Michael H. Thaman is the Chairman, President, and CEO of Owens Corning, a company known for its innovative building materials and insulation solutions. He took the helm on December 6, 2007, after serving as the CFO and Chairman of the...

Number of Employees

18K

Year

2019

Total Compensation

$3.34M

Salary

$965.91K

Board Justification

The compensation philosophy aligns executive compensation with long-term stockholder value, emphasizing performance-based pay.

Bonus

$282.02K

Board Justification

Bonus based on the Committee and Lead Independent Director’s assessment of Mr. Thaman’s impact on the success of the Company’s new CEO.

Other

$88.93K

Board Justification

Includes contributions made by the Company to the qualified savings plan and nonqualified deferred compensation plan.

Restricted Stock

$2.00M(2M RSU)

Board Justification

Restricted stock units awarded during 2019, vesting 25% per year over four years, based on continued employment.

Performance Metrics

Compensation is linked to corporate performance metrics including adjusted EBIT and individual performance assessments.

SEC Filing

From March 13, 2020

Michael H. Thaman

CEO of Owens Corning

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Education

Field of Expertise

Business & Management

Born

November 30, 1963 - 61 years ago

Is Founder?

No

Current Tenure

17 years 1 month (Dec 2007 - Present)

Previous Experience

Chairman of the Board, Chief Financial Officer, President of the Company's Exterior Systems business in North America, and of its Engineered Pipe business in Europe.