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C. Jeffrey McGowan has been the CEO of Martin Marietta Materials since 2010. This company is a key player in the construction materials industry. McGowan studied engineering at the University of North Carolina and has built a solid career in...

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C. Jeffrey McGowan

Ex-CEO of Martin Marietta Materials

Education

Bachelor's degree from the University of North Carolina at Chapel Hill

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Basic Materials

Born

January 1, 1956 - 69 years ago

CEO of Martin Marietta Materials for

5 years 11 months (May 2010 - May 2016)

Previous Experience

Formerly served as Chief Operating Officer of Martin Marietta Materials, Inc.

Holdings

See how much did C. Jeffrey McGowan make over time.

As the CEO of Martin Marietta, C. Jeffrey McGowan has seen fluctuations in his stock holdings. At various points, he has held a significant portion of his wealth in company shares. Notably, his focus has shifted towards performance-based compensation rather...

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did C. Jeffrey McGowan make over time.

C. Jeffrey McGowan's compensation package for 2016 was around $2.67 million. This included a base salary of $1,005,000 and a bonus that made up the bulk of his earnings, which was $1,300,000 based on the company's performance. Unlike many CEOs who rely heavily on stock grants, McGowan didn’t have any stock that vested that year, as his compensation structure is focused more on performance incentives. His total also included about $364,227 in additional benefits, such as contributions to retirement plans and life insurance. This pay model highlights his commitment to linking compensation directly to measurable outcomes like EBITDA growth and revenue increases, aligning his interests with the performance of Martin Marietta.

Year

2016

Total Compensation

$2.67M

Salary

$1.01M

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning executive compensation with shareholder interests, and maintaining competitive compensation levels relative to peer companies.

Bonus

$1.30M

Board Justification

Annual incentive bonus awarded based on performance factors including revenue growth, gross profit margin expansion, EBITDA growth, EPS growth, effective cost management, and safety and regulatory compliance record.

Other

$364.23K

Board Justification

Includes matching contributions to retirement plans, life insurance benefits, and personal use of leased automobiles.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants were vested in 2016 as the focus was on performance-based stock units (PSUs) and restricted stock units (RSUs) which vest over time based on performance metrics.

Performance Metrics

Performance metrics include revenue growth, gross profit margin expansion, EBITDA growth, EPS growth, effective cost management, and safety and regulatory compliance.