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Aine L. Denari

Executive Vice President and President of Navico Group and Chief Technology Officer at BRUNSWICK
Since August 2024
Age
52 years
Tenure
Joined Brunswick in October 2020 as Executive Vice President and President of Brunswick Boat Group and was promoted in August 2024 to serve as Executive Vice President and President of Navico Group and Chief Technology Officer.

Also at BRUNSWICK

CFD
Christopher F. Dekker
Executive Vice President, General Counsel, Secretary, and Chief Compliance Officer

About

A seasoned executive with extensive experience in global leadership roles, she has demonstrated a strong capability in steering large organizations towards innovation and market success.

Before her tenure at Brunswick Corporation, she held several executive positions at ZF AG, where she was responsible for advanced driver assistance systems, planning, and business development. Her roles as Senior Vice President and General Manager, as well as additional leadership positions, reflect her broad expertise in the automotive industry and consulting.

At Brunswick Corporation, she initially served as Executive Vice President and President of Brunswick Boat Group starting in October 2020 and later embraced the role of Executive Vice President and President of Navico Group and Chief Technology Officer in August 2024. In this capacity, she has led significant product launches, overseen major technological centers, and contributed to enhancements in market share and innovation.

Past Roles

OrganizationRoleDate RangeDetails
Brunswick CorporationExecutive Vice President and President – Brunswick Boat Group October 2020 – August 2024 Held prior to current BC roles
ZF AGSenior Vice President and General Manager, Global Electronics ADAS 2017 – 2020 Responsible for advanced driver assistance systems at a global scale
ZF AGSenior Vice President, Planning and Business Development 2015 – 2017 Led planning and business development initiatives
ZF AGVice President, Business Development and Product Planning 2014 – 2017 Executed business development and product planning strategies

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Salary$530,462 (Base), $538,000 (Annual)AnnualBase salary paid , Annual salary as of December 31, 2023
Stock Awards$799,678Grant DateAggregate grant date fair value
All Other Compensation$156,854AnnualIncludes retirement contributions, perquisites, and other benefits
RSU Award4,520 RSUs; $399,794 Fair ValueVest on third anniversary (Feb 16, 2026)Grant date: February 16, 2023
Deferred Compensation$319,805 (Executive) ; $74,049 (Company) ; $130,671 (Earnings); $1,073,396 (Year-End Balance)Annual ContributionsRestoration plan contributions details
Termination - Absent Change in ControlSeverance: $964,124; Welfare: $59,808; Total: $1,023,932; BPP: $403,500Upon termination eventPayment obligations under non-change in control scenario
Termination - Following Change in ControlSeverance: $2,092,498; Welfare: $73,911; Long-Term Incentives: $1,525,756; Total: $3,692,165Upon termination eventPayment obligations under change in control scenario

Performance Compensation

Data from  FY 2023

Non-Equity Incentive Plan Compensation

Metric [Value]ThresholdTargetMaximumAdditional Details
Adjusted EPS (Enterprise)$7.90$9.50 – $10.50$12.10
Free Cash Flow (FCF, Enterprise)$215M$375M – $500M$660M
Boat Group Adjusted EBIT$123M$163M – $194M$234M
  • Payout Details: Threshold payout level is 25% of enterprise-wide performance achievement; Target funding is calculated as salary multiplied by a 75% BPP percentage; Approved payout range for NEOs was 68% to 78% of target opportunity.
  • Evaluation Period & Vesting: Performance is evaluated annually at the fiscal year end. No specific vesting schedule applies as these are cash-based awards.

Performance Shares Award

ComponentDetailValueCitation
Grant DateDate of AwardFebruary 16, 2023
Target SharesNumber of Shares Granted4,520 shares
Maximum SharesMaximum Shares (200% of target)9,040 shares
Grant Date Fair ValueValuation of Award at Grant Date$399,884
Grant Date Stock PricePrice used for Fair Value Calculation$83.97

  • Performance Metrics & Weights:

    • CFROI: 75% weight
    • Operating Margin (OM): 25% weight
    • TSR Modifier: Adjusts payout by +/-20% based on performance relative to the S&P 400 Consumer Discretionary Index

  • Payout Structure:

    • Payout levels are set at: Threshold: 0%, Target: 100%, and Maximum: 200% of the award.

  • Vesting Schedule & Evaluation Period:

    • Vesting occurs at the end of a three-year performance period (2023–2025) based on the achievement of CFROI and OM targets and continued employment.

  • Additional Details:

    • The fair value calculation employed a Monte Carlo valuation model with assumptions including a risk-free rate of 4.3%, a dividend yield of 1.8%, volatility of 49.8%, and an expected life of 2.9 years.