Christophe Beck

Chairman and CEO at ECOLAB

Board

Since October 2022

Age

57 years

Education

Holds a Master of Science in Mechanical Engineering and Aerodynamics from École Polytechnique Fédérale de Lausanne.

Tenure

Joined Ecolab in 2007 and has advanced through multiple senior roles including Executive Vice President and President – Industrial, President and Chief Operating Officer, President and Chief Executive Officer, Chairman, CEO and President, and now serves as Chairman and Chief Executive Officer.

Also at ECOLAB

AMB

Angela M. Busch

EVP – Corporate Strategy & Business Dev.

DRB

Darrell R. Brown

President and COO

Gail Peterson

EVP – Global Marketing & Communications

About

Christophe Beck has built a career defined by a blend of technical expertise and global leadership. Born in 1967, he developed an early passion for innovation that was evident during his work on the European space shuttle project HERMES with the European Space Agency, showcasing his strong foundation in science and technology.

His professional journey continued with a notable 16-year tenure as a senior executive at Nestlé, where he managed major business segments and honed his strategic acumen. This pivotal experience paved the way for his transition to Ecolab in 2007, where he quickly rose through the ranks, taking on increasing responsibilities that underscored his leadership abilities.

At Ecolab, his career has been marked by a series of promotions in roles critical to the company’s success, including overseeing significant initiatives such as the integration of a major acquisition. His leadership in driving growth, sustainability, and innovation has not only contributed to the company’s evolution but also earned him recognition as a Young Global Leader of the World Economic Forum in 2006.

$ECL Performance Under Christophe Beck

Past Roles

Organization	Role	Date Range	Details
Ecolab Inc.	Chairman, Chief Executive Officer, and President	May 2022	Held before final appointment as current Chairman and CEO
Ecolab Inc.	President and Chief Executive Officer	Jan 2021 - May 2022
Ecolab Inc.	President and Chief Operating Officer	Jan 2020 - Dec 2020
Ecolab Inc.	Senior Leadership Roles (Industrial, Nalco Water, International, Institutional)	2007 - 2019
Nestlé	Senior Executive	16 years	Managed global marketing, sales, and management roles across Europe, Asia, and North America
European Space Agency	Project Team Member (HERMES space shuttle project)	N/A

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,243,750	Annual	Fixed cash salary for 2023
Registrant Contributions to Non-Qualified Deferred Compensation Plan	$278,700	N/A	Deferred compensation contribution
Pension Plan Contributions (Present Value)	$148,309	N/A	Present Value of Accumulated Benefit
Mirror Pension Plan Contributions (Present Value)	$418,701	N/A	Present Value of Accumulated Benefit
SERP Contributions (Present Value)	$2,086,811	N/A	Supplemental Executive Retirement Plan

Performance Compensation

Data from FY 2023

Annual Cash Incentive (MIP)

Metric	Value	Details
Performance Metric	100% Adjusted EPS	Adjusted EPS is the sole metric with 100% weight
Threshold Payout	$671,625	Represents 36% of target
Target Payout	$1,865,625	Set at 150% of base salary
Maximum Payout	$3,731,250	Capped at 200% of target
Actual Result	200% of target	Maximum payout achieved
Payment Schedule	Annual, paid in March 2024	Performance reviewed in February 2024
Modifier	0% Growth & Impact	Modifier not applied as maximum was reached

Performance-Based Restricted Stock Units (PBRSUs)

Metric	Value	Details
Performance Metric	3-year average organic ROIC	Primary metric evaluated over a three-year period
Target	13.4%	Target ROIC
Threshold	10.0%	Minimum acceptable ROIC
Maximum	15.7%	Maximum ROIC level for optimal payout
Payout Range	0% - 200% of target	Threshold payout at 40%
Vesting Schedule	Cliff vest after 3 years	Vesting contingent on performance over 2024-2026
Evaluation Period	2024-2026 (3 years)	Performance period for PBRSUs
Grant Date	December 6, 2023	Award date
Grant Date Fair Value	$5,874,624	Fair value determined at grant
Grant Date Stock Price	$187.49 per share	Stock price on grant date
Conditions	No dividend equivalents	Additional conditions apply

Stock Options Granted

Metric	Value	Details
Grant Date	December 6, 2023	Award date
Grant Date Fair Value	$4,055,664	Fair value determined at grant
Grant Date Stock Price	$191.03 per share	Stock price on grant date
Number of Options	80,342	Total options granted
Vesting Schedule	26,780 in Dec 2024, 26,781 in Dec 2025, 26,781 in Dec 2026	Time-based vesting schedule, equally divided
Expiration Date	December 6, 2033	Option expiration date
Performance Metric	None	Vesting is time-based rather than performance-based

Potential Termination/Change in Control Payments (Performance-Based Components)

Metric	Value	Details
Cash Lump Sum	$6,500,000	Payment upon change in control
Equity Award Component	31,333 shares	Target number of PBRSUs
Total Potential Value	$24,790,050	Includes cash and equity awards
Conditions	Post-termination/change-in-control provisions	Subject to specific conditions