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    Leonard Livschitz

    Chief Executive Officer at Grid Dynamics Holdings Inc
    Board
    Since 2014
    Age
    58 years
    Education
    Holds a Master of Science degree in Systems and Control Engineering from Case Western Reserve University and a Master of Science in Mechanical Engineering from Kharkov State Polytechnic University.
    Tenure
    Served as a director at GDYN since 2006 and as Chief Executive Officer since 2014.

    Also at Grid Dynamics Holdings Inc

    AD
    Anil Doradla
    Chief Financial Officer
    YG
    Yury Gryzlov
    Chief Operating Officer

    About

    Leonard Livschitz has over 25 years of experience in the high-tech industry, holding two Master’s degrees—one in Systems and Control Engineering from Case Western Reserve University and another in Mechanical Engineering from Kharkov State Polytechnic University.

    He began his association with GDYN in 2006 as a director and assumed the role of Chief Executive Officer in 2014, overseeing the company's strategic digital transformation initiatives.

    His career includes leadership roles at prominent companies and entrepreneurial ventures, which underscore his long-standing commitment to innovation and growth in the technology sector.

    $GDYN Performance Under Leonard Livschitz

    Past Roles

    OrganizationRoleDate RangeDetails
    Luxera Co-founder, Director; President & Chief Executive Officer 2010 to 2014 LED solutions company
    Ledengin Vice President of Sales and Marketing N/AN/A
    Philips Lumileds Lighting Executive/Management Roles in Sales, Marketing, Business Development, and R&D N/AN/A
    Visteon Lighting Executive/Management Roles N/AN/A
    Ford Motor Company Executive/Management Roles N/AN/A

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$800,000AnnualFixed annual compensation, unchanged from 2022
    All Other Compensation$11,317AnnualAdditional remuneration; specific breakdown not provided

    Performance Compensation

    Data from  FY 2023

    Non-Equity Incentive Plan Compensation

    MetricQ1 2023Q2 2023Q3 2023Q4 2023
    Quarterly Revenue Actual ($M)80.1 (158% of target) 77.3 (109% of target) 77.4 (117% of target) 78.1 (127% of target)
    Non-GAAP EBITDA Actual (%)13.5% (158% of target) 15.5% (109% of target) 13.9% (117% of target) 13.7% (127% of target)
    Bonus Payout ($)316,000 218,000 234,000 254,000

    *Bonus target: 100% of base salary ($800,000); Total annual payout: $1,022,000. The plan is cash-based with quarterly evaluations (post-calendar quarter).

    Stock Awards

    MetricValueAdditional Details
    Revenue Growth Threshold$279,434,055 50% payout level
    Revenue Growth Target$332,216,044 100% payout
    Revenue Growth Maximum$388,102,855 300% payout
    Actual Revenue Growth$304,455,103, 70% vesting rate
    Contribution Margin Threshold12% 50% payout level
    Contribution Margin Target22% 100% payout
    Contribution Margin Maximum47% 300% payout
    Actual Contribution Margin38%, 270% vesting rate
    Combined Vesting Achievement170% of target PSUs
    Shares at Target333,250 PSUs
    Vested Shares566,524 PSUs Vested upon Board certification in February 2023
    Grant DateFebruary 21, 2023
    Grant Date Fair Value$3,989,003

    *Each performance metric is weighted equally at 50%. Vesting occurs upon Board certification. Revenue attributed to the acquisition of NextSphere Technologies Inc. is excluded from the revenue calculation.