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Michael Stubblefield

President and Chief Executive Officer at Avantor
Board
Since 2014
Age
52 years
Education
Holds a Bachelor of Science degree in Chemical Engineering from the University of Utah and an MBA from Texas A&M University-Corpus Christi.
Tenure
Has served as the President and Chief Executive Officer of Avantor since 2014 and also serves as a Director on the company's Board.

Also at Avantor

BG
Benoit Gourdier
Executive Vice President, Bioscience Production
BH
Brittany Hankamer
Executive Vice President and Chief Human Resources Officer
CC
Christophe Couturier
Executive Vice President, AMEA

About

Michael Stubblefield is the current President and Chief Executive Officer of Avantor, Inc., having joined the company in 2014 as part of its leadership team.

Before his tenure at Avantor, he held leadership roles at Celanese Corporation from 1994 to 2012 and served as a Senior Expert for the Chemicals Practice at McKinsey & Company from 2013 to 2014, demonstrating a solid foundation in the chemical and specialty materials industries.

He holds a Bachelor of Science degree in Chemical Engineering from the University of Utah and an MBA from Texas A&M University-Corpus Christi, and is currently 52 years old as of February 2025.

$AVTR Performance Under Michael Stubblefield

Past Roles

OrganizationRoleDate RangeDetails
Ingersoll Rand Inc. Board of Directors & Audit Committee Member 2022 to 2023 Served on board and as Audit Committee member
McKinsey & Company Senior Expert for Chemicals Practice 2013 to 2014 Provided chemicals sector expertise
Celanese Corporation Various Leadership Roles 1994 to 2012 Held multiple leadership positions

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,126,846 Annually 2024Fixed annual base salary
Restricted Stock Units (RSUs)107,802 RSUs, $2,624,979 Granted on Feb 23, 2024Grant date fair value provided
Non-Qualified Stock Options (NQSOs)263,558 options, $2,625,038 Granted on Feb 23, 2024Exercise Price: $24.35 per share
Change in Pension Value$34,101 December 2024Lump-sum distribution due to plan termination
All Other Compensation$37,550 Throughout 2024Includes Savings Plan contributions, financial planning services, and annual exam

Performance Compensation

Data from  FY 2024

Performance Stock Units (PSUs)

MetricDetails
Performance MetricsRelative TSR (vs comparator) and Adjusted EPS Growth
ThresholdTSR: 25th percentile (50% payout); Adjusted EPS Growth: 50% of target
TargetTSR: 50th percentile (100% payout); Adjusted EPS Growth: 100% of target
Maximum (Cap)TSR: 90th percentile or above (200% payout); Adjusted EPS Growth: 200% of target
Award QuantitiesThreshold: 107,803 shares; Target: 215,605 shares; Maximum: 431,210 shares
Grant DateFebruary 23, 2024
Grant Date Fair Value$6,026,156
Grant Date Stock Price$24.35 per share
Vesting SchedulePerformance period from Jan 1, 2024 to Dec 31, 2026; vesting contingent on achieving metrics

Non-Equity Incentive Plan Compensation

MetricDetails
Performance Metrics & WeightsEnterprise Revenue (40%), Enterprise Adjusted Operating Income (20%), Free Cash Flow (10%), GHG Emissions Reduction (5%), Inclusion Index (5%), Individual Strategic Goals (20%)
Threshold PerformancePayouts start at a 61% funding level
Target Performance100% payout upon achieving target results
Maximum Performance200% payout upon exceeding target
Evaluation PeriodEvaluated annually based on performance metrics
Additional DetailsCash bonus target is calculated as a percentage of base salary; each metric graduates from threshold to maximum on a straight-line basis