Claudio Coni

About Claudio Coni

Chief Information Officer of Mohawk Industries since July 2023; age 57. Previously CIO of Ceramic Europe (Marazzi Group) from 2016–2023 and held multiple IT and digital transformation roles at Max Mara Fashion Group from 1990–2016 . Company performance context: FY2024 net sales $10.8B, adjusted EBITDA ~$1.4B, free cash flow ~$680M, and adjusted EPS 9.70; 3‑year TSR used in LTIP measured at the 10th percentile vs S&P 500 for the period ending 2023 .

Past Roles

Organization	Role	Years	Strategic Impact
Mohawk Industries	Chief Information Officer	2023–present	Oversees enterprise IT; prior focus on ERP/digital deployment across global operations
Marazzi Group (Ceramic Europe)	Chief Information Officer	2016–2023	Led IT for Ceramic Europe; enterprise ERP/digital initiatives supporting manufacturing and distribution
Max Mara Fashion Group	Various IT and digital roles	1990–2016	Deployed ERP, digital, and retail solutions worldwide

External Roles

No public company directorships or external board roles disclosed for Coni in the 2025 proxy. The executive officer biography lists Mohawk/Marazzi/Max Mara roles only .

Fixed Compensation

Not individually disclosed for Coni (not a named executive officer in the proxy). Company framework for executives:

Base salary is reviewed annually; pay mix places a significant portion at risk via annual incentive and RSU awards for NEOs .
Compensation Committee targets the 50th percentile of a defined peer group; uses Aon as independent consultant (no conflicts noted) .

Performance Compensation

Company incentive design (context; Coni’s specific participation not disclosed):

Metric	Threshold	Target	Maximum	FY2024 Actual/Outcome	Vesting
Company Adjusted EPS (SEAIP)	7.14	9.23	10.61	9.70	n/a (cash bonus plan)
TSR vs S&P 500 (LTIP 3‑yr ending 2023)	25th percentile (50% of target value)	50th percentile (100%)	75th percentile (200%)	10th percentile (no TSR‑based RSUs)	RSUs vest ratably over 3 years
Business Unit Performance (LTIP 2023 basis)	See thresholds by role	See targets by role	See maxima by role	Achieved: Company EPS 9.19; Ceramic Europe OI 46; FNA EPS 1.30	RSUs vest ratably over 3 years

Notes:

SEAIP metrics and outcomes are set by the Compensation Committee; payout levels for NEOs were disclosed, but Coni’s plan participation/payouts are not disclosed .
RSU awards under the Senior Executive LTIP (for participants) vest in three equal annual tranches following grant date .

Equity Ownership & Alignment

Policy/Item	Detail
Stock ownership guidelines (multiples of base salary)	CEO 6x; COO 3x; CFO and segment leaders 2x; other Senior Executive LTIP participants 1x
Holding requirement	Retain at least 50% of net shares from LTIP awards until guideline met (after-tax)
Compliance status	As of April 1, 2025, all directors and executive officers have met their stock ownership requirements
Hedging/derivatives	Directors and officers prohibited from short sales, short sales against the box, and buying/selling puts/calls on company stock
Pledging	No pledging policy disclosure located in the proxy; no pledging by Coni disclosed
Beneficial ownership (Coni)	Not listed in principal stockholders table; shares for Coni not disclosed in proxy

Employment Terms

Provision	Terms
Employment status	NEOs (other than Vandini) are at‑will; Coni is an executive officer but not an NEO—no individual contract terms disclosed for him
Severance	General employee severance plan provides weeks of pay based on service and termination reason (applies to named executive officers; Coni’s specific terms not disclosed)
Change-in-control (2017 Plan)	If awards are not assumed at change-in-control: unvested options/RSUs vest. If assumed: unvested options/RSUs vest on termination without cause or resignation for good reason within 1 year (double trigger)
Clawback	Adopted Oct 2, 2023 to comply with NYSE/SEC; applies to executive officers for incentive-based compensation in case of required restatement
Insider trading policy	Company policy filed with 2024 10‑K; governs insider transactions and compliance

Compensation Committee Analysis

Committee members: Runge (Chair), Bogart, Burris, Onorato; independent under NYSE and company guidelines .
Peer group used for benchmarking: Builders FirstSource, Carrier, Eastman Chemical, Fortune Brands, JELD‑WEN, Leggett & Platt, Masco, Newell, Owens Corning, PPG, RPM, Sherwin‑Williams, Stanley Black & Decker, Trane, Whirlpool .
Say‑on‑pay support: 2024 approval >89% and 12‑year average 95.3% .

Performance & Track Record

Metric	FY2023	FY2024
Worldwide Sales ($B)	—	$10.8
Adjusted EBITDA ($B)	—	$1.4
Free Cash Flow ($M)	—	$680
Adjusted EPS ($)	9.19	9.70
3‑yr TSR percentile (to 2023)	10th percentile (no TSR RSUs)	—