Steven R. Loranger is a seasoned executive known for his roles as CEO at Xylem and ITT. With a Bachelor's degree in Mechanical Engineering from the University of Florida, Loranger has a solid foundation in engineering, which he has turned...
Steven R. Loranger is a seasoned executive known for his roles as CEO at Xylem and ITT. With a Bachelor's degree in Mechanical Engineering from the University of Florida, Loranger has a solid foundation in engineering, which he has turned into a successful business career. His approach focuses on aligning executive pay with company performance, meaning his compensation often depends on how well the company does. For example, in 2009, he earned a total compensation of approximately $13.84 million, which included a hefty performance bonus. At peak times, he oversaw substantial stock holdings, with values reaching over $15 million in insider trading transactions. Notably, his bonus structure often included specific performance goals, which shows a hands-on managerial style. He has been pivotal in the spin-off of Xylem from ITT, steering the company through changes that have set it up for future growth. Loranger's strategic mindset is evident in how he manages his compensation and aligns it with long-term value creation for shareholders. With decades of experience in different leadership roles, he demonstrates a blend of technical knowledge and business acumen that has shaped his career in corporate America.