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    Rainer M. Blair

    President and Chief Executive Officer at Danaher Corp
    Since September 2020
    Age
    60 years
    Tenure
    Joined Danaher in 2010, progressed through roles such as Vice President - Group Executive and Executive Vice President, and was promoted to President and CEO in September 2020.

    Also at Danaher Corp

    BWE
    Brian W. Ellis
    Senior Vice President - General Counsel
    CPR
    Christopher P. Riley
    Executive Vice President
    DAR
    Daniel A. Raskas
    Senior Vice President - Corporate Development

    About

    Rainer M. Blair has built a distinguished career at Danaher, having joined the company in 2010 and progressively taking on roles with increasing responsibility. Starting with various general management positions, he advanced to Vice President - Group Executive and Executive Vice President before being promoted to President and CEO in September 2020.

    In addition to his extensive corporate experience, he brings a diverse background and a global perspective to his role. His leadership is informed by his service in the U.S. Army and his experience living and working on three continents, which has contributed to his deep multi-cultural expertise.

    Under his guidance, Danaher has embarked on significant strategic initiatives, including transforming its portfolio into a life sciences and diagnostics innovator. His forward-looking approach focuses on driving sustainable growth, expanding margins, and enhancing cash flow, illustrating his commitment to both operational excellence and strategic innovation.

    $DHR Performance Under Rainer M. Blair

    Past Roles

    Organization Role Date Range Details
    Danaher CorporationExecutive Vice PresidentJanuary 2017 to September 2020Held position before promotion to CEO
    Danaher CorporationVice President - Group ExecutiveMarch 2014 to January 2017Held position before subsequent EVP role

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Salary$1,300,000 Annual (2023)Fixed base salary for 2023
    Company Contributions to 401(k)$22,960 As specified in 2023 planContribution to employee 401(k) plan
    Company Contributions to EDIP$312,000 As specified in 2023 planExecutive Deferred Incentive Plan

    Performance Compensation

    Data from  FY 2023

    Annual Cash Incentive Compensation

    MetricValueAdditional Details
    Performance MetricsCore Revenue Growth, Operating Profit Margin Expansion, Earnings Per Share, Free Cash Flow, Qualitative goals Metrics tied to fiscal performance and strategic objectives including Veralto Spin-Off and business integration
    Threshold Payout$1,300,000 Minimum performance level required
    Target Payout$2,600,000 Expected performance payout level
    Maximum Payout$5,200,000 Cap on payout achievement
    Evaluation PeriodFiscal Year 2023Performance measured over the 2023 fiscal year; Grant and approval date on May 9, 2023
    VestingN/ACash incentive awards are paid out following the performance evaluation without vesting conditions

    Performance Stock Units (PSUs)

    DetailValueAdditional Details
    Grant DateFebruary 24, 2023 PSU awards granted on this date
    Grant Date Fair Value$8,068,474 Determined via Monte Carlo simulation with an illiquidity discount
    Grant Date Stock Price$221.29 per share Basis for valuation of the PSUs
    Payout StructureThreshold: 8,474 shares , Target: 33,893 shares , Maximum: 67,786 shares Payout linked to performance conditions including heavy emphasis on Adjusted EPS
    Vesting ScheduleMandatory holding period until end of 2024 PSUs vest with a mandatory holding period to preserve intrinsic value
    Valuation AssumptionsVolatility: 27.77%, Risk-free rate: 4.51%, Dividend yield: 0.00% Calculated using a Monte Carlo simulation model

    Stock Options

    • Note: The 2023 Stock Options awarded to Rainer M. Blair are time-based awards with a four-year vesting schedule and are not tied to performance metrics.
    MetricValueAdditional Details
    Grant DateFebruary 24, 2023 Award granted and approved in early 2023
    Grant Date Fair Value$7,509,417 Fair value determined at the grant date
    Exercise Price$221.29 per share Matches the grant date stock price
    Number of Options91,602 Total options granted
    Vesting Schedule25% each on the first four anniversaries Vesting is strictly time-based with no performance conditions
    Expiration DateFebruary 24, 2033 Options expire 10 years after the grant date

    The performance compensation for 2023 consists of two distinct performance-based elements – the Annual Cash Incentive Compensation and the Performance Stock Units (PSUs). The annual cash incentive is tied to key financial and operational metrics, with clear payout thresholds and targets, while the PSUs incorporate share-based performance targets, a detailed payout structure, and a mandatory holding period. The stock options, although part of overall executive awards, are time-based and not subject to performance conditions.