Emanuela Speranza
AMETEK INC/About Emanuela Speranza
Emanuela Speranza is AMETEK’s Chief Commercial Officer, appointed effective January 1, 2022, with 11 years of service at the company and age 56 as of March 1, 2025 . She holds a BS in Economics from Bocconi University and a Master’s in Telecommunications from Delft University of Technology . Company performance during her tenure reflects continued growth; AMETEK’s Pay-Versus-Performance framework emphasizes ROTC and Relative TSR, with recent PRSU cycles paying 131.5% (2021–2023) and 110% (2022–2024) based on achieved ROTC and TSR percentiles .
AMETEK revenues and EBITDA during Speranza’s tenure:
| Metric | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|
| Revenues ($USD) | $5,546,514,000* | $6,150,530,000* | $6,596,950,000* | $6,941,180,000* |
| EBITDA ($USD) | $1,600,782,000* | $1,820,119,000* | $2,045,095,000* | $2,162,489,000* |
Values retrieved from S&P Global.*
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| AMETEK | Chief Commercial Officer | 2022–present | Leads company-wide commercial excellence, global marketing, digitalization, and oversees international infrastructure . |
| AMETEK | Vice President & General Manager, International | 2020–2021 | Oversaw AMETEK’s international infrastructure in Europe and Asia . |
| AMETEK | Vice President & General Manager, AMETEK Precision Instruments, Europe | 2014–2019 | Led European instruments businesses and growth in Europe, Brazil, Russia, India . |
| Danaher (Tektronix) | Vice President, EMEA & India | Since 2011 (prior to AMETEK) | Drove regional growth in test and measurement . |
| Danaher (Fluke) | Vice President, EMEA Sales & Marketing | Pre-2011 | Led commercial strategy across EMEA . |
| Anritsu | EMEA Sales Director | Prior | Regional sales leadership in telecom test and measurement . |
| Lucent Technologies | Sales/Marketing/Business Development roles | Prior | Commercial leadership in telecom . |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Danaher (Tektronix) | Vice President, EMEA & India | Since 2011 (pre-AMETEK) | Regional P&L/commercial leadership . |
| Danaher (Fluke) | VP, EMEA Sales & Marketing | Pre-2011 | Commercial strategy . |
| Anritsu | EMEA Sales Director | Prior | Regional sales leadership . |
| Lucent Technologies | Product Marketing/BD | Prior | Commercial roles . |
Fixed Compensation
Not disclosed: Speranza is not included among AMETEK’s Named Executive Officers, and therefore her individual salary/bonus are not reported in the Summary Compensation Tables .
Performance Compensation
Program design (company-level) and outcomes:
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| PRSU: Return on Tangible Capital (ROTC) | 50% of PRSU | Absolute targets anchored around 100% (2024–2026 cycle: target 100%, threshold 60%, max 120%) | 2022–2024 avg ROTC 101% | 95% of half-award (ROTC component) | 3-year performance; vests upon Committee certification . |
| PRSU: Relative TSR vs S&P 500 Industrials | 50% of PRSU | Target 50th percentile; threshold 30th; max 80th | 2022–2024 TSR +29.3%, 57.5th percentile | 125% of half-award (TSR component) | 3-year performance; vests upon Committee certification . |
Speranza’s realized awards (Form 4 evidence):
| Award/Event | Date | Shares | Notes |
|---|---|---|---|
| PRSU settlement (2022 grant) | 02/20/2025 | 1,772 | Settlement of PRSUs awarded March 13, 2022; 798 shares withheld for taxes . |
Design features for executive equity:
- RSAs vest ratably over 3 years; NQSOs vest ratably over 3 years and have 10-year terms .
- Anti-hedging and anti-pledging apply to officers; no hedging/pledging permitted .
- Clawback policy adopted Nov 2, 2023 per NYSE Rule 303A.14; recovery of incentive-based pay upon required restatements .
Equity Ownership & Alignment
| Item | Value | Date/Context |
|---|---|---|
| Beneficial Ownership (Common Stock) | 31,434 shares | After PRSU settlement and tax withholding (reported 02/21/2025). |
| Shares Outstanding | 230,746,910 | Record date March 10, 2025. |
| Ownership % of Shares Outstanding | ~0.014% (31,434 / 230,746,910) | Computed from reported holdings and shares outstanding. |
| Hedging/Pledging | Prohibited for officers; no pledges by Directors or executive officers | Company policy. |
| Ownership Guidelines | Robust stock ownership guidelines apply to executive officers (multiples of salary; unvested time-based RSUs count; PRSUs/options do not) | Company policy (individual multiple for CCO not disclosed). |
Insider transactions (selling pressure/vesting):
| Date | Type | Shares | Price/Range | Notes |
|---|---|---|---|---|
| 11/26/2024 | Sale | 2,700 | Weighted avg $195.67–$196.61 | Options underlying reported as fully exercisable in footnotes . |
| 02/20/2025 | PRSU settlement | 1,772 | n/a | Award settlement; 798 shares withheld for taxes . |
Employment Terms
- Role/Appointment: Named Chief Commercial Officer and member of Executive Office effective January 1, 2022 .
- Clawback: Executive Compensation Recoupment Policy for restatements, compliant with Rule 10D-1; applies to current/former executive officers .
- Anti-hedging/Anti-pledging: Hedging and pledging of AMETEK stock prohibited for Directors and Section 16 officers; no pledges by Directors or executive officers .
- Change-of-control economics: Company discloses detailed change-of-control terms for Named Executive Officers (2.99× salary+bonus multiple; benefits; equity acceleration under certain events), but Speranza is not disclosed as an NEO; individual agreement terms for CCO are not disclosed .
Investment Implications
- Alignment: Equity-heavy incentives (PRSU with ROTC/Relative TSR) and prohibition on hedging/pledging support shareholder alignment; PRSU settlement confirms active participation in performance equity .
- Retention and selling pressure: Recent Form 4 shows a modest sale of 2,700 shares in Nov 2024 versus ongoing holdings of ~31.4K shares post-PRSU settlement; pattern suggests routine portfolio management and tax withholding rather than sustained selling pressure .
- Pay-for-performance: Company-wide records in 2023 and 2024 in revenue, operating income/margins, and cash flow underpin strong incentive outcomes (PRSU payouts >100% over recent cycles), reinforcing management confidence and execution .
- Governance risk: High say-on-pay support (~95%) and no related party transactions signal low governance risk; robust clawback and anti-hedging policies further mitigate risk .