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    Vijay Manthripragada

    President, CEO, and Board Member at Montrose Environmental Group Inc
    Board
    Since February 17, 2016
    Age
    48 years
    Education
    Holds a Master of Business Administration from The Wharton School, University of Pennsylvania and a Bachelor of Science in Biology from Duke University.
    Tenure
    Joined MEG as President in September 2015, was promoted to Chief Executive Officer on February 17, 2016, and became a Board Member in June 2016.

    Also at Montrose Environmental Group Inc

    AD
    Allan Dicks
    Chief Financial Officer (CFO)
    JMR
    Jose M. Revuelta
    Chief Strategy Officer
    NA
    Nasym Afsari
    General Counsel and Secretary

    About

    The executive has a diverse background, beginning with an impressive academic foundation that combines expertise in business administration and science. This blend of skills has positioned him well for a dynamic career where he has navigated roles in finance, e-commerce, and environmental solutions.

    He embarked on his journey with the company in September 2015 as President, quickly demonstrating leadership qualities that led to his promotion to CEO on February 17, 2016, and his subsequent appointment as a Board Member in June 2016. This progression highlights a continuous commitment to strategic management and operational excellence while steering the company towards innovative environmental initiatives.

    With prior experience at renowned institutions such as Goldman Sachs and as CEO of PetCareRx, Inc., he has developed a reputation for financial sophistication and forward-thinking leadership. His role at the company has also been marked by initiatives that enhance sustainability and community development, underscoring a career dedicated to both business growth and environmental stewardship.

    $MEG Performance Under Vijay Manthripragada

    Past Roles

    Organization Role Date Range Details
    PetCareRx, Inc. Chief Executive Officer 2013 to 2015 E-commerce company
    Goldman Sachs Various positions 2006 to 2013 Worked in multiple roles at a global investment banking and financial services firm

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$775,000 Fiscal Year 2023 (Annual) No change from previous year
    401(k) Match$13,200 Fiscal Year 2023 (Annual) Fixed contribution provided by the company

    Performance Compensation

    Data from  FY 2023

    Organic Growth Bonus (Cash)

    Metric (Unit)Value
    Performance MetricAdjusted EBITDA
    Threshold$66,138
    Target$462,500
    Maximum (Cap)$925,000
    Payout AdjustmentBonus amount altered by 14.3% for every 1% deviation from target
    Evaluation PeriodFiscal Year 2023
    Vesting SchedulePaid in cash following fiscal year close
    Actual Payout$925,000 (maximum payout reached as performance >107% of pre-acquisition adjusted EBITDA threshold)

    Acquisition Based Bonus (Cash)

    Metric (Unit)Value
    Performance Metric% of Acquired Adjusted EBITDA
    Bonus Eligibility2.5% of acquired adjusted EBITDA
    Acquired Adjusted EBITDA (Actual)$8.34 million
    Actual Bonus Earned$208,457
    Maximum EBITDA Cap for Bonus Calculation$25.0 million
    Evaluation PeriodJanuary 1, 2023 to December 31, 2023
    Vesting ScheduleNone; bonus paid in cash at fiscal year end
    Additional DetailsIncentivizes execution of strategic acquisitions; bonus tied to the acquired businesses' contribution to EBITDA without any equity component