Sundar PichaiSundar Pichai earned $164M in 2023
D

David Cherechinsky

CEO of DNOW

Education

Bachelor's degree in Accounting

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1966 - 59 years ago

Economy Sector

Energy

Current Tenure

4 years 8 months (Jun 2020 - Present)

Previous Experience

Senior Vice President and Chief Financial Officer at DNOW

David Cherechinsky is the CEO of DNOW Inc., having taken on this role in June 2020 after serving as the Senior Vice President and Chief Financial Officer. He has a solid background in finance and accounting, holding a Bachelor’s Degree...

Year

2023

Total Compensation

$2.98M

Salary

$950.00K

Board Justification

The compensation philosophy is designed to attract and retain top talent while aligning executive interests with shareholder value through a mix of base salary, annual incentives, and long-term equity awards.

Bonus

$1.29M

Board Justification

The bonus is based on the company's performance metrics, specifically EBITDA and Working Capital, with a target incentive opportunity of 100% of salary. The actual payout was determined based on the company's achievement of these metrics in 2023.

Other

$0.00

Board Justification

No other compensation was reported for 2023.

Restricted Stock

$740.64K(59.63K RSU)

Board Justification

The stock awards that vested in 2023 were part of the long-term incentive plan, which includes performance-based share awards and restricted stock that vest over a three-year period.

Performance Metrics

The performance metrics for 2023 included EBITDA and Working Capital, which were used to determine the annual incentive payout.