Sivasankaran Somasundaram

President and CEO at ChampionX

Since April 18, 2018

Age

59 years

Education

Earned a B.S. in Mechanical Engineering from Anna University and an M.S. in Industrial Engineering from the University of Oklahoma.

Tenure

Joined ChampionX as President and CEO in 2018 following its spin-off from Dover Corporation and has held various leadership roles prior to that.

Also at ChampionX

Deric Bryant

COO and President, Chemical Technologies

Jordan Zweig

Senior Vice President and Chief Human Resources Officer

Julia Wright

Senior Vice President, General Counsel, and Secretary

About

Sivasankaran Somasundaram has been serving as the President and CEO of ChampionX Corporation since April 18, 2018, leading the company through transformational periods including a critical merger in 2020 and the embedding of ESG priorities into business operations. His tenure at ChampionX reflects a strategic shift following the company’s spin-off from Dover Corporation, where he previously held multiple leadership positions.

Holding a strong academic foundation with a Bachelor of Science in Mechanical Engineering from Anna University and a Master of Science in Industrial Engineering from the University of Oklahoma, he has leveraged this expertise to drive engineering and operational excellence throughout his career.

Before his role at ChampionX, he served as Vice President at Dover Corporation and was the President and CEO of Dover Energy from 2013 until the spin-off in 2018, further solidifying his reputation as a transformative leader. His global experience, having lived and worked in countries such as India, Germany, Singapore, and Australia, complements his professional achievements and underscores his commitment to innovation and strategic growth.

$CHX Performance Under Sivasankaran Somasundaram

Past Roles

Organization	Role	Date Range	Details
Dover Corporation	Vice President of Dover Corporation and President & CEO of Dover Energy	2013-2018	Also held roles as Executive VP of Dover Energy, Executive VP of Dover Fluid Management, President of Dover’s Fluid Solutions Platform, President of Dover’s Gas Equipment Group, and President of Dover’s RPA Process Technologies
GL&V Inc.	Various global leadership roles	N/A	N/A
Baker Hughes Inc.	Various global leadership roles	N/A	N/A

External Roles

Organization	Role	Date Range
Magellan Midstream	Board Member	N/A

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$925,000	2023 Annual	Fixed annual base salary; no additional breakdown provided
All Other Compensation	$36,914	2023 Annual	Includes various benefits and perquisites; further breakdown details not provided

Performance Compensation

Data from FY 2023

Non-Equity Incentive Plan Compensation

Metric Name [Unit]	Threshold	Target	Maximum	Actual	Weight
Consolidated Adjusted EBITDA [Million $]	$560.25M	$747.00M	$859.05M	$734.89M	30%
Consolidated Adjusted Free Cash Flow [%]	25.0%	50.0%	65.0%	56.12%	30%
New Technology Revenues [Million $]	$250.95M	$334.61M	$418.26M	$320.57M	10%
Individual Performance/Strategic Initiatives	N/A	N/A	N/A	N/A	30%

Additional Details:

EAIP Target Award as a Percentage of Base Salary: 120%.
Payout Range: 0%-200% of target based on the percentage achievement of each performance measure.
Vesting and evaluation align with the overall performance period.

Performance Share Awards (PSAs)

Component	Details
Performance Metrics	Cumulative Total Shareholder Return (TSR) relative to the TSR Performance Peer Group; Free Cash Flow as a Percentage of Revenue
TSR Metric Payouts	0% for TSR below 25th percentile; 25% at 25th percentile; 100% at 50th percentile; 200% at or above 90th percentile with linear interpolation
Overall Payout Range	0%-200% of target
Grant Date	February 16, 2023
Grant Date Fair Value	$2,873,094
Number of Shares Granted	Threshold: 19,556; Target: 78,222; Maximum: 156,444
Vesting Schedule	Vesting occurs after the three-year performance period ending December 31, 2025
Additional Conditions	Includes an absolute TSR collar limiting payouts if absolute TSR is negative; Peer group includes major oilfield and chemical companies