Andrew K. Silvernail is the former CEO of IDEX Corporation, known for its innovative precision-engineered products. After taking the position in August 2011, he guided the company through important transitions, enhancing its market position. He has a solid educational background...
Andrew K. Silvernail is the former CEO of IDEX Corporation, known for its innovative precision-engineered products. After taking the position in August 2011, he guided the company through important transitions, enhancing its market position. He has a solid educational background with a bachelor's degree from the University of Michigan and an MBA from Harvard University. His career at IDEX began with leadership roles in health and science technologies. Under his watch, the company emphasized aligning executive pay with performance metrics like organic sales growth and total shareholder return. Silvernail's compensation fluctuated significantly during his tenure, reaching around $3.5 million in 2019, partly due to performance bonuses that reflected his success in steering the company. Interestingly, during this peak period, his stock holdings reached a value of $38 million. After separating from IDEX in December 2020, he faced challenges, including major forfeitures of unvested stock options, which were all tied to his performance. Today, his contributions to the company and experience in the engineering field are seen as valuable assets for future endeavors.