Joseph C. Muscari served as the CEO and Chairman of Minerals Technologies Inc. from 2007 until his passing in 2016. He had a significant role in guiding the company through critical phases of growth, focusing on performance-based metrics like Operating...
Joseph C. Muscari served as the CEO and Chairman of Minerals Technologies Inc. from 2007 until his passing in 2016. He had a significant role in guiding the company through critical phases of growth, focusing on performance-based metrics like Operating Income and Return on Capital. One of the interesting points in his tenure was the series of employment agreement amendments that extended his contract multiple times, showcasing the board's confidence in his leadership. Muscari never received a stock grant during his last years in office yet managed impressive annual bonuses, reflecting how well the company performed under his management. His compensation peaked in 2013 at around $4.8 million, largely thanks to performance metrics being exceeded. Unfortunately, in 2016, Muscari didn’t have any bonuses due to his passing in September. Notably, he had been with the company since 2005 before stepping up as CEO, indicating a deep familiarity with the corporate culture. Muscari’s management style and strategic focus left a lasting impact on Minerals Technologies, emphasizing shareholder value and operational excellence throughout his career.