Mayville Engineering Company Management
Management criteria checks 2/4
Mayville Engineering Company's CEO is Jag Reddy, appointed in Jul 2022, has a tenure of 2.17 years. total yearly compensation is $2.96M, comprised of 23.5% salary and 76.5% bonuses, including company stock and options. directly owns 0.41% of the company’s shares, worth €1.63M. The average tenure of the management team and the board of directors is 2.2 years and 8.3 years respectively.
Key information
Jag Reddy
Chief executive officer
US$3.0m
Total compensation
| CEO salary percentage | 23.5% |
| CEO tenure | 2.2yrs |
| CEO ownership | 0.4% |
| Management average tenure | 2.2yrs |
| Board average tenure | 8.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | US$11m |
| Mar 31 2024 | n/a | n/a | US$9m |
| Dec 31 2023 | US$3m | US$695k | US$8m |
| Sep 30 2023 | n/a | n/a | US$8m |
| Jun 30 2023 | n/a | n/a | US$13m |
| Mar 31 2023 | n/a | n/a | US$17m |
| Dec 31 2022 | US$2m | US$296k | US$19m |
Compensation vs Market: Jag's total compensation ($USD2.96M) is above average for companies of similar size in the German market ($USD1.30M).
Compensation vs Earnings: Jag's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Jag Reddy (52 yo)
2.2yrs
Tenure
US$2,956,326
Compensation
Mr. Jagadeesh A. Reddy, also known as Jag, is President, Chief Executive Officer and Director of Mayville Engineering Company, Inc. from July 19, 2022. He was Vice President of Strategy & Growth from Septe...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.2yrs | US$2.96m | 0.41% $ 1.6m | |
| CFO, Secretary & Treasurer | 10.7yrs | US$1.70m | 0.94% $ 3.7m | |
| Executive Vice President of Strategy | 5.8yrs | US$1.70m | 0.60% $ 2.4m | |
| Senior VP of Corporate Development & General Counsel | 1.7yrs | no data | 0.039% $ 156.5k | |
| Chief Human Resources Officer | 1.5yrs | no data | 0.029% $ 115.7k |
2.2yrs
Average Tenure
52yo
Average Age
Experienced Management: 2YN's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.2yrs | US$2.96m | 0.41% $ 1.6m | |
| Independent Director | 8.7yrs | US$171.01k | 0.32% $ 1.3m | |
| Independent Director | 16.2yrs | US$177.01k | 0.12% $ 475.1k | |
| Independent Director | 1.8yrs | US$169.01k | 0.047% $ 186.8k | |
| Independent Non-Executive Chair | 8.3yrs | US$221.03k | 0.63% $ 2.5m | |
| Independent Director | 10.8yrs | US$183.01k | 0.15% $ 604.6k | |
| Independent Director | 3.8yrs | US$179.01k | 0.077% $ 306.7k |
8.3yrs
Average Tenure
65yo
Average Age
Experienced Board: 2YN's board of directors are considered experienced (8.3 years average tenure).