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Carlos M. Cardoso was the CEO of Kennametal Inc. from January 2006 to December 2014. He took the lead after several roles within Kennametal, including Executive Vice President and Chief Operating Officer just a year before. Cardoso has a solid...

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Carlos M. Cardoso

Ex-CEO of Kennametal

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

June 30, 1958 - 66 years ago

CEO of Kennametal for

8 years 11 months (Jan 2006 - Dec 2014)

Previous Experience

President and Chief Executive Officer of the Company's Metalworking Solutions and Services Group; President, Pump Division, of Flowserve Corporation; Vice President and General Manager, Engine Systems and Accessories, of Honeywell International, Inc.

Holdings

See how much did Carlos M. Cardoso make over time.

During his tenure at Kennametal, Carlos M. Cardoso's wealth was closely tied to the company's stock performance. Notably, in 2010, his total compensation peaked at approximately $5.7 million, reflecting a good year for the company. His investments included significant equity...

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Insider Trading

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Compensation History

See how much did Carlos M. Cardoso make over time.

Carlos M. Cardoso's compensation as CEO of Kennametal showed a pay-for-performance mindset. His salary started at around $500,000 in 2014 but was supplemented by large amounts of vested stock, reflecting his commitment to the company’s growth. For example, in 2012, he earned about $1.2 million in bonuses based on individual and company performance metrics. Yet, not every year was prosperous; in 2013, he received no bonus at all due to unmet performance goals, illustrating the accountability tied to his role. By 2014, his total compensation came to approximately $3.8 million, including stock options, signaling his ongoing influence within the company even as he prepared for retirement. This setup demonstrates how executives often share risks with shareholders, linking their income to company success.

Year

2014

Total Compensation

$3.00M

Salary

$500.00K

Board Justification

Kennametal's compensation philosophy emphasizes a pay-for-performance approach, aligning executive compensation with company performance and shareholder value.

Bonus

$0.00

Board Justification

The bonus structure for 2014 was based on individual performance and company performance metrics, but no bonus was paid out in 2014 due to performance results.

Other

$6.35K

Board Justification

Other compensation includes life insurance premiums and contributions to retirement plans, which are standard for executives.

Restricted Stock

$2.49M(1.24M Restricted Stock Units (RSUs) and Performance Stock Units (PSUs))

Board Justification

The vested stock includes restricted stock units and performance stock units that were earned based on the achievement of performance goals for the fiscal year 2014.

Performance Metrics

The performance metrics for determining compensation included Free Operating Cash Flow (FOCF), sales growth, and earnings per share (EPS) for the fiscal year.

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