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Rainer M. Blair

President and Chief Executive Officer at DANAHER CORP /DE/
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 /DE/

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.

Interviews

Opening Remarks thumbnail

Opening Remarks

Danaher Corporation
12:39 min
Jan 8, 2025
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Opening Remarks by Rainer Blair thumbnail

Opening Remarks by Rainer Blair

Danaher Corporation
19:07 min
Apr 12, 2024
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