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Vijay Manthripragada

President, CEO, and Board Member at Montrose Environmental Group
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

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