1, 2013 and is its President since October 2007. Mr. Pemble serves as the Managing Directo...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 16.5yrs | US$6.54m | 0.049% $ 11.8b | |
| CFO & Treasurer | 9.8yrs | US$2.04m | 0.0077% $ 1.9b | |
| VP, General Counsel & Secretary | 23.7yrs | US$1.63m | 0.034% $ 8.2b | |
| Executive VP & MD of Aviation - Garmin International | no data | US$2.25m | 0.038% $ 9.1b | |
| Executive Vice President of Operations - Garmin International | no data | US$2.54m | 0.021% $ 5.0b | |
| Co-Founder & Executive Chairman | 21.3yrs | US$384.43k | 9.76% $ 2.4t | |
| Manager of Investor Relations | no data | no data | no data | |
| Director of Corporate Communications | no data | no data | no data | |
| Vice President of Human Resources | 16.8yrs | no data | no data | |
| VP & Global Consumer Marketing | less than a year | no data | 0.00022% $ 53.1m |
16.6yrs
Average Tenure
57yo
Average Age
Experienced Management: GRMN's management team is seasoned and experienced (16.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 19.7yrs | US$6.54m | 0.049% $ 11.8b | |
| Co-Founder & Executive Chairman | 21.3yrs | US$384.43k | 9.76% $ 2.4t | |
| Independent Director | 10.8yrs | US$243.94k | 0.0097% $ 2.3b | |
| Independent Director | 19.7yrs | US$248.94k | 0.014% $ 3.5b | |
| Independent Director | 4.8yrs | US$238.84k | 0.0024% $ 579.8m | |
| Independent Director | 5.8yrs | US$243.94k | 9.6% $ 2.3t |
15.3yrs
Average Tenure
69yo
Average Age
Experienced Board: GRMN's board of directors are seasoned and experienced ( 15.3 years average tenure).