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Sanjay Mirchandani [May 9

President and Chief Executive Officer (CEO) at COMMVAULT SYSTEMS
Board
Since February 2019
Age
59 years
Education
Holds a Master of Business Administration degree from the University of Pittsburgh and a bachelor's degree in mathematics from Drew University.
Tenure
Joined Commvault in February 2019 as President and Chief Executive Officer and has served in that role since.

Also at COMMVAULT SYSTEMS

GM[9
Gary Merrill [May 9
Chief Financial Officer (CFO)
JD[1
Jennifer DiRico [August 12
Chief Financial Officer (CFO)

About

Sanjay Mirchandani, currently 59 years old as of May 9, 2024 , has built a career marked by extensive leadership in the technology sector. He has earned a Master of Business Administration from the University of Pittsburgh and a bachelor's degree in mathematics from Drew University, forming the foundation of his expertise.

Joining Commvault in February 2019, he took on the role of President and Chief Executive Officer, guiding the company through complex operational and strategic challenges. Prior to this, he held executive positions at companies such as Puppet, VMware, EMC Corporation, Microsoft, and Arthur Andersen LLP, which enriched his understanding of the IT landscape and international business.

His professional journey is complemented by active participation in public company boards, including his service on the board of Itron, Inc. since 2023. This balanced profile of academic achievement and diverse leadership experience underscores his objective approach to driving innovation and operational excellence at Commvault.

$CVLT Performance Under Sanjay Mirchandani [May 9

Past Roles

OrganizationRoleDate RangeDetails
Puppet, Inc.President and COOMay 2016 – September 2016Served in a leadership role prior to his CEO appointment
Puppet, Inc.Chief Executive OfficerSeptember 2016 – January 2019Led Puppet, Inc. as CEO before transitioning to CVLT
VMware, Inc.Corporate Senior Vice President and General Manager of Asia Pacific and JapanOctober 2013 – April 2016Held strategic regional leadership role
EMC CorporationChief Information Officer and Leader of the Global Centers of ExcellenceJune 2006 – October 2013Oversaw IT and global operational excellence
Microsoft CorporationVarious PositionsN/ADetails not specified
Arthur Andersen LLPVarious PositionsN/ADetails not specified

External Roles

OrganizationRoleDate RangeDetails
Itron, Inc.Board Member2023 – PresentHeld board position since 2023

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Salary$645,000 Fiscal Year 2024Base salary
Stock Awards (Grant Date Fair Value)$10,694,658 Fiscal Year 2024Restricted & performance RSUs at target (100%); Maximum at 200%: $16,539,356
All Other Compensation$65,052 Fiscal Year 2024401(k) Matching: $6,100 ; Financial & Estate Planning: $12,000 ; Corporate Car: $46,952 (incl. $13,077 for personnel transportation)

Performance Compensation

Data from  FY 2024

Performance Metrics & Targets

MetricWeight (%)ThresholdTarget (Payout %)Maximum (Cap)
Revenue60% 93% of target (50% payout) 100% (100% payout) 104% (200% payout)
Non-GAAP EBIT40% 89% of target (50% payout) 100% (100% payout) 108% (200% payout)

Actual Performance Results

MetricAchievementAchievement (% of Target)Payout FactorWeighted Payout (%)
Revenue$839 million 99.5% 97.1% 58.4% (60% weight)
Non-GAAP EBIT$177 million 102.1% 126.3% 50.6% (40% weight)
TotalN/AN/AN/A109% overall payout

Additional Details

  • Vesting Schedule: Payouts determined at fiscal year-end based on annual corporate financial goals.
  • Grant Date: May 15, 2023.
  • Equity Awards: 77,811 time-based RSUs, 38,905 Relative TSR PSUs, and 38,905 Financial PSUs.
  • Annual Cash Incentive: Target of $645,000 with an actual earned incentive of $703,050.
  • Evaluation Period: Fiscal Year 2024.