Sundar PichaiSundar Pichai earned $164M in 2023
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David P. Berg

Ex-CEO of European Wax Center

Field of Expertise

Finance & Banking - Finance

Economy Sector

Consumer Defensive

Tenure

3 years 2 months (Jul 2020 - Sep 2023)

Previous Experience

Previously served as Chief Financial Officer and Chief Operating Officer.

David P. Berg served as the CEO of European Wax Center from July 2020 until September 2023. Under his leadership, the company focused on expanding its brand across new locations and boosting sales, achieving notable financial goals along the way....

Year

2023

Total Compensation

$1.02M

Salary

$511.06K

Board Justification

The compensation philosophy is designed to attract, retain, and reward key employees, aligning their interests with those of stockholders through performance-based incentives.

Bonus

$474.68K

Board Justification

Annual bonus based on the attainment of corporate performance goals, with a target bonus of 100% of base salary. The performance goals for 2023 included adjusted EBITDA, new center openings, same store sales, and system-wide sales.

Other

$30.88K

Board Justification

Other compensation includes life insurance premiums and 401(k) matching contributions.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2023 as the focus is on cash compensation and bonuses.

Performance Metrics

Performance metrics include adjusted EBITDA, new center openings, same store sales, and system-wide sales.