Adam Elsesser is the CEO and co-founder of Penumbra, Inc., a company dedicated to innovative medical solutions. Born in 1977, he earned an MBA from Harvard Business School and has played a crucial role in the company's success since its...
Adam Elsesser is the CEO and co-founder of Penumbra, Inc., a company dedicated to innovative medical solutions. Born in 1977, he earned an MBA from Harvard Business School and has played a crucial role in the company's success since its inception in 2004. His leadership saw the company grow its stock value significantly, with notable insider trading peaks like $315.62 million in June 2023. Elsesser's approach to compensation reflects his commitment to the business. He maintains a modest salary of $600,000, far below typical CEO pay in similar roles, aligning his interests closely with the long-term goals of Penumbra. Uniquely, he declined additional compensation when appointed as President in 2020, emphasizing his focus on the company's mission rather than personal gain. His history includes previous leadership roles in medical device firms, which adds to his expertise in the field. Adam's leadership is marked by a focus on long-term strategies and a hands-on understanding of the medical device industry's challenges and opportunities.