Alejandro Quiroz
IDEX CORP /DE/About Alejandro Quiroz
Alejandro Quiroz Centeno is an independent director of IDEX Corporation (IEX) with 2.8 years of board tenure as of the March 26, 2025 proxy and age 55, bringing deep international manufacturing and operating leadership to the board . He became CEO of Beontag in January 2025, previously served as CEO Latin America for Prysmian Group (Sep 2021–Jun 2024), and earlier led Aptiv Latin America (Nov 2017–Aug 2021) with prior leadership roles at Tenneco, Edscha, Continental, and Whirlpool . He holds an MBA from the University of Michigan (Ross) and a BS in Mechanical Engineering from Universidad de las Américas-Puebla, with executive education at INSEAD (Singapore) and Hult Ashridge (UK); he is a member of the Latino Corporate Directors Association . The IDEX board has affirmatively determined he is independent under NYSE and company standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Prysmian Group | CEO Latin America | Sep 2021 – Jun 2024 | Led regional operations for energy/telecom cables; international operating expertise cited as rationale for board service . |
| Aptiv | President, Latin America | Nov 2017 – Aug 2021 | Led $5.5B automotive technology business in the region . |
| Tenneco; Edscha; Continental; Whirlpool | Various leadership positions | Earlier career (dates not specified) | Broad manufacturing leadership across auto and appliances . |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Beontag | Chief Executive Officer | Jan 2025 – present | Global self-adhesives and smart tags (RFID/NFC) manufacturer . |
| Latino Corporate Directors Association | Member | Not disclosed | Professional governance network membership . |
Board Governance
- Independence: The board concluded that Mr. Quiroz is independent; all standing committees were composed entirely of independent directors during 2024 .
- Committee assignments (current): Member, Compensation Committee (not chair) .
- Committee activity: Compensation Committee held six meetings in 2024; Quiroz served on the committee the full year; the committee engages F.W. Cook as an independent advisor with no identified conflicts .
- Attendance: During 2024, each director attended >75% of the aggregate board and applicable committee meetings; the board held eight meetings, and all directors attended the 2024 annual meeting .
- Leadership/structure: Non-Executive Chair role held by Katrina Helmkamp; independent directors meet in executive session at every regularly scheduled board meeting .
Committee Membership Snapshot
| Committee | Role | Chair |
|---|---|---|
| Compensation | Member | Chair: Carl R. Christenson . |
Fixed Compensation
2024 Director Compensation Program (structure)
| Item | 2024 Amount |
|---|---|
| Annual Cash Retainer | $95,000 |
| Committee Chair Retainer – Audit | $20,000 |
| Committee Chair Retainer – Compensation | $15,000 |
| Committee Chair Retainer – Nominating & Governance | $15,000 |
| Annual Equity Grant (100% RSUs) | $165,000 |
| Initial Election Equity Grant | Pro-rated annual grant (RSUs) |
2024 Non-Employee Director Compensation – Alejandro Quiroz
| Component | Amount (USD) |
|---|---|
| Fees Earned or Paid in Cash | $95,000 |
| Stock Awards (grant date fair value) | $165,000 |
| All Other Compensation (matching gifts) | $5,000 |
| Total | $265,000 |
Notes:
- Director equity is delivered entirely in RSUs; directors may elect to defer settlement; vesting terms include full vesting at the earlier of ~1 year or the next annual meeting (subject to service), with additional accelerants on death, disability, failure to be re-elected, change in control, or after six years’ continuous service for annual awards .
- Directors may defer cash fees under the Directors Deferred Compensation Plan; accounts are unfunded and track selected investment benchmarks, with no above-market or preferential earnings in 2024 .
Performance Compensation
| Instrument | Grant/Value | Shares/Terms | Vesting/Deferral |
|---|---|---|---|
| Annual Director RSU (2024) | $165,000 grant-date fair value | Number of RSUs not disclosed for Mr. Quiroz in proxy; outstanding RSUs shown below | Annual director RSUs vest at ~1 year/next annual meeting (subject to service) with accelerants; deferral election available . |
| Annual/Initial Director RSUs (historical) | 815 RSUs (Jun 15, 2022) | Initial/annual director grant | Quiroz elected to defer settlement of 815 RSUs . |
| Annual Director RSUs (2023) | 770 RSUs (May 25, 2023) | Annual director grant | Vests May 25, 2026; Quiroz elected to defer settlement . |
Notes:
- No performance-conditioned equity is disclosed for directors; equity is time-based RSUs to align with shareholders while maintaining independence (no operational performance targets for directors) .
Other Directorships & Interlocks
| Category | Disclosed Detail |
|---|---|
| Current public company directorships (outside IDEX) | None disclosed for Mr. Quiroz in the proxy; his biography lists executive roles but no other public company boards . |
| Committee interlocks or relationships requiring disclosure | The Compensation Committee (on which Quiroz serves) reported no member relationships requiring disclosure under Item 407(e)(4) of Regulation S-K; F.W. Cook engagement had no identified conflicts of interest . |
Expertise & Qualifications
- Global and operational expertise: Extensive leadership across manufacturing organizations in auto technology, cables/telecom, and smart tags; significant international experience .
- Education: MBA (Michigan Ross); BS Mechanical Engineering (UDLA-Puebla); executive education at INSEAD and Hult Ashridge .
- Board skill matrix: International/global manufacturing, M&A, customer-focused organic growth, and high financial literacy; age 55, Hispanic/Latino, nationality listed as Mexican in board matrix .
Equity Ownership
| Metric | Detail |
|---|---|
| Shares Beneficially Owned | 2,330 shares; less than 1% of class |
| Outstanding RSUs (incl. vested RSUs subject to deferred settlement) | 2,330 RSUs as of Dec 31, 2024 |
| Stock Ownership Guideline | Non-management directors must hold ≥5x annual retainer; directors may not sell until compliant |
| Compliance Status | As of record date, all non-management directors were either in compliance or subject to mandatory holding until compliant |
| Hedging/Pledging | Prohibited for directors under insider trading policy |
Governance Assessment
Key findings for investors:
- Independence and engagement: The board affirmed Mr. Quiroz’s independence; he served on the Compensation Committee throughout 2024, with the committee meeting six times, and the board reported strong attendance (each director >75%)—all supportive of effective oversight .
- Pay alignment and ownership: Director pay skews toward equity ($165k RSUs vs. $95k cash in 2024), with robust ownership guidelines (5x retainer) and deferral elections that can enhance long-term alignment; hedging and pledging are prohibited .
- Compensation oversight quality: The Compensation Committee (including Quiroz) uses an independent consultant (F.W. Cook) with no identified conflicts and affirmed a balanced risk profile for pay programs; Quiroz is a signatory to the Compensation Committee Report .
- Shareholder signals: Say-on-pay support exceeded 91% at the 2024 annual meeting, indicating broad investor support for compensation practices .
- Conflicts and related-party exposure: The Audit Committee administers the Related Person Transactions Policy; since Jan 1, 2024, there were no related person transactions requiring disclosure—reducing immediate conflict risk; all standing committees comprised independent directors .
Potential red flags: None disclosed specific to Mr. Quiroz—no attendance shortfalls, no related-party transactions, and no hedging/pledging permitted under policy . Continue to monitor for any commercial overlaps between Beontag and IDEX; the proxy indicates no related-person transactions requiring disclosure in 2024 and maintains an Audit Committee approval policy for any such matters .
Compensation Committee context:
- 2024 members (full year): Beck, Christenson, Quiroz, Satterthwaite, Gunter; six meetings; independent consultant (F.W. Cook) with no conflicts; committee responsible for board and executive compensation, CD&A oversight, and committee report .
Director compensation mix (2024):
- For Mr. Quiroz: cash $95k; equity RSUs $165k; matching gift $5k; total $265k—indicates equity-heavy mix that supports alignment with long-term shareholder value .
Attendance and board process:
- Board held 8 meetings in 2024; independent directors meet in executive session every regularly scheduled meeting; all directors attended the annual meeting .
Related governance policies:
- Clawback policies updated to Dodd-Frank requirements (broader recoupment also in place); insider trading policy prohibits hedging and pledging .
- No identified repricing authority; executive severance agreements have no excise tax gross-ups; annual say-on-pay vote conducted .
Overall, Mr. Quiroz brings relevant operating and international experience to the Compensation Committee with clear independence, strong attendance, equity-heavy director pay, and no disclosed conflicts—factors supportive of investor confidence in board effectiveness and alignment .