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Peter Chapman

President & CEO at IonQ
Since September 2021
Age
63 years
Tenure
Has served on IONQ's board and as President & CEO since joining in May 2019, transitioning to the full CEO role in September 2021 following a business combination.

Also at IonQ

JK
Jungsang Kim
Scientific Advisor
RA
Rima Alameddine
Chief Revenue Officer (CRO)
TK
Thomas Kramer
CFO

About

Peter Chapman has built an extensive career in the technology industry, holding leadership roles that span across major companies. He has contributed significantly as a former President at Media Arc, Inc. and as a Director of Engineering for Amazon Prime at Amazon, Inc., showcasing his proficiency in managing complex operations and guiding innovative projects.

At IONQ, his strategic vision helped steer the company through key transformative phases. Joining initially as a board member and executive in May 2019, he later assumed the full responsibilities as President & CEO in September 2021 following a pivotal business combination, demonstrating adaptability and forward-thinking leadership.

Throughout his career, his proven track record underlines his commitment to driving progress in the quantum computing landscape. His blend of technical expertise and executive acumen has positioned him as a prominent leader in the industry, inspiring confidence among stakeholders and setting a robust foundation for ongoing innovation.

$IONQ Performance Under Peter Chapman

Past Roles

OrganizationRoleDate RangeDetails
IonQPresident & Chief Executive OfficerMay 2019 - September 2021Legacy IonQ role; continued after business combination
IonQBoard of DirectorsMay 2019 - September 2021Served as board member
Amazon.com, Inc.Director of Engineering for Amazon PrimeSeptember 2014 - May 2019N/A
Media Arc, Inc.PresidentPrior to September 2014Specific dates not provided

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
2024 Chapman Bonus$10,000,000 On or before December 31, 2024 Subject to continued employment
Salary IncreaseIncreased from $505,000 to $700,000 Effective for 2024 (annual salary update) ---

Performance Compensation

Data from  FY 2024

Performance Stock Unit (PSU) Grant Details

Metric (Unit/Scale)ValueAdditional Details
Grant DateDecember 16, 2024 ---
Grant Date Fair Value (USD/share)$18.41 Weighted-average fair value; specific grant fair value for Peter Chapman not provided
Grant Date Stock Price (USD/share)N/A Specific stock price on grant date not provided
Performance PeriodUntil December 31, 2026 (or December 31, 2025 if accelerated)Dependent on achievement of performance metrics; acceleration possible if maximum goals met
Performance MetricsTechnical (50%) & Financial (50%) Each contributes 50% towards target opportunity
Achievement Range0% to 300% Maximum cap at 300% performance equating to 358,764 shares
Stock Price HurdlePredefined share price threshold 60-trading day average must meet threshold; if not, cap performance at 100%
Vesting ScheduleAt conclusion of Performance Period Vesting contingent on continuous service through the performance period; no interim vesting
Additional ConditionsNone providedNo additional cash or equity incentives prior to 2027

No details provided on actual performance results leading to payouts.