Sundar PichaiSundar Pichai earned $164M in 2023
H

Laurans A. Mendelson

Founder and CEO of HEICO

Education

Columbia University

Field of Expertise

Finance & Banking - Finance

Born

June 1, 1939 - 85 years ago

Economy Sector

Industrials

Current Tenure

15 years 4 months (Oct 2009 - Present)

Previous Experience

Various roles within HEICO Corporation since 1990; Executive Vice President since 2001; President and CEO of HEICO Aerospace Holdings Corp. since 1997; President of HEICO Aerospace Corporation since 1993.

Laurans A. Mendelson has been at the helm of HEICO Corporation since February 1990, a company he has significantly transformed into a key player in the aerospace and electronic technology sectors. He holds the title of Chairman, President, and Chief...

Year

2023

Total Compensation

$5.00M

Salary

$1.33M

Board Justification

The compensation philosophy focuses on aligning executive compensation with company performance, ensuring competitive pay, and retaining top talent.

Bonus

$815.00K

Board Justification

A fixed amount of $815,000 cash was awarded for achieving a 5% growth in net income attributable to HEICO compared to fiscal 2022.

Other

$2.86M

Board Justification

This includes company contributions to the HEICO Corporation Leadership Compensation Plan, insurance benefits, and other perquisites.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2023 as the focus is on cash compensation and performance-based bonuses.

Performance Metrics

The performance metrics for determining compensation included adjusted net income, EBITDA, and operating cash flow.