Berkshire Hills Bancorp Management
Management criteria checks 2/4
Berkshire Hills Bancorp's CEO is Nitin Mhatre, appointed in Jan 2021, has a tenure of 3.5 years. total yearly compensation is $2.63M, comprised of 31.7% salary and 68.3% bonuses, including company stock and options. directly owns 0.27% of the company’s shares, worth €2.45M. The average tenure of the management team and the board of directors is 2.6 years and 2.8 years respectively.
Key information
Nitin Mhatre
Chief executive officer
US$2.6m
Total compensation
| CEO salary percentage | 31.7% |
| CEO tenure | 3.5yrs |
| CEO ownership | 0.3% |
| Management average tenure | 2.6yrs |
| Board average tenure | 2.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$22m |
| Dec 31 2023 | US$3m | US$835k | US$70m |
| Sep 30 2023 | n/a | n/a | US$102m |
| Jun 30 2023 | n/a | n/a | US$101m |
| Mar 31 2023 | n/a | n/a | US$100m |
| Dec 31 2022 | US$3m | US$775k | US$93m |
| Sep 30 2022 | n/a | n/a | US$82m |
| Jun 30 2022 | n/a | n/a | US$127m |
| Mar 31 2022 | n/a | n/a | US$126m |
| Dec 31 2021 | US$2m | US$644k | US$119m |
Compensation vs Market: Nitin's total compensation ($USD2.63M) is above average for companies of similar size in the German market ($USD1.37M).
Compensation vs Earnings: Nitin's compensation has been consistent with company performance over the past year.
CEO
Nitin Mhatre (53 yo)
3.5yrs
Tenure
US$2,633,381
Compensation
Mr. Nitin J. Mhatre serves as President, Chief Executive Officer and Director at Berkshire Hills Bancorp, Inc. since January 29, 2021. He serves as Chief Executive Officer and Director at Berkshire Bank si...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.5yrs | US$2.63m | 0.27% $ 2.4m | |
| Chief Accounting Officer | 9.5yrs | US$578.49k | 0.034% $ 310.2k | |
| Senior EVP & COO | no data | US$1.60m | 0.27% $ 2.5m | |
| Senior EVP & Chief Risk Officer | no data | US$680.96k | 0.068% $ 617.9k | |
| Senior Executive VP and Head of Commercial Banking & Private Banking | 1.5yrs | US$862.32k | 0.024% $ 214.7k | |
| Senior Vice President of Investor Relations & Corporate Development | 3.3yrs | no data | 0.069% $ 624.5k | |
| Senior EVP | 5.8yrs | no data | 0.060% $ 544.3k | |
| Executive VP & Chief Compliance Officer | 1.8yrs | no data | 0.023% $ 207.5k | |
| Head of Communications | no data | no data | no data | |
| Executive VP and Chief Strategy & Marketing Officer | less than a year | no data | no data | |
| Senior EVP and Chief Human Resources Officer & Culture Officer | 1.5yrs | no data | 0.035% $ 318.7k | |
| Capital Markets Director | no data | no data | no data |
2.6yrs
Average Tenure
54.5yo
Average Age
Experienced Management: 4I9's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.5yrs | US$2.63m | 0.27% $ 2.4m | |
| Independent Director | 2.8yrs | US$128.47k | 0.043% $ 391.1k | |
| Independent Director | less than a year | US$36.38k | 0.069% $ 628.1k | |
| Independent Director | 1.3yrs | US$96.43k | 0.012% $ 106.8k | |
| Independent Director | 11.2yrs | US$130.28k | 0.049% $ 444.2k | |
| Independent Director | 4.4yrs | US$148.86k | 0.027% $ 245.6k | |
| Independent Director | 1.4yrs | US$109.86k | 0.013% $ 116.5k | |
| Independent Chairperson | 6.9yrs | US$193.41k | 0.055% $ 500.1k | |
| Independent Director | 5.2yrs | US$124.28k | 0.030% $ 276.0k | |
| Independent Director | 2.6yrs | US$134.45k | 0.020% $ 180.3k | |
| Independent Director | 2.3yrs | US$121.63k | 0.016% $ 146.2k |
2.8yrs
Average Tenure
60yo
Average Age
Experienced Board: 4I9's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.