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Christopher Simon is the President and CEO of Haemonetics Corporation, a role he stepped into in May 2016. Before coming to Haemonetics, he worked for over 20 years at McKinsey & Company, where he specialized in global medical products. Notably,...

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Christopher Simon

CEO of Haemonetics

Sector of Economy

Healthcare

CEO of Haemonetics for

8 years 9 months (Jun 2016 - Present)

Previous Experience

Unknown

Holdings

See how much did Christopher Simon make over time.

Christopher Simon holds around 109,940 shares of Haemonetics stock, showing his personal investment in the company's future. Back in fiscal 2023, his holdings peaked in value as the company crossed $1 billion in revenue for the first time, indicating a...

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Insider Trading

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Compensation History

See how much did Christopher Simon make over time.

Christopher Simon's compensation for 2023 totaled $10.6 million, which included a base salary of $1.01 million and a robust bonus of $2.2 million based on the company's performance. His pay reflects a strong pay-for-performance philosophy, aligning with the interests of shareholders. While no stock grants or vested stock were reported for the year, his past equity grants signal a significant potential for future earnings tied to the company’s growth. Since he took the helm at Haemonetics, Simon's compensation has steadily reflected his leadership in navigating the company through challenges, particularly during COVID-19 impacts and beyond. His pay structure emphasizes the company's adjusted revenue and earnings metrics, showcasing a commitment to delivering results in a competitive healthcare market.

Year

2023

Total Compensation

$3.26M

Salary

$1.01M

Board Justification

The compensation philosophy emphasizes a pay-for-performance culture focused on the long-term interests of shareholders, aligning executive compensation with company performance and shareholder value.

Bonus

$2.20M

Board Justification

Based on the Company’s performance against the pre-established performance goals, the overall funding level of the 2024 Bonus Plan pool was set at 178% of target funding for Named Executive Officers, resulting in an actual bonus payout of $2,200,000 for Mr. Simon.

Other

$48.60K

Board Justification

Includes matching contributions under the 401(k) savings plan and the Company paid portion of supplemental long-term disability insurance premiums.

Restricted Stock

$0.00(0 RSU)

Board Justification

No payout occurred under PSU awards previously granted to certain Named Executive Officers in May 2020, all of which were based on the Company's rTSR over a three-year performance period ending in fiscal 2024.

Performance Metrics

The performance metrics for the CEO's compensation in 2023 were based on adjusted revenue and adjusted EPS, with a weighting of 60% and 40% respectively.

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