IPG Photonics Management

Management criteria checks 3/4

IPG Photonics' CEO is Eugene Scherbakov, appointed in May 2021, has a tenure of 2.08 years. total yearly compensation is $6.64M, comprised of 11.8% salary and 88.2% bonuses, including company stock and options. directly owns 0.071% of the company’s shares, worth MX$66.12M. The average tenure of the management team and the board of directors is 6.2 years and 3.4 years respectively.

Key information

Eugene Scherbakov

Chief executive officer

US$6.6m

Total compensation

CEO salary percentage	11.8%
CEO tenure	2.1yrs
CEO ownership	0.07%
Management average tenure	6.2yrs
Board average tenure	3.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Eugene Scherbakov's remuneration changed compared to IPG Photonics's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2023	n/a	n/a	US$100m
Dec 31 2022	US$7m	US$785k	US$110m
Sep 30 2022	n/a	n/a	US$268m
Jun 30 2022	n/a	n/a	US$267m
Mar 31 2022	n/a	n/a	US$280m
Dec 31 2021	US$7m	US$803k	US$278m
Sep 30 2021	n/a	n/a	US$263m
Jun 30 2021	n/a	n/a	US$223m
Mar 31 2021	n/a	n/a	US$191m
Dec 31 2020	US$4m	US$628k	US$160m
Sep 30 2020	n/a	n/a	US$106m
Jun 30 2020	n/a	n/a	US$127m
Mar 31 2020	n/a	n/a	US$161m
Dec 31 2019	US$4m	US$617k	US$180m
Sep 30 2019	n/a	n/a	US$260m
Jun 30 2019	n/a	n/a	US$304m
Mar 31 2019	n/a	n/a	US$353m
Dec 31 2018	US$4m	US$674k	US$404m
Sep 30 2018	n/a	n/a	US$381m
Jun 30 2018	n/a	n/a	US$397m
Mar 31 2018	n/a	n/a	US$379m
Dec 31 2017	US$3m	US$510k	US$348m
Sep 30 2017	n/a	n/a	US$370m
Jun 30 2017	n/a	n/a	US$323m
Mar 31 2017	n/a	n/a	US$286m
Dec 31 2016	US$2m	US$511k	US$261m

Compensation vs Market: Eugene's total compensation ($USD6.64M) is above average for companies of similar size in the MX market ($USD2.75M).

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

CEO

Eugene Scherbakov (75 yo)

2.1yrs

Tenure

US$6,635,520

Compensation

Dr. Eugene A. Scherbakov, Ph D., has been Chief Executive Officer of IPG Photonics Corporation since May 4, 2021 and also has been its Director since September 2000. He served as the Chief Operating Office...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Eugene Scherbakov	CEO & Director	2.1yrs	US$6.64m	0.071% $ 66.1m
Timothy P. Mammen	Senior VP & CFO	22.9yrs	US$2.36m	0.099% $ 92.2m
Felix Stukalin	Senior VP	1.3yrs	US$1.99m	0.054% $ 50.8m
Alexander Ovtchinnikov	Senior VP & CTO	1.3yrs	US$2.00m	0.13% $ 116.9m
Angelo Lopresti	Senior VP	22.3yrs	US$2.02m	0.71% $ 665.6m
Thomas Burgomaster	VP, Corporate Controller	16.8yrs	no data	0.011% $ 10.3m
Igor Samartsev	Senior VP & Chief Scientist	1.3yrs	no data	1.97% $ 1.8b
Eugene Fedotoff	Director of Investor Relations	no data	no data	no data
Trevor Ness	Senior Vice President of Sales & Strategic Business Development	10.3yrs	US$1.88m	0.023% $ 21.4m
John Weaver	Vice President of Human Resources Worldwide	no data	no data	no data

6.2yrs

Average Tenure

60yo

Average Age

Experienced Management: IPGP *'s management team is seasoned and experienced (6.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Eugene Scherbakov	CEO & Director	22.8yrs	US$6.64m	0.071% $ 66.1m
Felix Stukalin	Senior VP	1.3yrs	US$1.99m	0.054% $ 50.8m
Michael Child	Independent Director	22.8yrs	US$297.50k	0.12% $ 112.4m
John Peeler	Independent Non-Executive Chairman	10.7yrs	US$377.50k	0.014% $ 13.4m
Gregory Dougherty	Independent Director	4.4yrs	US$326.87k	0.015% $ 13.7m
Agnes Tang	Independent Director	1.3yrs	US$280.30k	0.0052% $ 4.9m
Gregory Beecher	Independent Director	less than a year	no data	no data
Eric Meurice	Independent Director	9yrs	US$317.50k	0.030% $ 28.2m
Jeanmarie Desmond	Independent Director	2.4yrs	US$302.50k	0.0066% $ 6.2m
Natalia Pavlova	Director	2.4yrs	US$290.00k	1.97% $ 1.8b

3.4yrs

Average Tenure

65yo

Average Age

Experienced Board: IPGP *'s board of directors are considered experienced (3.4 years average tenure).

IPG Photonics Management

Management criteria checks 3/4

Key information

Recent management updates

IPG Photonics Corporation Announces Demise of Felix Stukalin, Senior Vice President, Chief Operating Officer and Member of Board of Directors

IPG Photonics Corporation Appoints Kolleen Kennedy as New Director

VP, Corporate Controller recently sold Mex$3.0m worth of stock

High number of new directors

IPG Photonics Corporation Announces Changes to the Board of Directors

IPG Photonics Corporation, Annual General Meeting, May 24, 2022

Recent updates

IPG Photonics Corporation to Report Q1, 2024 Results on Apr 30, 2024

Ipg Photonics Corporation Provides Earnings Guidance for the First Quarter of 2024

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

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

IPG Photonics Corporation Provides Earnings Guidance for the Third Quarter of 2023

IPG Photonics Corporation Appoints Kolleen Kennedy as New Director

VP, Corporate Controller recently sold Mex$3.0m worth of stock

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)

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

High number of new directors

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).

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

IPG Photonics Corporation to Report Q2, 2022 Results on Aug 02, 2022

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)

Investor sentiment deteriorated over the past week

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

Investor sentiment deteriorated over the past week

IPG Photonics Announces Continued Production at Russian Operations

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

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)

IPG Photonics Corporation Provides Financial Guidance for the Second Quarter of 2021

Senior VP recently sold Mex$12m 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

Investor sentiment deteriorated over the past week

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)

Revenue beats expectations

IPG Photonics Corporation to Report Q4, 2020 Results on Feb 16, 2021

IPG Photonics Corporation(NasdaqGS:IPGP) dropped from Russell 1000 Defensive Index

IPG Photonics Corporation Corporation Announces Board Changes

Senior Vice President of Components recently sold Mex$31m worth of stock

Senior Vice President of Components recently sold Mex$70m worth of stock

IPG Photonics Launches LightWELD™, Revolutionary Handheld Laser Welding System

Third quarter 2020 earnings released: EPS US$0.67

Revenue beats expectations

IPG Photonics Corporation to Report Q3, 2020 Results on Oct 30, 2020

First half earnings released

IPG Photonics Corporation to Report Q2, 2020 Results on Aug 04, 2020

IPG Photonics Corporation(NasdaqGS:IPGP) dropped from Russell 1000 Value-Defensive Index

IPG Photonics Corporation(NasdaqGS:IPGP) dropped from Russell 1000 Defensive Index

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age