Shyam P. Kambeyanda

President and Chief Executive Officer at ESAB

Board

Since May 2016

Age

54 years

Education

Holds bachelor's degrees in Physics and General Science from Coe College in Iowa, Electrical Engineering from Iowa State University, and an M.B.A. from the Kellogg School of Management at Northwestern University, and is a Six Sigma Green Belt.

Tenure

Joined ESAB in May 2016 as President and Chief Executive Officer and later joined the Board of Directors in April 2022.

Also at ESAB

Curtis Jewell

Senior Vice President and Corporate Secretary

Eleanor Lukens

President, Americas

Kevin Johnson

Chief Financial Officer (CFO)

About

Shyam P. Kambeyanda has established a robust foundation in both science and business through extensive academic achievements, including degrees in physics, general science, electrical engineering, and an M.B.A., complemented by a Six Sigma Green Belt certification.

Before his arrival at ESAB, he gained significant international and leadership experience during his career at Eaton Corporation, where he advanced through pivotal roles such as President Americas for the Hydraulics Group, starting in 1995. His diverse responsibilities across engineering, quality, and business strategy provided him a comprehensive perspective on global operations and emerging markets.

At ESAB, he has played a key role in driving global expansion and financial performance improvements since joining as President and Chief Executive Officer in May 2016. His leadership is further recognized by his appointment to the Board of Directors in April 2022, reflecting his broad impact on the company’s strategic direction.

$ESAB Performance Under Shyam P. Kambeyanda

Past Roles

Organization	Role	Date Range	Details
Eaton Corporation	President Americas for Eaton Corporation’s Hydraulics Group; held various roles	1995 - May 2016	Joined Eaton in 1995 and advanced through multiple roles in engineering, quality, e-commerce, product strategy, and operations management

External Roles

Organization	Role	Date Range	Details
Veralto Corporation	Board of Directors and Audit Committee Member	N/A	Serves on the board and Audit Committee; active role outside of ESAB

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,030,000	Annual (2023)	Fixed base compensation
Time-Based RSUs	$1,126,448	Vest in 3 equal annual installments starting March 8, 2024	18,370 RSUs granted on March 8, 2023
Option Awards	$1,087,510	Vest ratably over 3 years starting March 8, 2024	49,658 options at $61.32 per share
All Other Compensation	$279,892	As specified for 2023	Additional cash compensation

Performance Compensation

Data from FY 2023

Bonus

Metric	Details
Bonus Base Salary	$1,040,000
Target Bonus Percentage	120%
Target Bonus Amount	$1,248,000
Corporate Financial Factor (CFF)	142%
Individual Performance Factor (IPF)	120%
Final Bonus Payment	$2,129,588
Performance Metrics	Adjusted EBITDA, Net Sales, Working Capital Turns
Evaluation Period	2023 performance aligned with ESAB’s operational and financial goals

Performance-Based RSUs (PRSUs)

Metric	Details
Grant Date	March 8, 2023
Grant Date Fair Value	$2,252,897
Threshold Shares	18,370
Target Shares	36,740
Maximum Shares	73,480
Performance Metrics	EBITDA percentage improvement; Free Cash Flow Conversion improvement
Vesting Condition	Cliff vest at end of performance period (Dec 31, 2025) with 50% share holding for one additional year
Evaluation & Certification	Certification by the Compensation and Human Capital Management Committee