MSC Industrial Direct Management
Management criteria checks 3/4
MSC Industrial Direct's CEO is Erik Gershwind, appointed in Jan 2013, has a tenure of 11.83 years. total yearly compensation is $4.93M, comprised of 16.7% salary and 83.3% bonuses, including company stock and options. directly owns 3.66% of the company’s shares, worth €158.99M. The average tenure of the management team and the board of directors is 3.1 years and 9.2 years respectively.
Key information
Erik Gershwind
Chief executive officer
US$4.9m
Total compensation
| CEO salary percentage | 16.7% |
| CEO tenure | 11.8yrs |
| CEO ownership | 3.7% |
| Management average tenure | 3.1yrs |
| Board average tenure | 9.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Aug 31 2024 | n/a | n/a | US$259m |
| Jun 01 2024 | n/a | n/a | US$291m |
| Mar 02 2024 | n/a | n/a | US$314m |
| Dec 02 2023 | n/a | n/a | US$331m |
| Sep 02 2023 | US$5m | US$825k | US$343m |
| Jun 03 2023 | n/a | n/a | US$360m |
| Mar 04 2023 | n/a | n/a | US$364m |
| Dec 03 2022 | n/a | n/a | US$355m |
| Sep 03 2022 | US$6m | US$816k | US$340m |
| May 28 2022 | n/a | n/a | US$302m |
| Feb 26 2022 | n/a | n/a | US$296m |
| Nov 27 2021 | n/a | n/a | US$245m |
| Aug 28 2021 | US$5m | US$771k | US$217m |
| May 29 2021 | n/a | n/a | US$203m |
| Feb 27 2021 | n/a | n/a | US$187m |
| Nov 28 2020 | n/a | n/a | US$224m |
| Aug 29 2020 | US$4m | US$697k | US$251m |
| May 30 2020 | n/a | n/a | US$265m |
| Feb 29 2020 | n/a | n/a | US$267m |
| Nov 30 2019 | n/a | n/a | US$280m |
| Aug 31 2019 | US$4m | US$763k | US$289m |
| Jun 01 2019 | n/a | n/a | US$295m |
| Mar 02 2019 | n/a | n/a | US$295m |
| Dec 01 2018 | n/a | n/a | US$344m |
| Sep 01 2018 | US$4m | US$741k | US$329m |
Compensation vs Market: Erik's total compensation ($USD4.93M) is above average for companies of similar size in the German market ($USD1.95M).
Compensation vs Earnings: Erik's compensation has been consistent with company performance over the past year.
CEO
Erik Gershwind (53 yo)
11.8yrs
Tenure
US$4,928,124
Compensation
Mr. Erik David Gershwind is Chief Executive Officer of MSC Industrial Direct Co., Inc. since January 1, 2013 and has been its Director since October 19, 2010. Mr. Gershwind was President of MSC Industrial...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 11.8yrs | US$4.93m | 3.66% € 159.0m | |
| President & COO | 2.1yrs | US$2.03m | 0.0079% € 344.8k | |
| Executive VP & CFO | 4.3yrs | US$1.52m | 0.023% € 983.5k | |
| Senior VP & Chief People Officer | 5.8yrs | US$940.98k | 0.016% € 687.9k | |
| Head of Investor Relations | 1.4yrs | no data | no data | |
| VP, General Counsel & Corporate Secretary | 2.6yrs | no data | 0.0055% € 240.9k | |
| Senior Vice President of Sales & Customer Success | 3.1yrs | no data | 0.026% € 1.1m |
3.1yrs
Average Tenure
52.5yo
Average Age
Experienced Management: 98M's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 14.1yrs | US$4.93m | 3.66% € 159.0m | |
| Independent Director | 15.8yrs | US$229.92k | 0.023% € 1.0m | |
| Non-Executive Chairman | 29.1yrs | US$438.88k | 14.3% € 621.8m | |
| Independent Director | 9.2yrs | US$284.22k | 0.022% € 965.7k | |
| Independent Lead Director | 24.6yrs | US$294.22k | 0.034% € 1.5m | |
| Independent Director | 9.2yrs | US$269.22k | 0.022% € 965.7k | |
| Non Executive Independent Director | 4.2yrs | US$214.92k | 0.0086% € 371.8k | |
| Director | less than a year | no data | no data | |
| Independent Non-Executive Director | 1.9yrs | US$173.87k | 0.0014% € 62.2k |
9.2yrs
Average Tenure
61yo
Average Age
Experienced Board: 98M's board of directors are considered experienced (9.2 years average tenure).