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    Stephen O. LeClair

    Chief Executive Officer at Core & Main Inc
    Board
    Since July 2021
    Age
    54 years
    Education
    Holds a Bachelor's degree in Mechanical Engineering from Union College and an MBA from the University of Louisville.
    Tenure
    Has served as both a board member and Chief Executive Officer at CNM since July 2021.

    Also at Core & Main Inc

    MRW
    Mark R. Witkowski
    Chief Financial Officer (CFO)
    BAC
    Bradford A. Cowles
    President of Core & Main
    JDG
    Jeffrey D. Giles
    Vice President of Corporate Development

    About

    Stephen O. LeClair is a seasoned executive with extensive experience in both private equity and publicly traded companies. He has held multiple leadership roles throughout his career, including significant tenures at HD Supply Waterworks and General Electric, where he advanced through positions such as President, Chief Operating Officer, and Senior Vice President.

    At CNM, he currently directs the company’s strategic direction as its Chief Executive Officer and serves on the board of directors, having joined in July 2021. His diverse experience in operational management and strategic growth initiatives has contributed to his successful leadership in the industry.

    Throughout his career, LeClair has demonstrated a commitment to operational excellence and value creation for shareholders, leveraging his deep industry knowledge and broad business experience to drive performance and innovation.

    $CNM Performance Under Stephen O. LeClair

    Past Roles

    Organization Role Date Range Details
    HD Supply Waterworks President 2014-2017 Held before becoming CEO
    HD Supply Waterworks Chief Operating Officer 2008-2012 Held before becoming CEO
    HD Supply Lumber and Building Materials President 2007-2008 Held before becoming CEO
    GE Equipment Services (General Electric Company) Senior Vice President, Marketing & Product Management N/A Part of 15 years with GE
    GE Appliances (General Electric Company) Retail Business Development Leader N/A Part of 15 years with GE

    External Roles

    Organization Role Date Range Details
    AAON Inc. Independent Director N/A N/A

    Fixed Compensation

    Data from  FY 2022
    Component NameAmountPayment ScheduleAdditional Details
    Salary$836,538 Annual Base salary
    All Other Compensation$52,893 Annual Breakdown: 401(k) Matching: $9,265 ; HSA Matching: $250 ; Life Insurance Premiums: $2,290 + $1,788 tax payment ; Vehicle Allowance: $39,300

    Performance Compensation

    Data from  FY 2022

    Non-Equity Incentive Plan Compensation for 2022

    Metric [Unit]ThresholdTargetGrowth TargetMaximumActual PerformancePayout (%)Weight
    MICP Adjusted EBITDA [USD million]$590M (94% attainment, 25% payout) $625M (100% attainment, 100% payout) $674M (108% attainment, 150% payout) $722M (116% attainment, 200% payout) $924M 200% 80%
    MICP Working Capital Percentage [%]20.8% (77% attainment, 25% payout) 16.0% (100% attainment, 100% payout) 15.5% (103% attainment, 150% payout) 15.0% (107% attainment, 200% payout) 21.8% 0% 20%

    Overall Weighted Average Payout: 160%

    Grant Date: March 11, 2022

    Base Salary for MICP Calculation: $850,000

    Target MICP Opportunity: 125% of base salary = $1,062,500

    Actual MICP Award: $1,700,000

    Vesting: Not applicable as the non-equity incentive plan is cash-based.