IPG Photonics Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Mark Gitin

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	7yrs
Board average tenure	3.6yrs

Recent management updates

Recent updates

CEO

Mark Gitin (57 yo)

less than a year

Tenure

Dr. Mark Milton Gitin 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 Instruments,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Timothy P. Mammen	Senior VP & CFO	24.1yrs	US$2.27m	0.12% $ 3.5m
Alexander Ovtchinnikov	Senior VP & CTO	2.5yrs	US$1.91m	0.13% $ 3.9m
Angelo Lopresti	Senior VP	23.5yrs	US$1.93m	0.77% $ 23.3m
Trevor Ness	Senior Vice President of Sales & Strategic Business Development	11.5yrs	US$1.89m	0.039% $ 1.2m
Eugene Scherbakov	Director & Advisor	less than a year	US$5.73m	0.099% $ 3.0m
Mark Gitin	CEO & Director	less than a year	no data	no data
Thomas Burgomaster	VP, Corporate Controller	18yrs	no data	0.015% $ 446.6k
Igor Samartsev	Senior VP & Chief Scientist	2.5yrs	no data	1.86% $ 56.0m
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

7.0yrs

Average Tenure

60yo

Average Age

Experienced Management: 0J86's management team is seasoned and experienced (7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Eugene Scherbakov	Director & Advisor	23.9yrs	US$5.73m	0.099% $ 3.0m
Mark Gitin	CEO & Director	less than a year	no data	no data
Michael Child	Independent Director	23.9yrs	US$297.46k	0.15% $ 4.5m
John Peeler	Independent Non-Executive Chairman	11.8yrs	US$386.62k	0.020% $ 611.0k
Gregory Dougherty	Independent Director	5.6yrs	US$324.96k	0.021% $ 621.6k
Agnes Tang	Independent Director	2.4yrs	US$301.42k	0.0085% $ 256.6k
Gregory Beecher	Independent Director	1.6yrs	US$434.51k	0.0068% $ 204.5k
Eric Meurice	Independent Director	10.2yrs	US$311.38k	0.037% $ 1.1m
Kolleen Kennedy	Independent Director	less than a year	US$269.99k	no data
Jeanmarie Desmond	Independent Director	3.6yrs	US$323.08k	0.0098% $ 294.6k
Natalia Pavlova	Director	3.6yrs	US$289.96k	0.26% $ 7.9m

3.6yrs

Average Tenure

65.5yo

Average Age

Experienced Board: 0J86's board of directors are considered experienced (3.6 years average tenure).

IPG Photonics Management

Management criteria checks 2/4

Key information

Recent management updates

IPG Photonics Corporation, Annual General Meeting, Jun 18, 2024

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

High number of new directors

IPG Photonics Corporation Appoints Kolleen Kennedy as New Director

High number of new directors

Recent updates

Investor sentiment deteriorates as stock falls 22%

IPG Photonics Corporation Provides Earnings Guidance for the Third Quarter of 2024

New major risk - Revenue and earnings growth

Second quarter 2024 earnings released: EPS: US$0.45 (vs US$1.32 in 2Q 2023)

IPG Photonics Corporation to Report Q2, 2024 Results on Jul 30, 2024

IPG Photonics Launches Lightweld® 2000 Xr

IPG Photonics Corporation, Annual General Meeting, Jun 18, 2024

Ipg Photonics Launches Cobot Laser Welding and Cleaning System

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 20% undervalued after recent price drop

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

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

High number of new directors

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)

High number of new directors

Independent Director recently sold US$129k worth of stock

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

Investor sentiment improves as stock rises 15%

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)

High number of new directors

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

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 US$251k worth of stock

Investor sentiment deteriorated over the past week

Now 20% undervalued after recent price drop

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

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

Now 22% undervalued after recent price drop

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

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

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 US$573k 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)