IPG Photonics Management

Management criteria checks 3/4

IPG Photonics' CEO is Eugene Scherbakov, appointed in May 2021, has a tenure of 23.67 years. total yearly compensation is $5.73M, comprised of 15.1% salary and 84.9% bonuses, including company stock and options. directly owns 0.097% of the company’s shares, worth €3.62M. The average tenure of the management team and the board of directors is 11.3 years and 4.3 years respectively.

Key information

Eugene Scherbakov

Chief executive officer

US$5.7m

Total compensation

CEO salary percentage	15.1%
CEO tenure	3yrs
CEO ownership	0.1%
Management average tenure	11.3yrs
Board average tenure	4.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Eugene Scherbakov's remuneration changed compared to IPG Photonics's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$183m
Dec 31 2023	US$6m	US$865k	US$219m
Sep 30 2023	n/a	n/a	US$85m
Jun 30 2023	n/a	n/a	US$106m
Mar 31 2023	n/a	n/a	US$100m
Dec 31 2022	US$7m	US$785k	US$110m
Sep 30 2022	n/a	n/a	US$268m
Jun 30 2022	n/a	n/a	US$267m
Mar 31 2022	n/a	n/a	US$280m
Dec 31 2021	US$7m	US$803k	US$278m
Sep 30 2021	n/a	n/a	US$263m
Jun 30 2021	n/a	n/a	US$223m
Mar 31 2021	n/a	n/a	US$191m
Dec 31 2020	US$4m	US$628k	US$160m
Sep 30 2020	n/a	n/a	US$106m
Jun 30 2020	n/a	n/a	US$127m
Mar 31 2020	n/a	n/a	US$161m
Dec 31 2019	US$4m	US$617k	US$180m
Sep 30 2019	n/a	n/a	US$260m
Jun 30 2019	n/a	n/a	US$304m
Mar 31 2019	n/a	n/a	US$353m
Dec 31 2018	US$4m	US$674k	US$404m
Sep 30 2018	n/a	n/a	US$381m
Jun 30 2018	n/a	n/a	US$397m
Mar 31 2018	n/a	n/a	US$379m
Dec 31 2017	US$3m	US$510k	US$348m

Compensation vs Market: Eugene's total compensation ($USD5.73M) is above average for companies of similar size in the German market ($USD2.59M).

Compensation vs Earnings: Eugene's compensation has been consistent with company performance over the past year.

CEO

Eugene Scherbakov (75 yo)

3yrs

Tenure

US$5,725,552

Compensation

Dr. Eugene A. Scherbakov, Ph D., has been Chief Executive Officer of IPG Photonics Corporation since May 4, 2021 and also has been its Director since September 2000. He served as the Chief Operating Office...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Eugene Scherbakov	CEO & Director	3yrs	US$5.73m	0.097% $ 3.6m
Timothy P. Mammen	Senior VP & CFO	23.8yrs	US$2.27m	0.11% $ 4.2m
Alexander Ovtchinnikov	Senior VP & CTO	2.3yrs	US$1.91m	0.13% $ 4.7m
Angelo Lopresti	Senior VP	23.3yrs	US$1.93m	0.75% $ 28.0m
Trevor Ness	Senior Vice President of Sales & Strategic Business Development	11.3yrs	US$1.89m	0.037% $ 1.4m
Thomas Burgomaster	VP, Corporate Controller	17.8yrs	no data	0.014% $ 537.8k
Igor Samartsev	Senior VP & Chief Scientist	2.3yrs	no data	1.8% $ 67.4m
Eugene Fedotoff	Senior Director of Investor Relations	no data	no data	no data
John Weaver	Vice President of Human Resources Worldwide	no data	no data	no data

11.3yrs

Average Tenure

59.5yo

Average Age

Experienced Management: IPF's management team is seasoned and experienced (11.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Eugene Scherbakov	CEO & Director	23.7yrs	US$5.73m	0.097% $ 3.6m
Michael Child	Independent Director	23.7yrs	US$297.50k	0.12% $ 4.4m
John Peeler	Independent Non-Executive Chairman	11.6yrs	US$377.50k	0.015% $ 555.8k
Gregory Dougherty	Independent Director	5.3yrs	US$326.87k	0.015% $ 568.9k
Agnes Tang	Independent Director	2.2yrs	US$280.30k	0.0035% $ 129.4k
Gregory Beecher	Independent Director	1.3yrs	no data	0.0042% $ 156.3k
Eric Meurice	Independent Director	9.9yrs	US$317.50k	0.031% $ 1.2m
Kolleen Kennedy	Independent Director	less than a year	no data	no data
Jeanmarie Desmond	Independent Director	3.3yrs	US$302.50k	0.0068% $ 255.8k
Natalia Pavlova	Director	3.3yrs	US$290.00k	0.25% $ 9.4m

4.3yrs

Average Tenure

65yo

Average Age

Experienced Board: IPF's board of directors are considered experienced (4.3 years average tenure).

IPG Photonics Management

Management criteria checks 3/4

Key information

Recent management updates

IPG Photonics Corporation Announces Chief Executive Officer Changes, Effective June 5, 2024

IPG Photonics Corporation Announces Demise of Felix Stukalin, Senior Vice President, Chief Operating Officer and Member of Board of Directors

IPG Photonics Corporation Appoints Kolleen Kennedy as New Director

Independent Director recently sold €120k worth of stock

VP, Corporate Controller recently sold €153k worth of stock

High number of new directors

Recent updates

First quarter 2024 earnings released: EPS: US$0.52 (vs US$1.27 in 1Q 2023)

IPG Photonics Corporation Announces Chief Executive Officer Changes, Effective June 5, 2024

IPG Photonics Corporation to Report Q1, 2024 Results on Apr 30, 2024

Now 21% undervalued after recent price drop

Full year 2023 earnings released: EPS: US$4.64 (vs US$2.17 in FY 2022)

Investor sentiment deteriorates as stock falls 16%

Ipg Photonics Corporation Provides Earnings Guidance for the First Quarter of 2024

Full year 2023 earnings released: EPS: US$4.64 (vs US$2.17 in FY 2022)

IPG Photonics Corporation (NasdaqGS:IPGP) announces an Equity Buyback for $300 million worth of its shares.

IPG Photonics Corporation to Report Q4, 2023 Results on Feb 13, 2024

IPG Photonics Corporation Presents New Technologies, Products and Solutions for E-Mobility Manufacturing, Materials Processing and Specialized Applications at Photonics West 2024

Third quarter 2023 earnings released: EPS: US$1.16 (vs US$1.48 in 3Q 2022)

IPG Photonics Corporation to Report Q3, 2023 Results on Oct 31, 2023

IPG Photonics Corporation Announces Demise of Felix Stukalin, Senior Vice President, Chief Operating Officer and Member of Board of Directors

IPG Photonics Corporation Showcases Cutting-Edge Technologies, Live Demonstrations and Sponsorship at FABTECH 2023

Investor sentiment deteriorates as stock falls 16%

IPG Photonics Corporation Provides Earnings Guidance for the Third Quarter of 2023

IPG Photonics Corporation Appoints Kolleen Kennedy as New Director

Second quarter 2023 earnings released: EPS: US$1.32 (vs US$1.10 in 2Q 2022)

Investor sentiment improves as stock rises 16%

Independent Director recently sold €120k worth of stock

First quarter 2023 earnings released: EPS: US$1.27 (vs US$1.32 in 1Q 2022)

VP, Corporate Controller recently sold €153k worth of stock

Investor sentiment improves as stock rises 17%

IPG Photonics Corporation Reports Unaudited Consolidated Impairment Results for the fourth quarter Ended December 31, 2022

Full year 2022 earnings released: EPS: US$2.17 (vs US$5.21 in FY 2021)

IPG Photonics Corporation to Report Q4, 2022 Results on Feb 14, 2023

High number of new directors

IPG Photonics Launches Three High-Power Deep Ultraviolet Lasers for Micromachining

IPG Photonics Corporation Announces Changes to the Board of Directors

Third quarter 2022 earnings released: EPS: US$1.48 (vs US$1.41 in 3Q 2021)

IPG Photonics Corporation Provides Earnings Guidance for the Fourth Quarter of 2022

IPG Photonics Corporation to Report Q3, 2022 Results on Nov 01, 2022

IPG Photonics Corporation(NasdaqGS:IPGP) dropped from FTSE All-World Index (USD)

Lumentum Holdings Inc. (NasdaqGS:LITE) acquired Telecom Transmission Product Lines in Brazil from IPG Photonics Corporation (NasdaqGS:IPGP).

Second quarter 2022 earnings released: EPS: US$1.10 (vs US$1.31 in 2Q 2021)

IPG Photonics Corporation Provides Earnings Guidance for the Third Quarter of 2022

IPG Photonics Corporation to Report Q2, 2022 Results on Aug 02, 2022

Senior VP & CFO recently bought €239k worth of stock

First quarter 2022 earnings released: EPS: US$1.32 (vs US$1.27 in 1Q 2021)

IPG Photonics Corporation Provides Earnings Guidance for the Second Quarter of 2022

IPG Photonics Corporation to Report Q1, 2022 Results on May 03, 2022

IPG Photonics Corporation, Annual General Meeting, May 24, 2022

IPG Photonics Corporation, Annual General Meeting, May 24, 2022

Now 20% undervalued after recent price drop

IPG Photonics Corporation Announces Executive Changes

IPG Photonics Announces Continued Production at Russian Operations

Investor sentiment deteriorated over the past week

Felix Stukalin, Senior Vice President, North America Operations Promotes to Chief Operating Officer of IPG Photonics Corporation

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

IPG Photonics Corporation Provides Earnings Guidance for the First Quarter of 2022

IPG Photonics Corporation to Report Q4, 2021 Results on Feb 15, 2022

Third quarter 2021 earnings released: EPS US$1.41 (vs US$0.67 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$1.31 (vs US$0.72 in 2Q 2020)

First quarter 2021 earnings released: EPS US$1.27 (vs US$0.69 in 1Q 2020)

IPG Photonics Corporation Provides Financial Guidance for the Second Quarter of 2021

Senior VP recently sold €481k worth of stock

IPG Photonics Corporation Announces Catherine P. Lego, Member of the Board of Directors Will Not Seek Re-Election at the 2021 Annual Meeting of Stockholders

IPG Photonics Corporation, Annual General Meeting, May 25, 2021

Full year 2020 earnings released: EPS US$3.00 (vs US$3.40 in FY 2019)

Revenue beats expectations

IPG Photonics Corporation to Report Q4, 2020 Results on Feb 16, 2021

IPG Photonics Corporation(NasdaqGS:IPGP) dropped from Russell 1000 Defensive Index

IPG Photonics Corporation Corporation Announces Board Changes

New 90-day high: €186

New 90-day high: €180

Senior Vice President of Components recently sold €1.3m worth of stock

Senior Vice President of Components recently sold €2.9m worth of stock

New 90-day high: €177