RBC Bearings Management
Management criteria checks 3/4
RBC Bearings' CEO is Michael Hartnett, appointed in Apr 1992, has a tenure of 32.08 years. total yearly compensation is $8.45M, comprised of 11.2% salary and 88.8% bonuses, including company stock and options. directly owns 1.01% of the company’s shares, worth €68.62M. The average tenure of the management team and the board of directors is 6.5 years and 8.6 years respectively.
Key information
Michael Hartnett
Chief executive officer
US$8.5m
Total compensation
| CEO salary percentage | 11.2% |
| CEO tenure | 32.1yrs |
| CEO ownership | 1.0% |
| Management average tenure | 6.5yrs |
| Board average tenure | 8.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 30 2023 | n/a | n/a | US$174m |
| Sep 30 2023 | n/a | n/a | US$164m |
| Jul 01 2023 | n/a | n/a | US$156m |
| Apr 01 2023 | US$8m | US$950k | US$144m |
| Dec 31 2022 | n/a | n/a | US$126m |
| Oct 01 2022 | n/a | n/a | US$90m |
| Jul 02 2022 | n/a | n/a | US$50m |
| Apr 02 2022 | US$19m | US$900k | US$43m |
| Jan 01 2022 | n/a | n/a | US$42m |
| Oct 02 2021 | n/a | n/a | US$69m |
| Jul 03 2021 | n/a | n/a | US$91m |
| Apr 03 2021 | US$9m | US$632k | US$90m |
| Dec 26 2020 | n/a | n/a | US$98m |
| Sep 26 2020 | n/a | n/a | US$107m |
| Jun 27 2020 | n/a | n/a | US$118m |
| Mar 28 2020 | US$12m | US$775k | US$120m |
| Dec 28 2019 | n/a | n/a | US$124m |
| Sep 28 2019 | n/a | n/a | US$109m |
| Jun 29 2019 | n/a | n/a | US$108m |
| Mar 30 2019 | US$12m | US$775k | US$105m |
| Dec 29 2018 | n/a | n/a | US$100m |
| Sep 29 2018 | n/a | n/a | US$108m |
| Jun 30 2018 | n/a | n/a | US$93m |
| Mar 31 2018 | US$8m | US$775k | US$87m |
Compensation vs Market: Michael's total compensation ($USD8.45M) is above average for companies of similar size in the German market ($USD3.35M).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
CEO
Michael Hartnett (77 yo)
32.1yrs
Tenure
US$8,450,217
Compensation
Dr. Michael J. Hartnett, Ph.D. is the Chairman, Chief Executive Officer and President at Roller Bearing Company at America, Inc. Dr. Hartnett has been the President and Chief Executive Officer of Roller Be...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 32.1yrs | US$8.45m | 1.01% $ 68.6m | |
| VP & CFO | 3.6yrs | US$1.12m | 0.034% $ 2.3m | |
| VP, COO & Director | 18.3yrs | US$3.54m | 0.39% $ 26.2m | |
| VP & GM | 28.3yrs | US$1.37m | 0.042% $ 2.9m | |
| VP & GM | 6.5yrs | US$818.26k | 0.043% $ 2.9m | |
| Director of Investor Relations | no data | no data | no data | |
| VP, General Counsel & Secretary | 3.6yrs | US$414.57k | 0.0094% $ 640.0k | |
| President of Dodge Industrial | 2.3yrs | no data | no data | |
| Corporate Controller | no data | no data | no data |
6.5yrs
Average Tenure
60.5yo
Average Age
Experienced Management: B1X's management team is seasoned and experienced (6.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 30.9yrs | US$8.45m | 1.01% $ 68.6m | |
| VP, COO & Director | 10.9yrs | US$3.54m | 0.39% $ 26.2m | |
| Independent Director | 21.9yrs | US$440.33k | 0.11% $ 7.3m | |
| Independent Director | 10.9yrs | US$435.33k | 0.079% $ 5.3m | |
| Independent Director | 2yrs | US$422.83k | 0.0093% $ 631.1k | |
| Independent Director | 3.7yrs | US$439.08k | 0.020% $ 1.3m | |
| Independent Director | 6.3yrs | US$435.33k | 0.011% $ 775.5k | |
| Independent Director | 4.7yrs | US$435.33k | 0.023% $ 1.6m |
8.6yrs
Average Tenure
70yo
Average Age
Experienced Board: B1X's board of directors are considered experienced (8.6 years average tenure).