Fortinet Management

Management criteria checks 2/4

Fortinet's CEO is Ken Xie, appointed in Oct 2000, has a tenure of 24.17 years. total yearly compensation is $16.30M, comprised of 3.8% salary and 96.2% bonuses, including company stock and options. directly owns 8.35% of the company’s shares, worth $6.23B. The average tenure of the management team and the board of directors is 1.4 years and 4.7 years respectively.

Key information

Ken Xie

Chief executive officer

US$16.3m

Total compensation

CEO salary percentage3.8%
CEO tenure24.2yrs
CEO ownership8.4%
Management average tenure1.4yrs
Board average tenure4.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ken Xie's remuneration changed compared to Fortinet's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$2b

Jun 30 2024n/an/a

US$1b

Mar 31 2024n/an/a

US$1b

Dec 31 2023US$16mUS$622k

US$1b

Sep 30 2023n/an/a

US$1b

Jun 30 2023n/an/a

US$1b

Mar 31 2023n/an/a

US$967m

Dec 31 2022US$14mUS$797k

US$857m

Sep 30 2022n/an/a

US$743m

Jun 30 2022n/an/a

US$674m

Mar 31 2022n/an/a

US$638m

Dec 31 2021US$14mUS$797k

US$607m

Sep 30 2021n/an/a

US$555m

Jun 30 2021n/an/a

US$515m

Mar 31 2021n/an/a

US$491m

Dec 31 2020US$11mUS$793k

US$489m

Sep 30 2020n/an/a

US$460m

Jun 30 2020n/an/a

US$417m

Mar 31 2020n/an/a

US$378m

Dec 31 2019US$10mUS$750k

US$332m

Sep 30 2019n/an/a

US$396m

Jun 30 2019n/an/a

US$375m

Mar 31 2019n/an/a

US$349m

Dec 31 2018US$7mUS$625k

US$335m

Sep 30 2018n/an/a

US$121m

Jun 30 2018n/an/a

US$89m

Mar 31 2018n/an/a

US$62m

Dec 31 2017US$4mUS$451k

US$31m

Compensation vs Market: Ken's total compensation ($USD16.30M) is above average for companies of similar size in the UK market ($USD5.74M).

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


CEO

Ken Xie (61 yo)

24.2yrs

Tenure

US$16,301,613

Compensation

Mr. Ken Xie has been Founder, Chief Executive Officer and Director at Fortinet, Inc. since October 2000. Mr. Xie serves as an Advisor at WI Harper Group. He serves as an Advisor at ForgePoint Capital Manag...


Leadership Team

NamePositionTenureCompensationOwnership
Ken Xie
Founder24.2yrsUS$16.30m8.35%
$ 6.2b
Michael Xie
Founder24.2yrsUS$7.37m7.41%
$ 5.5b
Keith Jensen
Chief Financial Officer6.8yrsUS$7.05m0.00061%
$ 454.9k
John Whittle
COO & Corporate Secretary17.9yrsUS$4.66m0.0066%
$ 4.9m
Christiane Ohlgart
Chief Accounting Officer & Principal Accounting Officerless than a yearno data0.00034%
$ 253.5k
Trevor Pagliara
Executive Vice President of Salesless than a yearno datano data
Chris Perna
Vice President of Talent Acquisition4.9yrsno datano data
Matthew Pley
Executive Vice President of America Salesless than a yearno datano data
Robert May
Executive Vice President of Technology & Product Management1.9yrsno datano data
Joe Sarno
Executive Vice President of International Salesless than a yearno datano data
Carl Windsor
Chief Information Security Officerless than a yearno datano data
Jaime Romero
Executive Vice President of Marketingless than a yearno datano data

1.4yrs

Average Tenure

56yo

Average Age

Experienced Management: 0IR9's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Ken Xie
Founder24.2yrsUS$16.30m8.35%
$ 6.2b
Michael Xie
Founder23.8yrsUS$7.37m7.41%
$ 5.5b
Kenneth Goldman
Independent Director4.2yrsUS$277.94k0.0055%
$ 4.1m
William Neukom
Independent Director11.9yrsUS$294.86k0.039%
$ 29.0m
Ming Hsieh
Independent Director11.7yrsUS$271.69k0.0074%
$ 5.5m
Gary Locke
Chairperson of Public Sector Advisory Council2.5yrsUS$331.61kno data
Judith Sim
Lead Independent Director9.5yrsUS$277.36k0.016%
$ 12.0m
James Clapper
Member of Public Sector Advisory Council2.5yrsno datano data
Jean Hu
Independent Director5.2yrsUS$270.77k0.0043%
$ 3.2m
James Stavridis
Independent Director3.2yrsUS$264.52k0.0015%
$ 1.1m
Peter Jennings
Member of Public Sector Advisory Council2.5yrsno datano data
Richard Shirreff
Member of Public Sector Advisory Council2.5yrsno datano data

4.7yrs

Average Tenure

68yo

Average Age

Experienced Board: 0IR9's board of directors are considered experienced (4.7 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 11:55
End of Day Share Price 2024/12/26 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 .

Analyst Sources

Fortinet, Inc. is covered by 81 analysts. 41 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Shrenik KothariBaird
Ishan MajumdarBaptista Research
Saket KaliaBarclays