Karim Donnez is the CEO of LiveWire Group, Inc. He took on this role on June 12, 2023, succeeding Jochen Zeitz. Before joining LiveWire, Karim held several important roles at Bombardier Recreational Products, where he was the President of the...

Karim Donnez is the CEO of LiveWire Group, Inc. He took on this role on June 12, 2023, succeeding Jochen Zeitz. Before joining LiveWire, Karim held several important roles at Bombardier Recreational Products, where he was the President of the Marine Group. His experience also includes working with Rio Tinto as a General Manager, which gives him a solid background in both strategy and operations. His career started at Accenture, hinting at strong business foundations. Under his leadership, LiveWire aims to revolutionize electric motorcycles and expand its global reach. In 2023, he earned a total compensation of over $3.5 million, which reflects his performance-driven approach. His insights into unit sales and operational costs will be crucial as LiveWire continues to focus on innovation and profitability in the electric vehicle market. Karim's decisions, influenced by his extensive background, will help shape the future of the company as it navigates the growing EV landscape. He has shown skill in managing substantial assets, recently trading stocks worth millions, showcasing his confidence in LiveWire's potential.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other LiveWire Group CEOs

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Karim Donnez

Ex-CEO of LiveWire Group

Education

Bachelor's degree in Engineering from École Polytechnique de Montréal

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Consumer Cyclical

Born

May 15, 1977 - 47 years ago

CEO of LiveWire Group for

1 year 4 months (Jun 2023 - Oct 2024)

Previous Experience

President, Marine Group of Bombardier Recreational Products Inc.

Rivals

Competitors/colleagues of Karim Donnez

Holdings

See how much did Karim Donnez make over time.

Karim Donnez has actively traded shares in LiveWire Group, reflecting his involvement and commitment to the company’s growth. Starting in June 2023, he traded shares valued as high as $3.69 million in March 2024, showing a strong interest in the...

Karim Donnez has actively traded shares in LiveWire Group, reflecting his involvement and commitment to the company’s growth. Starting in June 2023, he traded shares valued as high as $3.69 million in March 2024, showing a strong interest in the company's stock performance. His holdings have seen fluctuations, with values going up to $3.65 million in February before dipping. Despite the ups and downs, his strategic movements indicate he believes in the long-term vision of LiveWire. His current trading activity suggests he keeps a close eye on market dynamics and company performance, which is essential for a CEO in a rapidly changing industry. As of now, his holdings are approximately $2.84 million, pointing to his significant stake in the electric motorcycle market.

Total Stock Sold

$11.78K

LVWR

$11.78K

1,700 LVWR shares

What if they kept their stock?

If Karim Donnez didn't sell their stock, today they would have:
Extra LVWR1,700 shares worth $14.03K.
This is 19.05% and $2.24K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Karim Donnez.

LVWR

$11.99K

LVWR at $7.05/share

Jun 14, 2024

Sale

LVWR

202,021 shares

LVWR

Feb 21, 2024

Received

LVWR

294,407 shares

LVWR

Jun 12, 2023

Received

Compensation History

See how much did Karim Donnez make over time.

In 2023, Karim Donnez earned a total compensation package worth $3.57 million. His base salary was set at $600,000, with additional bonuses based on company performance metrics. He received a significant stock award of $3 million, which vests over three years, aligning his interests with the company's growth. The short-term incentives are tied to key metrics, showing that his pay reflects not just his role but also the company's success. This structure is designed to keep him focused on driving LiveWire towards achieving its strategic goals as it continues to expand in the electrification space. Other compensation, totaling around $14,769, includes benefits related to retirement and other perks. All these factors illustrate how his compensation aligns with both his performance and the overall success of LiveWire in the EV market.

Year

2023

Total Compensation

$3.87M

Salary

$600.00K

Board Justification

The compensation philosophy emphasizes alignment with company performance, peer benchmarking, and retention strategies.

Bonus

$250.29K

Board Justification

The bonus is based on the LiveWire Short-Term Incentive Plan metrics tied to company performance, with a payout of 75% for 2023.

Other

$14.77K

Board Justification

Other compensation includes contributions to the 401(k) plan and other benefits.

Restricted Stock

$3.00M(294.41K RSU)

Board Justification

The stock awarded to Mr. Donnez on June 12, 2023, which vests in equal installments over three years, with the first installment vesting in 2023.

Performance Metrics

Performance metrics for the bonus are based on unit sales, gross margin, and operating expenses.

Other LiveWire Group CEOs

Here are other CEOs of LiveWire Group

Jochen Zeitz

Ex-CEO of LiveWire Group

September 2022 - June 2023