IPG Photonics Management
Management criteria checks 2/4
IPG Photonics' CEO is Mark Gitin, appointed in Jun 2024, has a tenure of 1.08 years. total yearly compensation is $6.70M, comprised of 6.1% salary and 93.9% bonuses, including company stock and options. directly owns 0.011% of the company’s shares, worth €292.71K. The average tenure of the management team and the board of directors is 2.3 years and 4.5 years respectively.
Key information
Mark Gitin
Chief executive officer
US$6.7m
Total compensation
| CEO salary percentage | 6.14% |
| CEO tenure | 1.1yrs |
| CEO ownership | 0.01% |
| Management average tenure | 2.3yrs |
| Board average tenure | 4.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2025 | n/a | n/a | -US$202m |
| Dec 31 2024 | US$7m | US$411k | -US$182m |
Compensation vs Market: Mark's total compensation ($USD6.70M) is above average for companies of similar size in the German market ($USD2.10M).
Compensation vs Earnings: Insufficient data to compare Mark's compensation with company performance.
CEO
Mark Gitin (58 yo)
Dr. Mark Milton Gitin, Ph D., serves as CEO & Director of IPG Photonics Corporation since June 05, 2024. He served as Executive Vice President & General Manager of Photonics Solutions Division of MKS Instr...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.1yrs | US$6.70m | 0.011% € 292.7k | |
| Senior VP & CFO | 25yrs | US$3.08m | 0.14% € 3.5m | |
| Senior VP & Chief Scientist | 3.4yrs | US$1.05m | 2.21% € 56.7m | |
| Senior VP | 24.4yrs | US$2.61m | 0.10% € 2.6m | |
| Senior Vice President of Sales & Strategic Business Development | 12.4yrs | US$2.68m | 0.051% € 1.3m | |
| Director & Advisor | 1.1yrs | US$6.10m | 0.11% € 2.9m | |
| VP, Corporate Controller | less than a year | no data | no data | |
| Senior Director of Investor Relations | no data | no data | no data | |
| Vice President of Human Resources Worldwide | no data | no data | no data | |
| Senior Vice President of Global Laser Systems | less than a year | no data | no data |
Experienced Management: IPF's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.1yrs | US$6.70m | 0.011% € 292.7k | |
| Director & Advisor | 24.8yrs | US$6.10m | 0.11% € 2.9m | |
| Independent Non-Executive Chairman | 12.8yrs | US$382.73k | 0.028% € 721.4k | |
| Independent Director | 6.5yrs | US$324.95k | 0.029% € 730.9k | |
| Independent Director | 3.3yrs | US$302.45k | 0.016% € 408.5k | |
| Independent Director | 2.5yrs | US$309.95k | 0.014% € 362.6k | |
| Independent Director | 11.1yrs | US$316.94k | 0.045% € 1.1m | |
| Independent Director | 1.9yrs | US$294.67k | 0.013% € 320.1k | |
| Independent Director | 4.5yrs | US$324.95k | 0.017% € 442.0k | |
| Director | 4.5yrs | US$294.67k | 0.27% € 7.0m |
Experienced Board: IPF's board of directors are considered experienced (4.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/07/02 00:44 |
| End of Day Share Price | 2025/07/02 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| 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.
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 Github.
Analyst Sources
IPG Photonics Corporation is covered by 30 analysts. 9 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 |
|---|---|
| Christopher Muse | Barclays |
| Mark Miller | Benchmark Company |
| Paretosh Misra | Berenberg |