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Douglas J. Pferdehirt

Chair and Chief Executive Officer at TechnipFMC
Board
Since May 1, 2019
Age
61 years
Tenure
Joined FMC Technologies in 2012, served as Chief Operating Officer from 2012 to 2016, President and Chief Executive Officer from 2016 to 2017, and became Chair and Chief Executive Officer on May 1, 2019.

Also at TechnipFMC

AM
Alf Melin
Executive Vice President and CFO
CA
Cristina Aalders
EVP, Chief Legal Officer, and Secretary
DL
David Light
SVP, Controller, and Chief Accounting Officer

About

Douglas J. Pferdehirt is a seasoned executive with extensive experience in the energy sector, having started a long and distinguished career that includes 26 years at Schlumberger Limited in various leadership roles.

After joining FMC Technologies in 2012, he quickly rose through the ranks, serving first as Chief Operating Officer and then as President and Chief Executive Officer, showcasing his capability to manage large-scale operations and complex corporate transformations.

His leadership during the merger of FMC Technologies and Technip S.A. underscores his strategic insight and commitment to guiding organizations through periods of change. As Chair and Chief Executive Officer since May 2019, he continues to steer the company with a focus on financial diligence, risk management, and environmental, social, and governance (ESG) responsibilities.

His comprehensive background in executive management makes him a trusted leader, bridging operational expertise with a deep understanding of market dynamics, thereby ensuring that the company is well-positioned for future growth.

$FTI Performance Under Douglas J. Pferdehirt

Past Roles

Organization Role Date Range Details
FMC Technologies, Inc. President and Chief Executive Officer 2016 to 2017 Prior to merger of FMC Technologies and Technip S.A.
FMC Technologies, Inc. Chief Operating Officer 2012 to 2016
FMC Technologies, Inc. Board Member Until 2017 (merger)
Schlumberger Limited Executive Leadership Positions 26 years Held a succession of executive roles

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,328,700 AnnualFixed base salary
Contributions to Savings Plans$271,773 AnnualIncludes contributions to the U.S. Qualified and Non-Qualified Savings Plans
Financial Planning and Personal Tax Assistance$15,000 AnnualFixed compensation component
Personal Use of Company Automobile$14,311 AnnualFixed compensation component
Security Services$26,071 AnnualFixed compensation component
U.K. Tax Preparation$4,437 AnnualFixed compensation component
Company-Paid Life Insurance Premium$494 AnnualFixed compensation component
Spousal Travel$9,841 AnnualFixed compensation component

Performance Compensation

Data from  FY 2023

Annual Cash Incentive

MetricWeightThresholdTargetMaximumVesting ScheduleEvaluation PeriodAdditional Details
Annual Cash Incentive75% (BPI); 25% (API) $1,793,745 $3,587,490 Up to 200% of target Not applicableAnnualSet at 135% of base salary

PSU - TSR

MetricWeightThreshold (50% payout)Target (100% payout)Maximum (200% payout)Vesting DateGrant DateGrant Date Fair ValueEvaluation PeriodAdditional Details
PSU - TSR50% 130,286 units 260,571 units 521,142 units 2/21/2026 2/21/2023 $4,653,798 2023-2025 If absolute TSR is negative, payout is capped at 100%

PSU - ROIC

MetricWeightThreshold (50% payout)Target (100% payout)Maximum (200% payout)Vesting DateGrant DateGrant Date Fair ValueEvaluation PeriodAdditional Details
PSU - ROIC50% 130,286 units 260,571 units 521,142 units 2/21/2026 2/21/2023 $4,653,798 2023-2025 If absolute TSR is negative, payout for ROIC is capped at 100% (target)