Joseph A. Chlapaty served as the CEO of Advanced Drainage Systems, Inc. from 2008 until his retirement in 2017. He holds a Bachelor's degree in Business Administration from the University of Cincinnati and has years of management experience under his...
Joseph A. Chlapaty served as the CEO of Advanced Drainage Systems, Inc. from 2008 until his retirement in 2017. He holds a Bachelor's degree in Business Administration from the University of Cincinnati and has years of management experience under his belt. Under his leadership, the company saw a remarkable increase in value, with insider trading reflecting growth from $245.68 million to $873.66 million over several years, peaking at $1.01 billion in early 2024. The way he structured compensation tied to performance shows he cares about aligning executive rewards with company success. Chlapaty retired with a total compensation package of $9.23 million in 2017, thanks in part to a significant severance package. He stepped down as CEO but continued with the company in an honorary role as Chairman Emeritus. A noteworthy moment was when he announced his retirement back in 2017, wrapping up nearly a decade of leadership that shaped the company’s direction.