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...

Number of Employees

248

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.

SEC Filing

From April 5, 2024

Karim Donnez

Ex-CEO of LiveWire Group

KD

Education

Bachelor's degree in Engineering from École Polytechnique de Montréal

Field of Expertise

Technology & Engineering - Engineering

Born

May 15, 1977 - 47 years ago

Is Founder?

No

Tenure

1 year 4 months (Jun 2023 - Oct 2024)

Previous Experience

President, Marine Group of Bombardier Recreational Products Inc.