Geoffrey S. Martha is the CEO of Medtronic plc, a top player in medical technology, since April 2020. He previously held the position of President and led the Restorative Therapies Group. His journey at Medtronic started in 2011, and he's...

Number of Employees

95K

Year

2023

Total Compensation

$3.56M

Salary

$1.35M

Board Justification

The compensation philosophy is designed to align executive compensation with company performance, emphasizing market competitiveness and pay-for-performance principles.

Bonus

$1.91M

Board Justification

The bonus is based on the Medtronic Incentive Plan (MIP) which includes performance metrics such as revenue growth, diluted EPS, and free cash flow, with individual performance modifiers.

Other

$305.50K

Board Justification

This includes a business allowance of $40,000 and other personal benefits totaling $223,146.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2023 as the focus is on the performance share units and stock options that are not included in the total compensation calculations.

Performance Metrics

The performance metrics for the CEO's compensation in 2023 included revenue growth, non-GAAP diluted EPS, and free cash flow.

SEC Filing

From August 9, 2024

Geoffrey S. Martha

CEO of Medtronic

M

Education

N/A

Field of Expertise

Business & Management - Business Development

Born

January 1, 1970 - 55 years ago

Is Founder?

No

Current Tenure

4 years 8 months (Apr 2020 - Present)

Previous Experience

Senior Vice President of Strategy and Business Development at Medtronic