Surendralal (Lal) L. Karsanbhai is the CEO of Emerson Electric Co., a position he took on February 5, 2021. He previously served as the Executive President of Automation Solutions starting in 2018. Lal has a strong background in engineering and...

Number of Employees

67K

Year

2023

Total Compensation

$16.65M

Salary

$1.41M

Board Justification

Emerson's compensation philosophy is to align executive compensation with company performance, shareholder interests, and market-based pay practices. The compensation structure is designed to incentivize long-term performance and value creation for shareholders.

Bonus

$3.60M

Board Justification

The annual cash incentive for 2023 was determined based on the company's progress towards objective pay criteria utilizing adjusted EPS, operating cash flow, and non-financial metrics. The actual payout was 159.6% of the target opportunity, resulting in a bonus of $3,600,576.

Other

$383.50K

Board Justification

Includes perquisites such as tax and financial planning, leased company car, and personal security costs.

Restricted Stock

$11.25M(123.01K Performance Shares)

Board Justification

Performance shares vested for the period ending September 30, 2023, with a payout percentage of 118% of the previously awarded shares under the formula.

Performance Metrics

The performance metrics for determining the CEO's compensation in 2023 included adjusted EPS, operating cash flow, and non-financial metrics related to sustainability and human capital management goals.

SEC Filing

From December 8, 2023

Surendralal (Lal) L. Karsanbhai

CEO of Emerson Electric

E

Education

Not specified

Field of Expertise

Technology & Engineering - Engineering

Born

January 1, 1970 - 55 years ago

Is Founder?

No

Current Tenure

3 years 11 months (Feb 2021 - Present)

Previous Experience

Group President - Measurement & Analytical, President Emerson Network Power Europe, Middle East and Africa