David E. Berges is the former CEO and Chairman of Hexcel Corporation, a company specializing in advanced composite materials. He has a Bachelor's degree in Business Administration from the University of Michigan. Berges took the reins at Hexcel in 2001...

Current Market Cap

$4.81B

Number of Employees

5.59K

Total Compensation

2009 - 2013

Trending down by -1.88% last year
Showing total compensation for the last 2009 - 2013

Stock

Up by 0.00% last year

Salary

Up by 5.00% last year

Bonus

Down by -18.96% last year

Other

Up by 0.00% last year

Year

2013

Total Compensation

$2.17M

Salary

$1.02M

Board Justification

To attract, retain and motivate a high caliber of executive talent while ensuring that a significant portion of total target compensation is variable compensation based on company performance.

Bonus

$1.00M

Board Justification

Transition performance bonus of $1,000,000, payable in January 2014 upon the achievement of certain objectives set by the compensation committee to ensure the orderly transition of leadership to Mr. Stanage.

Other

$143.67K

Board Justification

Includes contributions to 401(k) retirement savings plan, cash in lieu of 401(k) contributions on earnings exceeding ERISA limits, premiums for life and long-term disability insurance, and other allowances.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2013 as the focus was on cash and performance-based compensation for the year.

Performance Metrics

Performance was measured against three metrics: Adjusted EBIT, Cash from Operating Activities, and Adjusted Diluted Earnings per Share, with each component given equal weight.

SEC Filing

From March 20, 2014

David E. Berges

Ex-CEO of Hexcel

DE

Education

Bachelor's degree in Business Administration from University of Michigan

Field of Expertise

Business & Management

Born

May 1, 1954 - 70 years ago

Is Founder?

No

Tenure

6 years 3 months (May 2007 - Aug 2013)

Previous Experience

President and Chief Executive Officer of Hexcel Corporation