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Leonard Livschitz

Chief Executive Officer at GRID DYNAMICS HOLDINGS
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

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.