Peter C. Farrell is the founder and former CEO of ResMed Inc., a leading company in the healthcare sector focused on developing solutions for people with sleep apnea and chronic obstructive pulmonary disease. Under his leadership from 1989 until January...

Number of Employees

10.14K

Year

2022

Total Compensation

$1.35M

Salary

$800.00K

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, aiming to attract and retain top executive talent while driving shareholder value.

Bonus

$200.00K

Board Justification

The bonus is based on the company's performance metrics including revenue growth and operational efficiency for the year 2022.

Other

$100.00K

Board Justification

Other compensation includes retirement contributions and health benefits provided to the CEO in 2022.

Restricted Stock

$250.00K(5K common stock)

Board Justification

5,000 shares of common stock vested in 2022 as part of the long-term incentive plan, based on performance criteria met during the vesting period.

Performance Metrics

Performance metrics include revenue growth, earnings before interest and taxes (EBIT), and operational efficiency targets.

SEC Filing

From October 5, 2023

Peter C. Farrell

Founder and Ex-CEO of ResMed

PC

Education

Field of Expertise

Healthcare & Life Sciences - Healthcare

Born

Invalid Date - 0 years ago

Is Founder?

Yes

Tenure

33 years 6 months (Jul 1989 - Jan 2023)

Previous Experience

Founder and CEO of ResMed