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    Sanjay Mirchandani [May 9

    President and Chief Executive Officer (CEO) at Commvault Systems Inc
    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 Inc

    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.