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Lynn M. Bamford

Chair and Chief Executive Officer at CURTISS WRIGHT
Board
Since January 1, 2021
Age
61 years
Education
Holds a Bachelor of Science in Electrical Engineering from Penn State University and a Master of Science in Electrical Engineering from George Mason University.
Tenure
Joined Curtiss-Wright in 2004 through its acquisition of Dy4, serving in roles such as Vice President, Product Development and Marketing; Vice President and General Manager of Embedded Computing; Senior Vice President and General Manager of Defense Solutions; President of Defense and Power Segments; and ultimately becoming President and Chief Executive Officer on January 1, 2021, with an appointment as Chair in May 2022.

Also at CURTISS WRIGHT

GAO
Gary A. Ogilby
Vice President and Corporate Controller
GPM
George P. McDonald
Vice President, General Counsel, and Corporate Secretary
JCW
John C. Watts
Vice President of Strategy and Corporate Development

About

Lynn M. Bamford has developed a notable career over more than two decades at Curtiss-Wright, initiating her journey in 2004 through a strategic acquisition. Early in her career, she demonstrated strong technical and operational leadership, progressing from roles in product development and embedded computing to leading major divisions within the company.

Her professional journey is marked by significant promotions that reflect her expertise and strategic vision, as she transitioned from pivotal management roles to becoming President and Chief Executive Officer on January 1, 2021. This appointment was a culmination of her proven track record in driving growth and innovation within the defense and power segments.

Under her leadership, the organization has experienced major strategic acquisitions and operational transformations, reinforcing a commitment to innovation and financial discipline. Her subsequent appointment as Chair in May 2022 further underscores the confidence placed in her ability to guide the company toward long-term success.

$CW Performance Under Lynn M. Bamford

Past Roles

OrganizationRoleDate RangeDetails
Curtiss-Wright Corporation President of the Corporation January 1, 2021 - May 5, 2022 Held concurrently with other roles prior to becoming Chair and CEO
Curtiss-Wright Corporation President and Chief Executive Officer January 1, 2021 - May 5, 2022 Preceded current role as Chair and CEO
Curtiss-Wright Corporation President of Defense and Power Segments January 2020 - (Ended on promotion) Oversaw strategic goals, technology development, global operations, and financial performance
Curtiss-Wright Corporation Senior Vice President and General Manager of Defense Solutions and Nuclear Divisions 2018 - (Ended on promotion) N/A
Curtiss-Wright Corporation Senior Vice President and General Manager of Defense Solutions Division 2013 - 2019 N/A
Curtiss-Wright Corporation Vice President and General Manager of Embedded Computing Business 2004 - (Ended on promotion) N/A
Curtiss-Wright Corporation Vice President, Product Development and Marketing for the Controls Segment 2004 - (Ended on promotion) N/A
Dy4 Engineering and Leadership Positions Pre-2004 Held various roles prior to joining CW

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$989,231N/AFixed base salary for 2023
Automobile$26,084N/APersonal use of company-leased car
Financial Planning$13,975N/AFinancial planning services
Other$4,080N/AOther components included in All Other Compensation

Performance Compensation

Data from  FY 2023

Annual Incentive Compensation Plan (ICP)

MetricWeight (%)ThresholdTargetMaximumActual ResultPayout CalculationSource
Corporate Operating Income30%$423,385$470,428$493,949$494M (199% of target)N/A
Organic Sales Growth20%2.0%5.0%6.0%10.7% (200% of target)N/A
Working Capital (% of Sales)30%28.5%25.9%24.6%23.8% (200% of target)N/A
Individual Objectives20%N/AN/AN/ARating 3.8 (140% achieved)N/A
Total ICP PayoutN/AN/A$2,252,400N/A140% of targetN/A

Long-Term Incentive Plan (LTI) – Cash-Based Performance Units

MetricWeight (%)ThresholdTargetMaximumAdditional DetailsSource
Adjusted EPS Growth40%4.0%6.0%8.0%Calculated as net earnings from continuing operations with specific adjustments
Total Sales Growth60%3.0%5.0%7.0%Average percentage increase in sales over the three-year performance period (2023-2025)
Payout RangeN/A50% of target100%200%Payout based on the extent of performance outcomes
Grant DetailsN/AN/AN/AN/AGrant Date: Mar 16, 2023; Fair Value: $1,290,000; Stock Price: N/A; Period: 2023-2025

Long-Term Incentive Plan (LTI) – Performance Share Units (PSUs)

MetricConditionPayout LevelDetailsSource
Three-year Relative TSRCompared against a peer groupN/APerformance period: 2023-2025
Payout LevelsTSR at key percentile thresholds50% / 100% / 200%Threshold: 25th percentile (50%); Target: 50th percentile (100%); Maximum: 75th percentile (200%); Below threshold: 0%; Cap: If TSR is negative, maximum payout is capped at 100%
Grant DetailsN/AN/AGrant Date: Mar 16, 2023; Fair Value: $1,720,000; Units: Threshold: 5,067, Target: 10,134, Maximum: 20,268; Vest: Cliff vest on Dec 31, 2025; Stock Price determined using the closing price on grant date

Long-Term Incentive Plan (LTI) – Restricted Stock Units (RSUs)

DetailValueSource
Grant DateMar 16, 2023
Grant Date Fair Value$1,290,000
Number of RSUs7,600
Vesting ScheduleCliff vest 100% on the third anniversary
Grant Date Stock Price$222.79 (based on Dec 31, 2023 closing price)
Performance MetricsNot applicable (RSUs are time-based awards)