Commvault Systems Management
Management criteria checks 2/4
Commvault Systems' CEO is Sanjay Mirchandani, appointed in Feb 2019, has a tenure of 5.17 years. total yearly compensation is $10.85M, comprised of 5.9% salary and 94.1% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth $12.31M. The average tenure of the management team and the board of directors is 4.1 years and 5.7 years respectively.
Key information
Sanjay Mirchandani
Chief executive officer
US$10.9m
Total compensation
| CEO salary percentage | 5.9% |
| CEO tenure | 5.2yrs |
| CEO ownership | 0.3% |
| Management average tenure | 4.1yrs |
| Board average tenure | 5.7yrs |
Recent management updates
Recent updates
Commvault Systems, Inc. (NASDAQ:CVLT) Shares Could Be 38% Below Their Intrinsic Value Estimate
Apr 24
Commvault: Decent Secular Tailwinds, But Appears Fully Valued
Apr 02Results: Commvault Systems, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Feb 01Commvault: Low Conversions Are A Concern
Jan 19Is Commvault Systems, Inc. (NASDAQ:CVLT) Trading At A 37% Discount?
Jan 15Commvault Systems, Inc.'s (NASDAQ:CVLT) Share Price Not Quite Adding Up
Dec 19Commvault Systems, Inc. (NASDAQ:CVLT) Shares Could Be 38% Below Their Intrinsic Value Estimate
Oct 02Calculating The Fair Value Of Commvault Systems, Inc. (NASDAQ:CVLT)
Jun 20Commvault Systems, Inc.'s (NASDAQ:CVLT) Business Is Trailing The Industry But Its Shares Aren't
May 08Is Commvault Systems, Inc. (NASDAQ:CVLT) Trading At A 26% Discount?
Jan 30Is Now The Time To Put Commvault Systems (NASDAQ:CVLT) On Your Watchlist?
Jan 09Is There An Opportunity With Commvault Systems, Inc.'s (NASDAQ:CVLT) 48% Undervaluation?
Oct 18Commvault Systems Continues SaaS Transition Amid Slowing Macro Environment
Sep 08CommVault Systems FQ1 2023 Earnings Preview
Jul 25Commvault Systems downgraded to neutral at Piper Sandler citing supply chain issues
Jul 13Is Commvault Systems, Inc. (NASDAQ:CVLT) Trading At A 48% Discount?
Jun 15Commvault Systems, Inc.'s (NASDAQ:CVLT) Intrinsic Value Is Potentially 89% Above Its Share Price
Feb 17CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | -US$707k |
| Sep 30 2023 | n/a | n/a | -US$18m |
| Jun 30 2023 | n/a | n/a | -US$27m |
| Mar 31 2023 | US$11m | US$645k | -US$36m |
| Dec 31 2022 | n/a | n/a | US$16m |
| Sep 30 2022 | n/a | n/a | US$26m |
| Jun 30 2022 | n/a | n/a | US$23m |
| Mar 31 2022 | US$11m | US$634k | US$34m |
| Dec 31 2021 | n/a | n/a | US$32m |
| Sep 30 2021 | n/a | n/a | US$24m |
| Jun 30 2021 | n/a | n/a | -US$19m |
| Mar 31 2021 | US$8m | US$506k | -US$31m |
| Dec 31 2020 | n/a | n/a | -US$28m |
| Sep 30 2020 | n/a | n/a | -US$31m |
| Jun 30 2020 | n/a | n/a | US$3m |
| Mar 31 2020 | US$6m | US$500k | -US$6m |
| Dec 31 2019 | n/a | n/a | -US$17m |
| Sep 30 2019 | n/a | n/a | -US$3m |
| Jun 30 2019 | n/a | n/a | US$5m |
| Mar 31 2019 | US$12m | US$77k | US$4m |
Compensation vs Market: Sanjay's total compensation ($USD10.85M) is above average for companies of similar size in the US market ($USD6.57M).
Compensation vs Earnings: Sanjay's compensation has increased whilst the company is unprofitable.
CEO
Sanjay Mirchandani (59 yo)
5.2yrs
Tenure
US$10,852,803
Compensation
Mr. Sanjay Mirchandani serves as President and Chief Executive Officer and Director at Commvault Systems, Inc. since February 5, 2019. He is Independent Director of Itron, Inc. since July 18, 2023. He serv...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.2yrs | US$10.85m | 0.29% $ 12.3m | |
| Chief Financial Officer | 1.8yrs | US$2.48m | 0.20% $ 8.6m | |
| CTO & VP | 9.1yrs | no data | no data | |
| Director of Investor Relations | 4.8yrs | no data | no data | |
| VP, Chief Legal & Compliance Officer and Corporate Secretary | 2.3yrs | no data | no data | |
| Chief Marketing Officer | 1.2yrs | no data | no data | |
| Chief People Officer | 4.1yrs | no data | no data | |
| VP & Chief Product Officer | 14.3yrs | no data | no data | |
| VP of ASEAN & Chief of Staff - APAC | 4.9yrs | no data | no data | |
| Chief Partner Officer | 1.6yrs | no data | no data | |
| Chief Strategy Officer | no data | no data | no data | |
| Senior Vice President of Commvault EMEA & India | less than a year | no data | no data |
4.1yrs
Average Tenure
51yo
Average Age
Experienced Management: CVLT's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.2yrs | US$10.85m | 0.29% $ 12.3m | |
| Independent Director | 27.9yrs | US$276.94k | 0.12% $ 5.1m | |
| Independent Director | 5.8yrs | US$276.94k | 0.043% $ 1.8m | |
| Independent Director | 5.8yrs | US$268.94k | 0.016% $ 697.5k | |
| Independent Director | 6.2yrs | US$271.94k | 0.030% $ 1.3m | |
| Independent Chairman of the Board | 5.7yrs | US$370.69k | 0.036% $ 1.5m | |
| Independent Director | 1.3yrs | US$161.60k | 0.0050% $ 210.4k | |
| Independent Director | 3.8yrs | US$283.94k | 0.025% $ 1.1m | |
| Independent Director | 3.8yrs | US$261.94k | 0.0093% $ 395.4k |
5.7yrs
Average Tenure
59yo
Average Age
Experienced Board: CVLT's board of directors are considered experienced (5.7 years average tenure).