Amir El Tabib
About Amir El Tabib
Amir El Tabib (age 39) is Chief Business Development Officer at Ibotta, Inc., responsible for strategic partnerships and growth initiatives. He joined Ibotta in February 2016 and has served as CBDO since December 2022; he holds dual BAs in Political Science and Business Administration from the University of Colorado Boulder and an MBA from the University of Chicago Booth School of Business . Company performance during 2024 included revenue of $367.3 million (+15% YoY), adjusted EBITDA of $112.2 million (+35% YoY, 31% margin), net income of $68.7 million (19% margin), and redeemers up ~78% YoY to 14.7 million; the company also expanded its publisher network (Family Dollar, AppCard, Schnucks, Instacart) and announced a DoorDash partnership in Jan 2025 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Ibotta | Account Executive, Retail Partnerships | Feb 2016 – Dec 2016 | — |
| Ibotta | Director, Retail Partnerships | Jan 2017 – Jul 2017 | — |
| Ibotta | Senior Director, Retail Partnerships | Jul 2017 – Jan 2020 | — |
| Ibotta | Vice President, Business Development | Jan 2020 – Dec 2020 | — |
| Ibotta | Senior Vice President, Business Development | Dec 2020 – Dec 2022 | — |
| Ibotta | Chief Business Development Officer | Dec 2022 – Present | — |
| Notes: Educational background—BAs (CU Boulder); MBA (Chicago Booth) . |
External Roles
No external directorships or outside roles for Mr. El Tabib are disclosed in the company’s executive officer biographies in the 2025 Proxy .
Company Performance Snapshot (context for pay-for-performance)
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Revenue ($USD) | $320.0M | $367.3M |
| Non-GAAP Revenue ($USD) | $306.5M | $367.3M |
| Adjusted EBITDA ($USD) | $82.8M | $112.2M |
| Net Income ($USD) | $38.1M | $68.7M |
| Net Income Margin | 12% | 19% |
| Adjusted EBITDA Margin | 26% | 31% |
| Additional 2024 highlights: Redeemers ~14.7M (+~78% YoY); publisher network expanded; DoorDash partnership announced Jan 2025 . |
Fixed Compensation
| Component | 2024 | Notes |
|---|---|---|
| Base Salary | Not disclosed | Mr. El Tabib is not a named executive officer (NEO); the Summary Compensation Table covers CEO, former CFO, CTO, and former CRO . |
| Target Bonus % | Not disclosed | Company’s 2024 bonus plan applied to “eligible employees, including our named executive officers”; Mr. El Tabib’s target was not specifically disclosed . |
| Actual Cash Bonus (2024) | Not disclosed | 2024 payouts approved at 97% of target for NEOs; no individual disclosure for Mr. El Tabib . |
Performance Compensation
Company 2024 Annual Bonus Plan (context)
| Metric | Weighting | Target | Actual | Payout | Vesting/Payment Terms |
|---|---|---|---|---|---|
| Adjusted EBITDA | 50% | Not disclosed | Not disclosed | 97% of target for NEOs | Cash bonus following year-end; Committee discretion to adjust |
| Revenue | 50% | Not disclosed | Not disclosed | 97% of target for NEOs | Cash bonus following year-end; Committee discretion to adjust |
| Notes: Plan covered “eligible employees, including our named executive officers.” Mr. El Tabib’s individual participation/payout is not disclosed . |
Equity awards: The proxy details 2024 RSU/PRSU grants and vesting terms for NEOs, but does not disclose any grant to Mr. El Tabib. Therefore, no individual equity grant data (RSU/option count, fair value, vesting) is available for him in the 2025 Proxy .
Equity Ownership & Alignment
| Topic | Detail |
|---|---|
| Beneficial Ownership | Mr. El Tabib is not listed in the Security Ownership table (covers directors and NEOs); individual ownership not disclosed . |
| Hedging/Pledging | Company policy prohibits short sales, hedging, and pledging of company stock; margin accounts are prohibited . |
| Section 16(a) Compliance | Company disclosed five late Form 4s for Mr. El Tabib in 2024 due to a broker notification technical issue . |
| Ownership Guidelines | No executive stock ownership guidelines are disclosed in the Proxy; director compensation policy is disclosed separately . |
Employment Terms
| Term | Disclosure |
|---|---|
| Employment Start (Company) | February 2016 (Account Executive, Retail Partnerships) |
| Current Role Start | December 2022 (Chief Business Development Officer) |
| Appointment/Term | Executive officers are appointed by, and serve at the discretion of, the Board . |
| Severance / Change-in-Control | Agreements disclosed for NEOs (CEO, former CFO, CTO, former CRO); no individual agreement disclosed for Mr. El Tabib . |
| Clawback | Compensation recovery policy applies to individuals designated as “officers” under SEC Rule 16a-1(f) for restatement-related excess incentive compensation (lookback generally 3 years from restatement date) . |
| Non-Compete/Non-Solicit | Not disclosed for Mr. El Tabib in 2025 Proxy. |
Additional Context and Governance Signals
- Controlled Company: Bryan Leach and affiliates hold majority voting power via Class B (20:1 votes); the board states it is not relying on the NYSE controlled-company exemptions, but retains the right to do so .
- Insider Trading Plans: Quarterly disclosures of 10b5-1 plans show activity by CEO and CPO in Q2’25; no mention of Mr. El Tabib . The company reported no director/officer adoptions or terminations of Rule 10b5-1 plans in Q3’25 .
Investment Implications
- Limited visibility into El Tabib’s pay-for-performance. As a non-NEO, base salary, target bonus, and equity grants are not disclosed, constraining assessment of his personal incentive alignment and retention hooks; however, the company-wide bonus design is tied 50/50 to revenue and Adjusted EBITDA, and the clawback/anti-hedging-pledging policies are shareholder-friendly safeguards .
- Process risk: five late Form 4s for El Tabib (technical broker issue) raise a monitoring/control flag on Section 16 reporting; while explained, repeated delays can be a governance negative if persistent .
- Company execution during his tenure as CBDO has coincided with meaningful growth and strategic distribution expansion (15% revenue growth in 2024; Adjusted EBITDA +35%; major publisher additions; DoorDash partnership), supporting the commercial backdrop for BD leadership even if individual attribution isn’t disclosed .
- Governance overlay: Ibotta’s controlled-company structure concentrates voting power with the founder. While the board says it is not currently using exemptions, this structure can limit external influence on compensation/governance should misalignment emerge .
Overall: El Tabib’s operational tenure and role significance are clear, but absence of individual compensation/ownership disclosure limits direct pay-risk assessment. Anti-hedging/pledging and a restatement clawback partially mitigate alignment risk; continued monitoring of Section 16 timeliness and any future disclosures (offer letters, grants, Form 4s) is advised .
Citations
- Executive background, age, role history:
- 2024 performance (revenue, net income, adj. EBITDA, margins, redeemers; publisher and partnership milestones):
- Bonus plan metrics and payout context (company-wide/NEOs):
- Equity awards disclosed for NEOs; absence for El Tabib:
- Insider trading policy (hedging/pledging):
- Section 16(a) late filings for El Tabib:
- Security ownership table scope (El Tabib not listed):
- Controlled company/governance status: