Joseph C. Berenato, born in 1957, is the former CEO of Ducommun Incorporated, a company specializing in aerospace and defense. He completed his bachelor’s degree at the University of California, Los Angeles. During his time at Ducommun, Berenato had a...
Joseph C. Berenato, born in 1957, is the former CEO of Ducommun Incorporated, a company specializing in aerospace and defense. He completed his bachelor’s degree at the University of California, Los Angeles. During his time at Ducommun, Berenato had a varied compensation structure, with his pay fluctuating significantly based on annual performance. In 2008, he earned a total of $1,863,000, which highlights a peak in his salary, bonuses, and stock options during a strong year for the company. This contrasts with 2010, where his total compensation dropped to around $823,000, illustrating the company’s performance metrics that determined executive pay. Berenato has also engaged in numerous stock trades, with transactions reaching values over $1 million, suggesting he heavily invested in Ducommun's stock. This gives an insight into his belief in the company during fluctuating market conditions, as he navigated through various corporate successes and challenges. His leadership style and emphasis on performance-based compensation reflect a competitive approach that aligns executive interests with company goals. Despite his exit in 2010, Berenato's tenure at Ducommun set a standard for how executive roles can directly impact company growth and shareholder value.