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Kevin Murphy

President & Chief Executive Officer at Ferguson Enterprises Inc. /DE/
Board
Since November 2019
Age
54 years
Tenure
Joined FERG in 1999 as an operations manager and has since held roles including Chief Operating Officer (2007-2017), Chief Executive Officer (2017-2019), and President & Chief Executive Officer from November 2019.

Also at Ferguson Enterprises Inc. /DE/

AS
Allison Stirrup
Chief Human Resources Officer (CHRO)
AP
Andy Paisley
Chief Digital and Information Officer

About

Kevin Murphy is a seasoned executive who began his career at FERG in 1999 as an operations manager following the acquisition of his family’s business. Over the years, he has developed a reputation for strong leadership, playing a key role in the company’s growth.

Throughout his tenure, he served as Chief Operating Officer from 2007 to 2017 and later advanced to Chief Executive Officer of the company’s U.S. business segment between 2017 and 2019. His appointment in November 2019 as President & Chief Executive Officer marks a significant milestone in his leadership journey.

In addition to his executive role at FERG, he also contributes to the broader industry by serving as a member of the board of directors at Pool Corporation. His career reflects a strong commitment to operational excellence and strategic development at both the corporate and industry levels.

$FERG Performance Under Kevin Murphy

Past Roles

OrganizationRoleDate RangeDetails
Ferguson Enterprises, LLC (FEL)Chief Executive Officer2017 - 2019Served as CEO of FEL, the U.S. operating subsidiary
Ferguson Enterprises, LLC (FEL)Chief Operating Officer2007 - 2017Held the COO position at FEL
Ferguson EnterprisesOperations Manager1999 - 2007Joined Ferguson as an operations manager following the acquisition of his family’s business
Midwest Pipe and SupplyEmployee (unspecified role)Pre-1999Worked at his family’s business before joining Ferguson

External Roles

OrganizationRoleDate RangeDetails
Pool CorporationMember of Board of DirectorsCurrentActive position outside Ferguson

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Salary$1,237,059 Fiscal Year 2024Base salary for FY24
FY24 Omnibus Plan (RSUs)9,699 RSUs; Fair value: $1,732,823 Vests on October 12, 2026Granted on December 7, 2023; vesting subject to continued employment
Deferred CompensationExecutive Contribution: $61,979; Company Contribution: $177,445; Aggregate Earnings: $151,813; Ending Balance: $5,188,176 Accumulates during FY24As of July 31, 2024; includes both employee and company contributions plus earnings
Other Compensation$251,723 Fiscal Year 2024Represents perquisites, benefits and other non-cash items
Potential Termination/Change in Control PaymentsDeath: $15,966,515; Disability: $4,778,034; Qualifying Termination: $5,411,924; Change in Control (Non-Qualifying): $19,573,399; Change in Control (Qualifying): $30,739,954; Retirement: $0 Contingent upon event occurrenceAs of July 31, 2024; amounts vary by scenario

Performance Compensation

Data from  FY 2024

Non-Equity Incentive Plan Compensation (Annual Bonus)

MetricWeightingThresholdTargetMaximumActual
Adjusted Operating Profit ($ million)70%$2,484 $2,700 $2,916 $2,824
Cash-to-Cash Days (days)20%67.6 62.6 57.6 63.9
ESG10%Qualitative Qualitative Qualitative Maximum Payout

Target Bonus: $1,855,589

Actual Bonus Earned: $2,442,802

Long-Term Incentive Opportunity (LTIP & PSUs)

MetricWeightingDetails
Relative Total Shareholder Return (TSR)33.3%Measured relative to S&P 500 Industrials as of August 1, 2023
Adjusted EPS Growth (Diluted)33.3%Growth from adjusted EPS for year ended July 31, 2023 to July 31, 2026
Return on Capital Employed (ROCE)33.3%Based on adjusted EBIT and average capital employed

LTIP & PSU Grant Details:

  • Grant Date: October 12, 2023
  • LTIP Shares Awarded: 18,798 with a grant date fair value of $2,792,377
  • PSU Award: 3,834 PSUs with a grant date fair value of $595,931
  • Vesting Schedule: Vest on October 12, 2026, contingent on achievement of performance metrics and continued employment
  • Evaluation Period: August 1, 2023 to July 31, 2026