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
| 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 |
|---|---|---|---|---|
| CEO & Director | 2.1yrs | US$6.64m | 0.071% MX$ 66.1m | |
| Senior VP & CFO | 22.9yrs | US$2.36m | 0.099% MX$ 92.2m | |
| Senior VP | 1.3yrs | US$1.99m | 0.054% MX$ 50.8m | |
| Senior VP & CTO | 1.3yrs | US$2.00m | 0.13% MX$ 116.9m | |
| Senior VP | 22.3yrs | US$2.02m | 0.71% MX$ 665.6m | |
| VP, Corporate Controller | 16.8yrs | no data | 0.011% MX$ 10.3m | |
| Senior VP & Chief Scientist | 1.3yrs | no data | 1.97% MX$ 1.8b | |
| Director of Investor Relations | no data | no data | no data | |
| Senior Vice President of Sales & Strategic Business Development | 10.3yrs | US$1.88m | 0.023% MX$ 21.4m | |
| 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 |
|---|---|---|---|---|
| CEO & Director | 22.8yrs | US$6.64m | 0.071% MX$ 66.1m | |
| Senior VP | 1.3yrs | US$1.99m | 0.054% MX$ 50.8m | |
| Independent Director | 22.8yrs | US$297.50k | 0.12% MX$ 112.4m | |
| Independent Non-Executive Chairman | 10.7yrs | US$377.50k | 0.014% MX$ 13.4m | |
| Independent Director | 4.4yrs | US$326.87k | 0.015% MX$ 13.7m | |
| Independent Director | 1.3yrs | US$280.30k | 0.0052% MX$ 4.9m | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 9yrs | US$317.50k | 0.030% MX$ 28.2m | |
| Independent Director | 2.4yrs | US$302.50k | 0.0066% MX$ 6.2m | |
| Director | 2.4yrs | US$290.00k | 1.97% MX$ 1.8b |
3.4yrs
Average Tenure
65yo
Average Age
Experienced Board: IPGP *'s board of directors are considered experienced (3.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/06/13 13:13 |
| End of Day Share Price | 2023/03/16 00:00 |
| Earnings | 2023/03/31 |
| Annual Earnings | 2022/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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Industry and Sector Metrics
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Analyst Sources
IPG Photonics Corporation is covered by 31 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christopher Muse | Barclays |
| Mark Miller | Benchmark Company |
| Andrew DeGasperi | Berenberg |