Infinera Management

Management criteria checks 2/4

Infinera's CEO is David Heard, appointed in Aug 2017, has a tenure of 7.33 years. total yearly compensation is $6.66M, comprised of 10.9% salary and 89.1% bonuses, including company stock and options. directly owns 0.46% of the company’s shares, worth €6.79M. The average tenure of the management team and the board of directors is 5.8 years and 5.5 years respectively.

Key information

David Heard

Chief executive officer

US$6.7m

Total compensation

CEO salary percentage	10.9%
CEO tenure	7.3yrs
CEO ownership	0.5%
Management average tenure	5.8yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has David Heard's remuneration changed compared to Infinera's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 28 2024	n/a	n/a	-US$111m
Jun 29 2024	n/a	n/a	-US$106m
Mar 30 2024	n/a	n/a	-US$78m
Dec 30 2023	US$7m	US$729k	-US$25m
Sep 30 2023	n/a	n/a	-US$5m
Jul 01 2023	n/a	n/a	-US$7m
Apr 01 2023	n/a	n/a	-US$43m
Dec 31 2022	US$6m	US$700k	-US$76m
Sep 24 2022	n/a	n/a	-US$143m
Jun 25 2022	n/a	n/a	-US$184m
Mar 26 2022	n/a	n/a	-US$164m
Dec 25 2021	US$5m	US$700k	-US$171m
Sep 25 2021	n/a	n/a	-US$148m
Jun 26 2021	n/a	n/a	-US$130m
Mar 27 2021	n/a	n/a	-US$156m
Dec 26 2020	US$4m	US$484k	-US$207m
Sep 26 2020	n/a	n/a	-US$263m
Jun 27 2020	n/a	n/a	-US$312m
Mar 28 2020	n/a	n/a	-US$364m
Dec 28 2019	n/a	n/a	-US$387m
Sep 28 2019	n/a	n/a	-US$453m
Jun 29 2019	n/a	n/a	-US$401m
Mar 30 2019	n/a	n/a	-US$310m
Dec 29 2018	n/a	n/a	-US$214m
Sep 29 2018	n/a	n/a	-US$155m
Jun 30 2018	n/a	n/a	-US$159m
Mar 31 2018	n/a	n/a	-US$180m

Compensation vs Market: David's total compensation ($USD6.66M) is above average for companies of similar size in the German market ($USD1.53M).

Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.

CEO

David Heard (56 yo)

7.3yrs

Tenure

US$6,663,648

Compensation

Mr. David W. Heard serves as Chief Executive Officer and Director at Infinera Corporation since November 23, 2020. He serves as Chairman of the Board at Driving Management Systems, Inc. He had been Chief O...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Heard	CEO & Director	7.3yrs	US$6.66m	0.46% € 6.8m
David Welch	Co-Founder & Director	23.9yrs	US$943.70k	0.18% € 2.7m
Nancy Erba	CFO & CAO	5.3yrs	US$2.54m	0.24% € 3.6m
Nicholas Walden	Senior Vice President of Worldwide Sales	4.9yrs	US$1.73m	0.070% € 1.0m
Craig Cocchi	Senior Vice President of Global Operations	no data	no data	no data
Amitabh Passi	Head of Investor Relations	no data	no data	no data
Regan MacPherson	Chief Legal Officer & Corporate Secretary	less than a year	no data	no data
Russ Esmacher	Senior VP of Strategy	3.6yrs	no data	no data
Brett Hooper	Chief Human Resources Officer	no data	no data	no data
Alexander Derecho	Senior Vice President of Global Services	6.9yrs	no data	no data
Patrick DiPietro	Senior Vice President of Integration Management Office	6.2yrs	no data	no data
Robert Shore	Senior Vice President of Marketing	no data	no data	no data

5.8yrs

Average Tenure

59.5yo

Average Age

Experienced Management: IX6's management team is seasoned and experienced (5.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Heard	CEO & Director	4.1yrs	US$6.66m	0.46% € 6.8m
David Welch	Co-Founder & Director	14.2yrs	US$943.70k	0.18% € 2.7m
Gregory Dougherty	Independent Director	5.9yrs	US$266.00k	0.091% € 1.4m
Christine Bucklin	Independent Director	4.5yrs	US$262.50k	0.057% € 847.8k
Paul Milbury	Independent Director	14.4yrs	US$279.08k	0.081% € 1.2m
Roop Lakkaraju	Independent Director	2.8yrs	US$273.41k	0.037% € 550.4k
Roger Baker	Member of Government Advisory Board	8.8yrs	no data	no data
Sharon Holt	Independent Director	5.5yrs	US$270.00k	0.098% € 1.5m
Amy Rice	Independent Director	4.7yrs	no data	no data
George Riedel	Independent Chairman of the Board	4.5yrs	US$331.00k	0.071% € 1.1m
Henry Sienkiewicz	Member of Government Advisory Board	8.8yrs	no data	no data

5.5yrs

Average Tenure

62yo

Average Age

Experienced Board: IX6's board of directors are considered experienced (5.5 years average tenure).

Infinera Management

Management criteria checks 2/4

Key information

Recent management updates

Infinera Corporation Announces Executive Changes

Infinera Corporation Announces Executive Changes

Infinera Corporation, Annual General Meeting, Jun 12, 2024

Infinera Corporation Appoints Regan MacPherson as the Senior Vice President of Legal and to Transition into the Role of the Company’s Chief Legal Officer and Corporate Secretary

Infinera Appoints Scotty Benda as Senior Vice President of Worldwide Systems Engineering

High number of new directors

Recent updates

Third quarter 2024 earnings released: US$0.061 loss per share (vs US$0.041 loss in 3Q 2023)

Nokia Oyj (HLSE:NOKIA) entered into a definitive agreement to acquire Infinera Corporation (NasdaqGS:INFN) from Oaktree Optical Holdings, L.P. and others for $1.7 billion.

Nokia Oyj (HLSE:NOKIA) entered into a definitive agreement to acquire Infinera Corporation (NasdaqGS:INFN) from Oaktree Optical Holdings, L.P. and others for $1.7 billion.

Infinera Corporation, DZS, and Calnex Successfully Demonstrate 5G Mobile xHaul with Open XR Point-To-Multipoint Optics in European Open Test & Integration Center in Torino

Infinera Corporation Announces Executive Changes

Infinera Corporation Announces Executive Changes

Infinera Corporation, Annual General Meeting, Jun 12, 2024

Infinera Corporation Provides Earnings Guidance for the Second Quarter Ending June 29, 2024; Provides Revenue Guidance for the Full Year of 2024

Infinera Corporation announced delayed 10-Q filing

Infinera Corporation to Report Q1, 2024 Results on May 14, 2024

Infinera Corporation Announces Notification of Delinquency with Nasdaq

Infinera Announces New Line of High-Performance 1.6 Tb/s Optics to Reduce Power per Bit by up to 75% for AI-driven Intra-Data Center Connectivity Applications

Infinera Corporation Appoints Regan MacPherson as the Senior Vice President of Legal and to Transition into the Role of the Company’s Chief Legal Officer and Corporate Secretary

Infinera Announces Availability of Next Generation Multi-Haul Optical Line System Functionality for Gx Series Platform

Infinera Corporation announced delayed annual 10-K filing

Infinera Corporation to Report Q3, 2023 Results on Feb 29, 2024

Infinera Corporation Reaffirms Preliminary Unaudited Earnings Guidance for the Third Quarter and Fourth Quarter of 2023

Infinera Awarded California Competes Grant to Increase Domestic Production of Next Generation Semiconductors from California Governor's Office of Business and Economic Development

Infinera Awarded California Competes Grant to Increase Domestic Production of Next Generation Semiconductors from California Governor's Office of Business and Economic Development

Infinera Corporation Announces Notification of Delinquency with Nasdaq

Infinera Corporation Provides Earnings Guidance for the Quarter Ending December 30, 2023

Infinera Corporation announced delayed 10-Q filing

Forecast to breakeven in 2025

New major risk - Share price stability

Infinera Corporation to Report Q3, 2023 Results on Nov 08, 2023

Infinera Corporation Provides Earnings Guidance for the Quarter Ending September 30, 2023

Forecast to breakeven in 2024

New minor risk - Profitability

Second quarter 2023 earnings released: US$0.09 loss per share (vs US$0.26 loss in 2Q 2022)

Infinera Corporation to Report Q2, 2023 Results on Aug 09, 2023

Infinera Appoints Scotty Benda as Senior Vice President of Worldwide Systems Engineering

Infinera and Sumitomo Electric First to Demonstrate Revolutionary Point-To-Multipoint Optical Transmission Technology in Japan

Infinera Corporation Provides Earnings Guidance for the Second Quarter Ending July 1, 2023

First quarter 2023 earnings released: US$0.038 loss per share (vs US$0.20 loss in 1Q 2022)

Full year 2022 earnings released: US$0.35 loss per share (vs US$0.82 loss in FY 2021)

Infinera Corporation to Report Q4, 2022 Results on Feb 23, 2023

High number of new directors

Third quarter 2022 earnings released: US$0.055 loss per share (vs US$0.26 loss in 3Q 2021)

Infinera Corporation Provides Revenue Guidance for the Quarter Ending December 31, 2022

Infinera Corporation to Report Q3, 2022 Results on Nov 02, 2022

Second quarter 2022 earnings released: US$0.26 loss per share (vs US$0.17 loss in 2Q 2021)

Infinera Corporation Provides Earnings Guidance for the Quarter Ending September 24, 2022

Infinera Corporation to Report Q2, 2022 Results on Jul 28, 2022

Independent Chairman of the Board recently bought €50k worth of stock

CEO & Director recently bought €112k worth of stock

First quarter 2022 earnings released: US$0.20 loss per share (vs US$0.24 loss in 1Q 2021)

Infinera Corporation Provides Revenue Guidance for the Quarter Ending June 25, 2022

High number of new directors

Infinera Corporation to Report Q1, 2022 Results on May 03, 2022

Infinera Corporation, Annual General Meeting, May 19, 2022

Infinera Announces ICE-XR Pluggables Availability and a Suite of Open Optical Automation Solutions

Co-Founder recently sold €4.5m worth of stock

Infinera Introduces ICE6 Turbo

High number of new directors

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

Infinera Corporation Provides Revenue Guidance for the Quarter Ending March 26, 2022

Infinera Corporation to Report Q4, 2021 Results on Feb 16, 2022

Fastweb and Infinera Successfully Achieve Record-breaking 600 Gb/s Transmission Speed Trial on Milan-Bari Network

Third quarter 2021 earnings released: US$0.26 loss per share (vs US$0.19 loss in 3Q 2020)

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age