Les C. Vinney served as the CEO of STERIS from 2005 until 2007. During his time, he earned impressive annual compensation, reaching up to $2.79 million in 2007, largely driven by performance-based bonuses and stock awards. Vinney had a significant...
Les C. Vinney served as the CEO of STERIS from 2005 until 2007. During his time, he earned impressive annual compensation, reaching up to $2.79 million in 2007, largely driven by performance-based bonuses and stock awards. Vinney had a significant role in the financial direction of STERIS, and this was reflected in his performance-linked pay structure, which considered metrics like total revenue growth and earnings before interest and taxes. He was instrumental in the company’s transition during a crucial phase, managing the challenges of leadership changes. Interestingly, Vinney performed several large trades, managing millions in insider trading that peaked at $21.95 million in May 2020. His background in finance included notable positions prior to STERIS, particularly as CFO at BF Goodrich Company. Although his tenure was relatively short, the impact of his leadership on STERIS was designed to steer the company toward long-term value creation and align management with business goals, highlighting his strategic approach to corporate performance.