Joseph M. Hogan
Also at Align Technology Inc
About
Joseph M. Hogan is 67 years old as of February 28, 2025 and has established a strong foundation through his education, earning a B.S. in Business and Economics from Geneva College and an M.B.A. from Robert Morris University in Pennsylvania.
Hogan began his tenure at Align Technology in 2015 when he joined as President, Chief Executive Officer, and Director. He has since played a pivotal role in guiding the company’s strategic direction and operational performance, leveraging his extensive experience from previous leadership roles at major global companies.
Prior to his role at Align Technology, Hogan served as CEO at ABB and GE Healthcare, where he contributed to substantial revenue growth and market expansion. His career is marked by notable achievements including a 25% increase in revenues at ABB and more than doubling revenues at GE Healthcare, demonstrating his capacity in driving both operational excellence and strategic growth.
$ALGN Performance Under Joseph M. Hogan
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| ABB | Chief Executive Officer | 2008–2013 | Achieved a 25% revenue increase |
| GE Healthcare | Chief Executive Officer | 2000–2008 | More than doubled revenues from $7B to $16B |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $1,359,750 | Annually | Fixed base salary for 2023. |
| All Other Compensation | $20,572 | As incurred | Breakdown: Life Insurance Premiums: $1,728 , 401(k) Matching: $9,900 , Airfare for Travel: $6,273 , Other: $2,671 (includes Invisalign treatment and medical expense reimbursement) |
Performance Compensation
Annual Cash Incentive Awards
| Metric | Detail |
|---|---|
| Target Award | $2,040,000 (150% of base salary) |
| Actual Payout | $1,346,200 (66% of target) |
| Performance Metrics | Revenues (60% weight): Target $3,945M-$4,005M, Actual $3,862M ; Operating Income (40% weight): Target $643M-$701M, Actual $643M |
| Performance Multipliers | Company: 66% ; Individual: 100% |
| Evaluation Period | 2023 performance period |
Equity Incentive Awards (RSUs & MSUs)
| Component | Detail |
|---|---|
| RSUs | 14,690 shares; Vesting: 25% annually over 4 years starting on February 20, 2024 ; Target Value: $4,049,886 |
| MSUs | Target: 34,277 shares; Vesting: Fully vest in February 2026 based on relative TSR vs. NASDAQ Composite ; Grant Date Fair Value: $21,578,400 ; Stock Price: $629.53 per share ; Maximum: 85,693 shares (250% of target), Maximum Value: $53,946,000 |