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 2.58 years. total yearly compensation is $2.96M, comprised of 23.5% salary and 76.5% bonuses, including company stock and options. directly owns 0.44% of the company’s shares, worth €1.39M. The average tenure of the management team and the board of directors is 2.6 years and 8.7 years respectively.
Key information
Jag Reddy
Chief executive officer
US$3.0m
Total compensation
| CEO salary percentage | 23.5% |
| CEO tenure | 2.6yrs |
| CEO ownership | 0.4% |
| Management average tenure | 2.6yrs |
| Board average tenure | 8.7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$12m |
| 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 ($USD1.01M).
Compensation vs Earnings: Jag's compensation has increased by more than 20% in the past year.
CEO
Jag Reddy (52 yo)
2.6yrs
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 | 2.6yrs | US$2.96m | 0.44% € 1.4m | |
| CFO, Secretary & Treasurer | 11.1yrs | US$1.70m | 0.94% € 3.0m | |
| Executive Vice President of Strategy | 6.3yrs | US$1.70m | 0.60% € 1.9m | |
| Senior VP of Corporate Development & General Counsel | 2.1yrs | no data | 0.058% € 184.4k | |
| Chief Human Resources Officer | 1.9yrs | no data | 0.036% € 115.0k |
2.6yrs
Average Tenure
52yo
Average Age
Experienced Management: 2YN's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.6yrs | US$2.96m | 0.44% € 1.4m | |
| Independent Director | 9.1yrs | US$171.01k | 0.32% € 1.0m | |
| Independent Director | 16.6yrs | US$177.01k | 0.12% € 378.0k | |
| Independent Director | 2.2yrs | US$169.01k | 0.047% € 148.6k | |
| Independent Non-Executive Chair | 8.7yrs | US$221.03k | 0.63% € 2.0m | |
| Independent Director | 11.3yrs | US$183.01k | 0.15% € 481.0k | |
| Independent Director | 4.2yrs | US$179.01k | 0.077% € 244.0k |
8.7yrs
Average Tenure
65yo
Average Age
Experienced Board: 2YN's board of directors are considered experienced (8.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/02 08:15 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Mayville Engineering Company, Inc. is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Kaplowitz | Citigroup Inc |
| Stephen Volkmann | Jefferies LLC |
| Edward Jackson | Northland Capital Markets |