Novanta Management
Management criteria checks 3/4
Novanta's CEO is Matthijs Glastra, appointed in Sep 2016, has a tenure of 7.58 years. total yearly compensation is $8.26M, comprised of 9.5% salary and 90.5% bonuses, including company stock and options. directly owns 0.4% of the company’s shares, worth MX$402.38M. The average tenure of the management team and the board of directors is 4.6 years and 3.2 years respectively.
Key information
Matthijs Glastra
Chief executive officer
US$8.3m
Total compensation
| CEO salary percentage | 9.5% |
| CEO tenure | 7.6yrs |
| CEO ownership | 0.4% |
| Management average tenure | 4.6yrs |
| Board average tenure | 3.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$8m | US$784k | US$73m |
| Sep 29 2023 | n/a | n/a | US$76m |
| Jun 30 2023 | n/a | n/a | US$77m |
| Mar 31 2023 | n/a | n/a | US$73m |
| Dec 31 2022 | US$7m | US$731k | US$74m |
| Sep 30 2022 | n/a | n/a | US$73m |
| Jul 01 2022 | n/a | n/a | US$64m |
| Apr 01 2022 | n/a | n/a | US$58m |
| Dec 31 2021 | US$12m | US$690k | US$50m |
| Oct 01 2021 | n/a | n/a | US$49m |
| Jul 02 2021 | n/a | n/a | US$44m |
| Apr 02 2021 | n/a | n/a | US$44m |
| Dec 31 2020 | US$5m | US$625k | US$45m |
| Oct 02 2020 | n/a | n/a | US$41m |
| Jul 03 2020 | n/a | n/a | US$42m |
| Apr 03 2020 | n/a | n/a | US$40m |
| Dec 31 2019 | US$4m | US$640k | US$41m |
| Sep 27 2019 | n/a | n/a | US$43m |
| Jun 28 2019 | n/a | n/a | US$56m |
| Mar 29 2019 | n/a | n/a | US$57m |
| Dec 31 2018 | US$4m | US$581k | US$51m |
| Sep 28 2018 | n/a | n/a | US$39m |
| Jun 29 2018 | n/a | n/a | US$18m |
| Mar 30 2018 | n/a | n/a | US$12m |
| Dec 31 2017 | US$4m | US$511k | US$40m |
Compensation vs Market: Matthijs's total compensation ($USD8.26M) is above average for companies of similar size in the MX market ($USD2.61M).
Compensation vs Earnings: Matthijs's compensation has been consistent with company performance over the past year.
CEO
Matthijs Glastra (54 yo)
7.6yrs
Tenure
US$8,262,118
Compensation
Mr. Matthijs Glastra has been the Chief Executive Officer and Director of Novanta Inc. since September 1, 2016 and serves as its Chairman of the Board since May 13, 2021 and served as its Executive Officer...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of the Board | 7.6yrs | US$8.26m | 0.40% MX$ 402.4m | |
| Chief Financial Officer | 13.1yrs | US$3.36m | 0.34% MX$ 336.9m | |
| General Counsel & Corporate Secretary | 1.8yrs | US$1.35m | 0.0021% MX$ 2.1m | |
| Chief Human Resources Officer | 7.3yrs | US$1.50m | 0.092% MX$ 92.6m | |
| Corporate Controller & Chief Accounting Officer | 12.7yrs | no data | 0.046% MX$ 46.2m | |
| Chief Information Officer & Chief Information Security Officer | 3.3yrs | no data | no data | |
| Executive Vice President of Novanta Growth System & Global Supply Chain | 2.8yrs | no data | no data | |
| Group President of Automation Enabling Technologies Group | 2yrs | no data | no data | |
| Senior Vice President of Leadership Development and Diversity | less than a year | no data | no data | |
| Group President of Medical Solutions | 6yrs | no data | no data |
4.6yrs
Average Tenure
54yo
Average Age
Experienced Management: NOVT N's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of the Board | 7.6yrs | US$8.26m | 0.40% MX$ 402.4m | |
| Chairman Emeritus | 2.9yrs | US$233.48k | no data | |
| Independent Director | 1.8yrs | US$247.57k | 0.0018% MX$ 1.8m | |
| Independent Director | 1.8yrs | US$252.57k | 0.0020% MX$ 2.0m | |
| Independent Director | 3.2yrs | US$252.57k | 0.0034% MX$ 3.4m | |
| Independent Lead Director | 5.9yrs | US$292.56k | 0.0084% MX$ 8.5m | |
| Independent Director | 2.9yrs | US$277.62k | 0.0031% MX$ 3.2m | |
| Independent Director | 11.8yrs | US$257.57k | 0.0054% MX$ 5.4m | |
| Independent Director | 3.9yrs | US$257.56k | 0.0048% MX$ 4.8m |
3.2yrs
Average Tenure
56yo
Average Age
Experienced Board: NOVT N's board of directors are considered experienced (3.2 years average tenure).