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    David M. Foulkes

    Chief Executive Officer at Brunswick Corp
    Since 2019
    Age
    63 years
    Tenure
    Joined Brunswick Corporation in 2007 and progressed through roles including Vice President of Product Development and Engineering, President of Mercury Racing, and Chief Technology Officer positions, before being promoted to Chief Executive Officer in 2019.

    Also at Brunswick Corp

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

    About

    David M. Foulkes has built an extensive career at Brunswick Corporation, starting in 2007 when he joined the company and began holding various roles at Mercury Marine, a division of Brunswick.

    Over the years, he has advanced through a series of key positions including Vice President of Product Development and Engineering, President of Mercury Racing, and serving as Brunswick Chief Technology Officer, before taking on the dual role of Chief Technology Officer and President of Brunswick Marine Consumer Solutions. His promotion to Chief Executive Officer in 2019 marks his latest career milestone.

    At age 63, his leadership has been instrumental in pushing innovation and technological advances at Brunswick. Although his personal educational background has not been disclosed, his professional journey reflects his expertise in product development, engineering, and strategic management.

    $BC Performance Under David M. Foulkes

    Past Roles

    OrganizationRoleDate RangeDetails
    Brunswick Corporation Chief Technology Officer and President, Brunswick Marine Consumer Solutions 2018–2019 Former role before CEO appointment
    Brunswick Corporation Vice President and Chief Technology Officer 2014–2018 Former role before CEO appointment
    Mercury Marine Vice President of Product Development and Engineering 2010–2018 Former role at Brunswick Corporation
    Mercury Racing President 2012–2018 Former role at Brunswick Corporation
    Mercury Marine Vice President for Research and Development 2007–2010 Former role at Brunswick Corporation
    Ford Motor Company Senior Role N/A Held senior role prior to joining Brunswick Corporation
    Shell Exploration Senior Role N/A Held senior role prior to joining Brunswick Corporation
    United Kingdom Ministry of Defense Senior Role N/A Held senior role prior to joining Brunswick Corporation

    External Roles

    OrganizationRoleDate RangeDetails
    Vontier Corporation Director N/A Current external role at Brunswick Corporation

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Salary $1,162,885Annual 2023 Base salary for 2023.
    All Other Compensation $389,617Annual 2023 Breakdown: Defined Contribution Plan (Qualified): $31,033; Defined Contribution Plan (Non-Qualified): $289,781; Product Program: $35,000; Personal Use of Company Aircraft: $24,450; Executive Physical: $9,353.
    Non-Qualified Deferred Compensation Restoration Plan: Exec Contributions: $332,383, Company Contributions: $289,781, Earnings: $649,250, Balance (FYE): $4,048,395; 2005 Plan: Earnings: $176,013, Balance (FYE): $654,399Deferred as recorded at year-end Combination of two deferred compensation plans with detailed contribution, earnings, and balance information.

    Performance Compensation

    Data from  FY 2023

    Performance Shares & RSUs

    ComponentShares/AmountMetrics (Threshold / Target / Maximum)Grant DateGrant Date Fair ValueVesting ScheduleAdditional Details
    Performance Shares Threshold: 0 shares; Target: 46,230 shares; Maximum: 92,460 sharesAdjusted EPS – Enterprise: Threshold: $7.90, Target: $9.50–$10.50, Maximum: $12.10; FCF – Enterprise: Threshold: $215M, Target: $375M–$500M, Maximum: $660M Feb 16, 2023 $4,089,968 End of three-year performance period (2023–2025) with possible ±20% adjustment based on TSR Vests based on final plan performance and continued employment.
    RSUs 46,240 sharesN/AFeb 16, 2023 $4,089,928 Fully vest on the third anniversary (Feb 16, 2026) Subject to continued employment.

    Non-Equity Incentive Plan

    MetricAdjusted EPS – EnterpriseFree Cash Flow – Enterprise
    Threshold $7.90$215M
    Target $9.50–$10.50$375M–$500M
    Maximum $12.10$660M
    Actual Payout68%–78% of target opportunity; $1,114,000 payout N/A
    Grant DateFeb 16, 2023 N/A
    Grant Date Fair Value (of Stock Awards)$8,179,896 N/A
    Grant Date Stock Price$96.75 as of Dec 29, 2023 N/A
    VestingRSUs vest on the third anniversary; Performance Shares vest at the end of the three-year period with potential TSR adjustmentN/A

    The above tables provide a detailed breakdown of the performance compensation components for 2023, including share-based awards and non-equity incentive plan metrics with exact amounts, targets, thresholds, vesting schedules, and other relevant details.