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R. Adam Norwitt

President and Chief Executive Officer at AMPHENOL CORP /DE/
Board
Since 2009
Age
54 years
Education
Holds a Bachelor of Science degree in International Politics from Georgetown University School of Foreign Service, a Juris Doctor from the University of Michigan Law School, and an MBA from INSEAD.
Tenure
Joined the company approximately 25 years ago, serving in roles such as Group General Manager, General Manager, and Business Development Manager, then as Vice President and Group General Manager, Senior Vice President and Group General Manager, Chief Operating Officer, before being appointed President in 2007 and becoming Chief Executive Officer in 2009.

Also at AMPHENOL CORP /DE/

CAL
Craig A. Lampo
Senior Vice President and Chief Financial Officer
DS
David Silverman
Senior Vice President, Human Resources
LED
Lance E. D’Amico
Senior Vice President, Secretary, and General Counsel

About

R. Adam Norwitt is a seasoned executive currently serving as the President and Chief Executive Officer of Amphenol Corporation, known for his strong leadership and international perspective. At 54 years old, he has navigated a successful career path marked by progressive leadership roles and strategic expertise that has been integral to the company’s growth and market diversification.

Before assuming his current role, he gained extensive operational and management experience through various positions such as Group General Manager, General Manager, and Business Development Manager, as well as senior roles in product management and operations. His career progression at the company, which spans approximately 25 years, highlights his deep understanding of the business and commitment to driving value through well-executed strategy and technology innovation.

Educationally, he laid the foundation for his successful career by earning a Bachelor of Science degree in International Politics, a Juris Doctor, and an MBA, experiences that not only enriched his expertise in law and business but also provided him with a global perspective through studies in multiple countries. His multilingual abilities and international exposure have further bolstered his capacity to lead in diverse markets and foster a culture of innovation and operational excellence.

$APH Performance Under R. Adam Norwitt

Past Roles

OrganizationRoleDate RangeDetails
Amphenol CorporationChief Operating Officer2007-2008Role ended upon subsequent promotion
Amphenol CorporationSenior Vice President and Group General Manager, Worldwide RF and Microwave Products Division2006N/A
Amphenol CorporationVice President and Group General Manager, Worldwide RF and Microwave Products Division2004-2006N/A
Amphenol CorporationGroup General Manager / General Manager / Business Development ManagerN/AHeld various roles over approximately five years in Asia
Gibson, Dunn & Crutcher LLPCorporate LawyerN/APrior experience before joining Amphenol

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary $1,455,000 2023 regular payrollFixed base salary for 2023
Pay for Covenant Not to Compete $1,455,000 Post-termination (up to 2 years at the Company's discretion)Represents 50% of base salary
Company-Funded Disability $727,500 Based on claim during 2023100% of base salary for a six-month period
401(k) Company Contribution $21,150 Regular contribution schedule401(k) company contribution for 2023
DC SERP Company Contribution $343,350 As per deferred compensation planDeferred compensation supplemental retirement plan
Imputed Compensation for Group Life Insurance $5,382 Included in annual compensationFor group term life insurance above $50,000 coverage

Performance Compensation

Data from  FY 2023

Quantitative Performance Metrics

MetricThresholdTargetMaximumWeighting
Revenue Growth (%) 0% 7% 17.5% 50%
Adjusted Diluted EPS Growth (%) 0% 11% 27.5% 50%

Incentive Plan Multiplier

MetricThresholdTargetMaximum
Incentive Plan Multiplier 0% 100% 200%

Evaluation Period and Actual Results

  • Evaluation Period: Fiscal 2023; performance measured year-over-year.
  • Actual Results:
    • Constant Currency Net Sales: Slight decline.
    • Adjusted Diluted EPS: Increased by $0.01 per share compared to 2022.
  • Outcome: No cash incentive payment awarded in 2023 due to underperformance.

Stock Option Awards

DetailValue
Grant Date May 19, 2023
Number of Options Awarded 425,973 options
Exercise Price $75.80 per share
Grant Date Fair Value $9,098,783
Vesting Schedule Not specified