FARO Technologies Management

Management criteria checks 1/4

FARO Technologies' CEO is Peter Lau, appointed in Jul 2023, has a tenure of 1.33 years. total yearly compensation is $6.28M, comprised of 4% salary and 96% bonuses, including company stock and options. directly owns 0.1% of the company’s shares, worth €328.99K. The average tenure of the management team and the board of directors is 0.8 years and 3.1 years respectively.

Key information

Peter Lau

Chief executive officer

US$6.3m

Total compensation

CEO salary percentage	4.0%
CEO tenure	1.3yrs
CEO ownership	0.1%
Management average tenure	less than a year
Board average tenure	3.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Peter Lau's remuneration changed compared to FARO Technologies's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-US$15m
Mar 31 2024	n/a	n/a	-US$43m
Dec 31 2023	US$6m	US$254k	-US$57m

Compensation vs Market: Peter's total compensation ($USD6.28M) is above average for companies of similar size in the German market ($USD1.08M).

Compensation vs Earnings: Insufficient data to compare Peter's compensation with company performance.

CEO

Peter Lau (44 yo)

1.3yrs

Tenure

US$6,278,891

Compensation

Mr. Peter James Lau serves as Chief Executive Officer, President & Director at FARO Technologies, Inc. since July 24, 2023. He serves as Chief Executive Officer at Catalyst Nutraceuticals, LLC since 2023 a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Peter Lau	CEO, President & Director	1.3yrs	US$6.28m	0.10% € 326.7k
Matthew Horwath	Senior VP & CFO	less than a year	no data	0.080% € 252.8k
Jason Pollock	Chief Operating Officer	no data	no data	no data
Oliver Zweigle	Senior VP of Engineering & CTO	2.1yrs	no data	no data
David Wilson	Senior VP & General Counsel	less than a year	no data	no data
Phillip Delnick	Senior Vice President of Global Sales	less than a year	no data	no data
Malvika Jhangiani	Senior VP & Chief Human Resources Officer	less than a year	no data	no data
Arianne Boyer	VP & Chief Transformation Officer	2.1yrs	no data	no data
Shelley Gretlein	Senior Vice President of Building Insights	less than a year	no data	no data
Roger Isern	Chief Digital Officer	less than a year	no data	no data

0.8yrs

Average Tenure

Experienced Management: FT1's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Peter Lau	CEO, President & Director	1.3yrs	US$6.28m	0.10% € 326.7k
Alexander Davern	Independent Director	3.1yrs	US$253.95k	0.56% € 1.8m
Jeroen van Rotterdam	Independent Director	3.7yrs	US$235.01k	0.15% € 458.5k
Yuval Wasserman	Independent Chairman of the Board	6.9yrs	US$2.63m	0.59% € 1.9m
John Donofrio	Independent Director	16.8yrs	US$255.01k	0.28% € 874.3k
Moonhie Chin	Independent Director	3.1yrs	US$235.01k	0.094% € 298.2k
Rajani Ramanathan	Independent Director	2.3yrs	US$235.01k	0.059% € 187.1k

3.1yrs

Average Tenure

59yo

Average Age

Experienced Board: FT1's board of directors are considered experienced (3.1 years average tenure).

FARO Technologies Management

Management criteria checks 1/4

Key information

Recent management updates

FARO Technologies, Inc. Appoints Phillip Delnick as Senior Vice President, Global Sales

CEO, President & Director recently sold €169k worth of stock

Independent Chairman of the Board recently sold €311k worth of stock

FARO Technologies, Inc., Annual General Meeting, Jun 13, 2024

Faro Technologies, Inc. Announces Board Changes

FARO Technologies, Inc. Announces CFO Changes

Recent updates

FARO Technologies, Inc. to Report Q3, 2024 Results on Nov 06, 2024

FARO Technologies, Inc. Appoints Phillip Delnick as Senior Vice President, Global Sales

FARO Technologies, Inc. Releases New Edition to its Portable CMM Series - FaroArm Series

New minor risk - Share price stability

Second quarter 2024 earnings released: US$0.027 loss per share (vs US$1.49 loss in 2Q 2023)

FARO Technologies, Inc. Provides Earnings Guidance for the Third Quarter of 2024

CEO, President & Director recently sold €169k worth of stock

FARO Technologies, Inc. to Report Q2, 2024 Results on Aug 08, 2024

FARO Technologies, Inc.(NasdaqGS:FARO) dropped from Russell 2000 Growth-Defensive Index

Independent Chairman of the Board recently sold €311k worth of stock

FARO Technologies, Inc., Annual General Meeting, Jun 13, 2024

First quarter 2024 earnings released: US$0.38 loss per share (vs US$1.13 loss in 1Q 2023)

FARO Technologies, Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2024

FARO Technologies, Inc. to Report Q1, 2024 Results on May 01, 2024

Faro Technologies, Inc. Announces Board Changes

FARO Technologies, Inc. Provides Earnings Guidance for the First Quarter Ending March 31, 2024

New major risk - Revenue and earnings growth

Full year 2023 earnings released: US$2.99 loss per share (vs US$1.46 loss in FY 2022)

FARO Technologies, Inc. to Report Q4, 2023 Results on Feb 27, 2024

FARO Technologies, Inc. Announces CFO Changes

Lead Independent Director recently bought €481k worth of stock

New minor risk - Share price stability

Third quarter 2023 earnings released: US$0.46 loss per share (vs US$0.34 loss in 3Q 2022)

FARO Technologies, Inc. Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2023

Now 20% undervalued after recent price drop

FARO Technologies, Inc. to Report Q3, 2023 Results on Nov 01, 2023

FARO Technologies Releases Next Generation Cloud Platform, Sphere XG

FARO Technologies, Inc. Announces Release of the Faro(R) Orbis(TM) Mobile Scanner

Second quarter 2023 earnings released: US$1.49 loss per share (vs US$0.47 loss in 2Q 2022)

Faro Technologies, Inc. Provides Earnings Guidance for the Third Quarter 2023

FARO Technologies, Inc. to Report Q2, 2023 Results on Aug 02, 2023

FARO Technologies, Inc. Appoints Peter Lau as President, Effective July 24, 2023

Lead Independent Director recently bought €247k worth of stock

Faro Technologies, Inc. Announces CEO Changes

First quarter 2023 earnings released: US$1.13 loss per share (vs US$0.53 loss in 1Q 2022)

FARO Technologies, Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2023

High number of new directors

Full year 2022 earnings released: US$1.46 loss per share (vs US$2.20 loss in FY 2021)

Faro Technologies, Inc. Provides Earnings Guidance for the First Quarter Ending March 31, 2023

FARO Technologies, Inc. to Report Q4, 2022 Results on Feb 15, 2023

FARO Announces Board of Director Changes

FARO Technologies, Inc. (NasdaqGS:FARO) acquired SiteScape.

FARO Technologies, Inc. Announces Release of New Edition of Faro Zone 3D Software to the Public Safety Market, Equipping Crime, Crash, Fire, and Security Professionals

Third quarter 2022 earnings released: US$0.34 loss per share (vs US$0.21 loss in 3Q 2021)

FARO Technologies, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of Fiscal Quarter Ending December 31, 2022

FARO Technologies, Inc. to Report Q3, 2022 Results on Nov 02, 2022

FARO Technologies, Inc. Releases Focus Core Laser Scanner

FARO Technologies, Inc. Announces New 4D Construction Progress Management Solution Uniting Point Cloud Data and 360° Reality Capture

FARO Technologies, Inc. Appoints Patrick Bohle as President, Building Insights

FARO Technologies, Inc. Releases All-New Vantage Max High-Accuracy Laser Tracker Series

FARO Technologies, Inc Announces the Release of Faro Flatness Check

FARO Technologies, Inc Announces the Release of Faro Flatness Check

FARO Technologies, Inc. (NasdaqGS:FARO) acquired GeoSLAM Limited.

Second quarter 2022 earnings released: US$0.47 loss per share (vs US$0.065 loss in 2Q 2021)

FARO Technologies, Inc. Provides Earnings Guidance for the Third Quarter Ending September 30, 2022

FARO Appoints Rajani Ramanathan to Its Board of Directors

FARO Technologies, Inc. to Report Q2, 2022 Results on Aug 03, 2022

FARO® Technologies, Inc. Announces the Election of Yuval Wasserman as Chairman of the Board of Directors, Effective May 26, 2022

First quarter 2022 earnings released: US$0.53 loss per share (vs US$0.18 loss in 1Q 2021)

FARO Technologies, Inc. Provides Revenue Guidance for Second Quarter Ending June 30, 2022

FARO Technologies, Inc. to Report Q1, 2022 Results on Apr 27, 2022

FARO Announces Executive Changes

Faro®Technologies, Inc Launches End-To-End 3D Digital Reality Capture & Collaboration Platform

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

FARO Technologies, Inc. Provides Earnings Guidance for the First Quarter Ending March 31, 2022

FARO Technologies, Inc. to Report Q4, 2021 Results on Feb 16, 2022

High number of new directors

Third quarter 2021 earnings released: US$0.21 loss per share (vs US$0.17 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.065 loss per share (vs US$0.50 loss in 2Q 2020)