Garmin Ltd.

BMV:GRMN N Stock Report

Market Cap: Mex$820.4b

Garmin Management

Management criteria checks 3/4

Garmin's CEO is Cliff Albert Pemble, appointed in Oct 2007, has a tenure of 17.08 years. total yearly compensation is $6.54M, comprised of 20.7% salary and 79.3% bonuses, including company stock and options. directly owns 0.041% of the company’s shares, worth MX$332.83M. The average tenure of the management team and the board of directors is 10.3 years and 8.9 years respectively.

Key information

Cliff Albert Pemble

Chief executive officer

US$6.5m

Total compensation

CEO salary percentage20.7%
CEO tenure17.1yrs
CEO ownership0.04%
Management average tenure10.3yrs
Board average tenure8.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Cliff Albert Pemble's remuneration changed compared to Garmin's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 28 2024n/an/a

US$2b

Jun 29 2024n/an/a

US$1b

Mar 30 2024n/an/a

US$1b

Dec 30 2023US$7mUS$1m

US$1b

Sep 30 2023n/an/a

US$1b

Jul 01 2023n/an/a

US$994m

Apr 01 2023n/an/a

US$964m

Dec 31 2022US$5mUS$1m

US$974m

Sep 24 2022n/an/a

US$966m

Jun 25 2022n/an/a

US$1b

Mar 26 2022n/an/a

US$1b

Dec 25 2021US$4mUS$1m

US$1b

Sep 25 2021n/an/a

US$1b

Jun 26 2021n/an/a

US$1b

Mar 27 2021n/an/a

US$1b

Dec 26 2020US$4mUS$1m

US$992m

Sep 26 2020n/an/a

US$1b

Jun 27 2020n/an/a

US$934m

Mar 28 2020n/an/a

US$973m

Dec 28 2019US$3mUS$1m

US$952m

Sep 28 2019n/an/a

US$782m

Jun 29 2019n/an/a

US$738m

Mar 30 2019n/an/a

US$705m

Dec 29 2018US$3mUS$900k

US$694m

Sep 29 2018n/an/a

US$646m

Jun 30 2018n/an/a

US$613m

Mar 31 2018n/an/a

US$600m

Dec 30 2017US$2mUS$750k

US$709m

Compensation vs Market: Cliff's total compensation ($USD6.54M) is about average for companies of similar size in the MX market ($USD5.75M).

Compensation vs Earnings: Cliff's compensation has increased by more than 20% in the past year.

CEO

Cliff Albert Pemble (58 yo)

17.1yrs

Tenure

US$6,540,666

Compensation

Mr. Clifton Albert Pemble, also known as Cliff, has been the Chief Executive Officer of Garmin Ltd., since January 1, 2013 and is its President since October 2007. Mr. Pemble serves as the Managing Directo...

Leadership Team

NamePositionTenureCompensationOwnership
Clifton Albert Pemble
President17.1yrsUS$6.54m0.041%
MX$ 332.8m
Douglas Boessen
CFO & Treasurer10.3yrsUS$2.04m0.0065%
MX$ 53.4m
Patrick Desbois
Co-Chief Operating Officerless than a yearUS$2.54m0.019%
MX$ 152.4m
Philip Straub
Executive VP & MD of Aviation - Garmin Internationalno dataUS$2.25m0.036%
MX$ 291.5m
Andrew Etkind
VP & Secretary24.3yrsUS$1.63m0.034%
MX$ 279.0m
Min-Hwan Kao
Co-Founder & Executive Chairman21.8yrsUS$384.43k9.51%
MX$ 78.0b
Brad Trenkle
Co-Chief Operating Officerless than a yearno data0.011%
MX$ 87.9m
Teri Seck
Manager of Investor Relationsno datano datano data
Joshua Maxfield
VP, General Counsel & Assistant Secretaryless than a yearno data0.0055%
MX$ 45.1m
Ted Gartner
Director of Corporate Communicationsno datano datano data
Laurie Minard
Vice President of Human Resources17.3yrsno data0.0022%
MX$ 18.3m
Susan Lyman
VP & Global Consumer Marketingless than a yearno data0.00022%
MX$ 1.8m

10.3yrs

Average Tenure

58yo

Average Age

Experienced Management: GRMN N's management team is seasoned and experienced (10.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Clifton Albert Pemble
President20.3yrsUS$6.54m0.041%
MX$ 332.8m
Min-Hwan Kao
Co-Founder & Executive Chairman21.8yrsUS$384.43k9.51%
MX$ 78.0b
Joseph Hartnett
Independent Director11.4yrsUS$243.94k0.010%
MX$ 84.2m
Susan Ball
Independent Directorless than a yearno data0.000090%
MX$ 738.4k
Catherine Lewis
Independent Director5.4yrsUS$238.84k0.0030%
MX$ 24.5m
Jonathan Burrell
Independent Director6.4yrsUS$243.94k9.28%
MX$ 76.2b

8.9yrs

Average Tenure

64.5yo

Average Age

Experienced Board: GRMN N's board of directors are considered experienced (8.9 years average tenure).