Sign in

    Mike Rosenbaum

    Chief Executive Officer at Guidewire Software Inc
    Since August 2019
    Age
    53 years
    Education
    Holds a B.S. in Systems Engineering from the United States Naval Academy and an M.B.A. from the Haas School of Business at the University of California, Berkeley.
    Tenure
    Joined GWRE as Chief Executive Officer and a Board member in August 2019, having previously held key leadership roles at Salesforce and Siebel Systems.

    Also at Guidewire Software Inc

    JC
    Jeff Cooper
    Chief Financial Officer
    JM
    John Mullen
    President
    WK
    Winston King
    Chief Administrative Officer, General Counsel, and Secretary

    About

    Mike Rosenbaum has built an impressive career trajectory that spans various sectors of the technology and software industry. Early in his career he served as a submarine officer in the U.S. Navy from 1994 to 1999 before transitioning into technology and marketing roles at Siebel Systems from 2002 to 2005. His career continued to evolve at Salesforce, where he joined in 2005 and advanced through multiple senior leadership roles, including Executive Vice President of Product. During his time there from January 2016 to July 2019, he played a key role in shaping product strategy, vision, and overall customer success initiatives.

    In August 2019, he took the helm at GWRE as Chief Executive Officer while also joining the Board of Directors, leveraging his extensive background in enterprise software and product innovation to lead the company's growth strategies. His leadership is marked by a clear focus on driving product advancements and market adoption, drawing on the deep industry insights he accumulated over the years.

    Beyond his executive roles, his professional journey is distinguished by a commitment to excellence and a forward-thinking approach that has contributed to many notable product innovations. His diverse experiences from the Navy, through pioneering roles at major technology companies, to leading GWRE have established him as a visionary in the enterprise software landscape.

    $GWRE Performance Under Mike Rosenbaum

    Past Roles

    OrganizationRoleDate RangeDetails
    Salesforce.com, Inc. Executive Vice President of Product January 2016 - July 2019 Led vision, strategy, product management, customer success, and adoption; held various leadership roles since joining in 2005
    Siebel Systems Various Technology and Marketing Roles 2002 - 2005 Held various technology and marketing roles
    U.S. Navy Submarine Officer 1994 - 1999 Served as a submarine officer

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary $750,000AnnualReviewed and approved by the Compensation Committee; no adjustment necessary
    All Other Compensation $5,881AnnualIncludes 401(k) Matching Contributions: $5,000 and Life Insurance Premiums: $881

    Performance Compensation

    Data from  FY 2024

    Annual Bonus Opportunity

    MetricWeightingThresholdTargetMaximumActual Performance
    ARR48%$819M$859M$899M$872M
    Adjusted Non-GAAP Operating Income (Loss)32%(100M)(70M)(40M)(34M)
    Strategic Scorecard20%50%100%150%90%
    • Threshold Bonus: $375,000
    • Target Bonus: $750,000
    • Maximum Bonus: $1,125,000
    • Actual Bonus Awarded: $915,000 based on a Company Performance Factor of 122%
    • This cash bonus is based entirely on corporate performance metrics for fiscal year 2024 and does not involve vesting.

    Performance-Vesting RSUs

    MetricWeightingThresholdTargetMaximumActual Performance
    ARR60%$819M$859M$899M$872M
    Adjusted Non-GAAP Operating Income (Loss)40%(100M)(70M)(40M)(34M)
    • Grant Date: September 13, 2023
    • Grant Date Fair Value: $4,797,279
    • Target Number of RSUs: 52,150
    • Threshold (50% of Target): 26,075 RSUs
    • Maximum (150% of Target): 130,375 RSUs
    • Vesting Conditions: 100% vesting upon satisfaction of a three-year time condition and achievement of the performance metrics. Vesting occurs on September 15, 2026, subject to continued employment.
    • Performance Factor Achievement:
      • ARR achieved at 116.5% of target
      • Adjusted Non-GAAP Operating Income achieved at 150% of target
      • Combined weighted performance factor: 129.9%

    These performance compensation components for fiscal year 2024 align executive incentives with corporate performance and long-term value creation.