Martin Schroeter

CEO of Kyndryl Holdings

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Born

January 1, 1964 - 61 years ago

Economy Sector

Technology

Current Tenure

3 years 4 months (Nov 2021 - Present)

Previous Experience

Former Senior Vice President at IBM

Martin Schroeter is the CEO and Chairman of Kyndryl Holdings, Inc., which is the world's largest IT infrastructure services provider. He has a solid background in business with a Bachelor's degree in Business Administration and tons of experience. Before Kyndryl,...

Year

2023

Total Compensation

$7.34M

Salary

$1.00M

Board Justification

The compensation philosophy emphasizes pay for performance, aligning with stockholders, and competitive pay to attract and retain high-performing talent.

Bonus

$2.00M

Board Justification

The annual cash bonus was earned based on the Company’s achievement of revenue, adjusted EBITDA, and corporate citizenship goals for the fiscal year, subject to adjustment upwards or downwards for individual performance.

Other

$155.32K

Board Justification

Includes 401(k) matching contributions, automatic contributions to the Kyndryl Excess Plan, personal security, and personal use of aircraft.

Restricted Stock

$4.18M(273.11K RSU)

Board Justification

The RSUs that vested during fiscal 2024 include 86,552 RSUs that vested on August 1, 2023, 127,380 RSUs that vested on November 3, 2023, and 59,173 RSUs that vested on December 16, 2023.

Performance Metrics

The performance metrics for determining the compensation include revenue, adjusted EBITDA, and corporate citizenship goals.