J. Kent Masters serves as the CEO and Chairman of Albemarle Corporation, a prominent leader in the chemical industry. Educated at Harvard Business School with an MBA and holding a Bachelor's in Chemical Engineering from the University of Michigan, he...

Number of Employees

9K

Year

2023

Total Compensation

$3.81M

Salary

$1.40M

Board Justification

The compensation philosophy is designed to attract and retain highly qualified executives, motivate them to achieve business objectives, and align their interests with those of shareholders, with a significant portion of compensation being performance-based.

Bonus

$1.92M

Board Justification

The bonus is based on the Company's performance metrics including Adjusted EBITDA and Adjusted Cash Flow from Operations, with individual performance considered, capped at 100% of target due to overall company performance.

Other

$483.59K

Board Justification

Other compensation includes contributions to savings plans, perquisites, and other benefits.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2023 as the stock grants are structured to vest in future years based on performance metrics and continued employment.

Performance Metrics

Performance metrics include Adjusted EBITDA, Adjusted Cash Flow from Operations, and individual performance metrics.

SEC Filing

From March 26, 2024

J. Kent Masters

CEO of Albemarle

A

Education

Master of Business Administration from Harvard Business School and Bachelor of Science in Chemical Engineering from the University of Michigan.

Field of Expertise

Manufacturing & Industrial - Chemical

Born

June 1, 1969 - 55 years ago

Is Founder?

No

Current Tenure

8 years 9 months (Apr 2016 - Present)

Previous Experience

Formerly served as Chief Executive Officer of a global specialty chemicals company.