EPAM Systems Management

Management criteria checks 4/4

EPAM Systems' CEO is Arkadiy Dobkin, appointed in Jan 1993, has a tenure of 31.25 years. total yearly compensation is $7.55M, comprised of 10.8% salary and 89.2% bonuses, including company stock and options. directly owns 2.96% of the company’s shares, worth MX$6.99B. The average tenure of the management team and the board of directors is 7.8 years and 6.7 years respectively.

Key information

Arkadiy Dobkin

Chief executive officer

US$7.5m

Total compensation

CEO salary percentage	10.8%
CEO tenure	31.3yrs
CEO ownership	3.0%
Management average tenure	7.8yrs
Board average tenure	6.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Arkadiy Dobkin's remuneration changed compared to EPAM Systems's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$8m	US$813k	US$417m
Sep 30 2023	n/a	n/a	US$475m
Jun 30 2023	n/a	n/a	US$533m
Mar 31 2023	n/a	n/a	US$432m
Dec 31 2022	US$6m	US$775k	US$419m
Sep 30 2022	n/a	n/a	US$407m
Jun 30 2022	n/a	n/a	US$366m
Mar 31 2022	n/a	n/a	US$462m
Dec 31 2021	US$6m	US$688k	US$482m
Sep 30 2021	n/a	n/a	US$425m
Jun 30 2021	n/a	n/a	US$399m
Mar 31 2021	n/a	n/a	US$351m
Dec 31 2020	US$5m	US$625k	US$327m
Sep 30 2020	n/a	n/a	US$316m
Jun 30 2020	n/a	n/a	US$294m
Mar 31 2020	n/a	n/a	US$286m
Dec 31 2019	US$4m	US$588k	US$261m
Sep 30 2019	n/a	n/a	US$246m
Jun 30 2019	n/a	n/a	US$245m
Mar 31 2019	n/a	n/a	US$237m
Dec 31 2018	US$4m	US$538k	US$240m
Sep 30 2018	n/a	n/a	US$149m
Jun 30 2018	n/a	n/a	US$126m
Mar 31 2018	n/a	n/a	US$114m
Dec 31 2017	US$3m	US$488k	US$73m

Compensation vs Market: Arkadiy's total compensation ($USD7.55M) is about average for companies of similar size in the MX market ($USD6.09M).

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

CEO

Arkadiy Dobkin (63 yo)

31.3yrs

Tenure

US$7,545,130

Compensation

Mr. Arkadiy Dobkin co-founded EPAM Systems, Inc., a subsidiary of B2BITS Corp. in 1993 and has been Chairman, Chief Executive Officer and President since December 2002. Mr. Dobkin began his career in Russi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Arkadiy Dobkin	Co-Founder	31.3yrs	US$7.55m	2.96% $ 7.0b
Jason Peterson	Senior VP	6.9yrs	US$6.85m	0.013% $ 31.3m
Lawrence Solomon	Senior VP & Chief People Officer	7.5yrs	US$2.69m	0.011% $ 26.3m
Balazs Fejes	President of EU & APAC Markets	11.7yrs	US$3.88m	0.0093% $ 22.1m
Victor Dvorkin	Senior VP & Head of Global Delivery	no data	US$2.69m	0.036% $ 85.6m
Yuriy Goliyad	Head of Global Operations & Senior VP	8.3yrs	no data	no data
Gary Abrahams	VP, Corporate Controller & Chief Accounting Officer	7.8yrs	no data	0.0020% $ 4.8m
David Straube	Head of Investor Relations	no data	no data	no data
Philip Storm	Senior VP & Chief Compliance Officer	6.6yrs	no data	no data
Edward Rockwell	Senior VP	5.5yrs	no data	0.0047% $ 11.1m
Elaina Shekhter	Chief Marketing & Strategy Officer and SVP	9.1yrs	US$1.12m	0.0053% $ 12.4m
David Scott	Senior Vice President of Business Solutions	no data	no data	no data

7.8yrs

Average Tenure

54.5yo

Average Age

Experienced Management: EPAM *'s management team is seasoned and experienced (7.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Arkadiy Dobkin	Co-Founder	21.3yrs	US$7.55m	2.96% $ 7.0b
Richard Mayoras	Independent Non-Employee Director	11.3yrs	US$311.45k	0.014% $ 33.7m
Karl Robb	Independent Director	20.1yrs	US$388.45k	0.0092% $ 21.7m
Mark Boxer	Member of Advisory Board	3.3yrs	no data	no data
Eugene Roman	Independent Non-Employee Director	4.2yrs	US$282.90k	0.000090% $ 212.5k
Ronald Vargo	Lead Independent Non-Employee Director	12.3yrs	US$350.45k	0.015% $ 34.7m
Robert Segert	Independent Non-Employee Director	12.3yrs	US$309.45k	0.030% $ 70.5m
Helen Shan	Independent Non-Employee Director	5.6yrs	US$328.45k	0.0067% $ 15.8m
Jill Smart	Independent Non-Employee Director	7.8yrs	US$289.90k	0.012% $ 28.1m
Norman Judah	Member of Advisory Board	3.3yrs	no data	no data
DeAnne Aguirre	Independent Director	1.1yrs	US$382.23k	0% $ 0
Chandra McMahon	Independent Director	less than a year	US$343.61k	0.0023% $ 5.4m

6.7yrs

Average Tenure

62yo

Average Age

Experienced Board: EPAM *'s board of directors are considered experienced (6.7 years average tenure).

EPAM Systems Management

Management criteria checks 4/4

Key information

Recent management updates

EPAM Systems, Inc., Annual General Meeting, May 31, 2024

Co-Founder recently sold Mex$152m worth of stock

President of EU & APAC Markets recently sold Mex$18m worth of stock

Independent Non-Employee Director recently sold Mex$6.3m worth of stock

EPAM Systems, Inc. Appoints Chandra McMahon to its Board of Directors

Insider recently sold Mex$5.1m worth of stock

Recent updates

EPAM Systems, Inc., Annual General Meeting, May 31, 2024

EPAM Systems, Inc. to Report Q1, 2024 Results on May 09, 2024

EPAM Systems, Inc. (NYSE:EPAM) acquired Vates S.A on March.

Co-Founder recently sold Mex$152m worth of stock

President of EU & APAC Markets recently sold Mex$18m worth of stock

EPAM Systems, Inc. Announces Launch of OSPulsetm, Enterprise-Level Analytics Dashboard

Now 20% overvalued

Full year 2023 earnings released: EPS: US$7.21 (vs US$7.32 in FY 2022)

EPAM Systems, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2024

EPAM Systems, Inc. to Report Q4, 2023 Results on Feb 15, 2024

Investor sentiment improves as stock rises 15%

Epam Systems, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year 2023

Third quarter 2023 earnings released: EPS: US$1.68 (vs US$2.72 in 3Q 2022)

EPAM Systems, Inc. to Report Q3, 2023 Results on Nov 02, 2023

Independent Non-Employee Director recently sold Mex$6.3m worth of stock

Reksoft Co., Ltd. acquired RNT Group from EPAM Systems, Inc. (NYSE:EPAM).

EPAM Systems, Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2023

Second quarter 2023 earnings released: EPS: US$2.07 (vs US$0.33 in 2Q 2022)

Epam Launches DIAL, A Unified Generative AI Orchestration Platform

EPAM Systems, Inc. to Report Q2, 2023 Results on Aug 03, 2023

EPAM Systems, Inc. Appoints Chandra McMahon to its Board of Directors

EPAM Systems, Inc. Provides Earnings Guidance for the Second Quarter and Full Year 2023

Investor sentiment deteriorates as stock falls 23%

Investor sentiment deteriorates as stock falls 16%

Epam Systems, Inc. Provides Earnings Guidance for Second Quarter Ending June 30, 2023 and Full Year Ending December 31, 2023

First quarter 2023 earnings released: EPS: US$1.77 (vs US$1.58 in 1Q 2022)

Investor sentiment deteriorates as stock falls 17%

Full year 2022 earnings released: EPS: US$7.32 (vs US$8.52 in FY 2021)

EPAM Systems, Inc. (NYSE:EPAM) announces an Equity Buyback for $500 million worth of its shares.

EPAM Systems, Inc. to Report Q4, 2022 Results on Feb 16, 2023

EPAM Systems, Inc. Launches Vehicle-To-Cloud Platform "AosEdge" That Allows Seamless Delivery and Updates of Software for Connected Cars

Epam Systems, Inc. Provides Earnings Guidance for the Fourth Quarter 2022

EPAM Systems, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Insider recently sold Mex$5.1m worth of stock

Second quarter 2022 earnings released: EPS: US$0.33 (vs US$2.03 in 2Q 2021)

EPAM Systems, Inc. Provides Earnings Guidance for the Third Quarter of 2022

Investor sentiment improved over the past week

EPAM Systems, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Insider recently sold Mex$680k worth of stock

Senior VP recently sold Mex$2.7m worth of stock

Senior VP recently sold Mex$2.7m worth of stock

Epam Systems, Inc. Provides Earnings Guidance for Second Quarter 2022

EPAM Systems, Inc., Annual General Meeting, Jun 02, 2022

EPAM Systems, Inc. to Report Q1, 2022 Results on May 05, 2022

Epam Systems, Inc. Withdrawing Its First Quarter and 2022 Financial Outlook Due to Heightened Uncertainties and Regional Impacts Resulting from Military Actions in Ukraine

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

EPAM Systems, Inc. Provides Earnings Guidance for First Quarter and Full Year of 2022

Investor sentiment deteriorated over the past week

EPAM Systems, Inc. (NYSE:EPAM) acquired Optiva Media S.L.

Lead Independent Non-Employee Director recently sold Mex$11m worth of stock

Independent Non-Employee Director recently sold Mex$10m worth of stock

Third quarter 2021 earnings released: EPS US$2.04 (vs US$1.60 in 3Q 2020)

High number of new directors

EPAM Systems, Inc. (NYSE:EPAM) entered into a voluntary takeover offer to acquire Emakina Group SA (ENXTBR:ALEMK) for approximately €120 million.

Second quarter 2021 earnings released: EPS US$2.03 (vs US$1.20 in 2Q 2020)

EPAM Systems, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2021

High number of new directors

EPAM Systems, Inc.(NYSE:EPAM) dropped from Russell 1000 Dynamic Index

Insider recently sold Mex$3.6m worth of stock

EPAM Systems, Inc. (NYSE:EPAM) acquired Just-Bi B.V.

EPAM Systems, Inc. Provides Earnings Guidance for the Second Quarter of 2021 and Full Year 2021

First quarter 2021 earnings released: EPS US$1.94 (vs US$1.55 in 1Q 2020)

EPAM Systems, Inc. (NYSE:EPAM) entered into an agreement to acquire PolSource Sp. z o.o.

Full year 2020 earnings released: EPS US$5.87 (vs US$4.77 in FY 2019)

Revenue beats expectations

EPAM Systems, Inc. Announces New Industry Advisory Board

EPAM Systems, Inc. to Report Q4, 2020 Results on Feb 18, 2021

Independent Non-Employee Director recently sold Mex$6.0m worth of stock

EPAM Systems, Inc. to Report Q3, 2020 Results on Nov 05, 2020