Luca Savi

About Luca Savi

Luca Savi (age 59) is an independent director of MSA Safety Incorporated, serving on the Board since 2021. He is the Chief Executive Officer and President of ITT Inc., bringing deep experience in industrial manufacturing, strategy development, growth and innovation, and international operations. At MSA, he serves as Chair of the Compensation and Talent Management Committee. His current MSA board term runs through 2027.

Past Roles

External Roles

Board Governance

• Independence: The Board determined Savi is independent under NYSE and MSA standards.
• Committee leadership: Chair, Compensation & Talent Management Committee (CTMC); the CTMC met 3 times in 2024.
• Other committees: Not listed as member of Audit, Nominating & Corporate Governance (NCGC), or Law Committees in 2024.
• Board and committee independence structure: All four standing committees are fully independent; the Board also maintains a Lead Independent Director who chairs regular executive sessions.
• Attendance: In 2024, the Board met six times; all directors attended at least 75% of Board and committee meetings.
• Board service limits: Policy caps non-management directors at a total of three public company boards (including MSA).
• Say-on-Pay support: 2024 support was 97.2% in favor; at the May 13, 2025 meeting, votes were 33,750,034 For / 978,621 Against / 35,055 Abstain (broker non-votes 2,893,839).

Fixed Compensation

Notes: Savi elected to defer his 2024 director equity award into RSUs under the Deferred Compensation Program for Non-Employee Directors.

Performance Compensation

• MSA does not use performance-based pay for directors; annual director equity is time-based restricted stock (or deferred RSUs) that vests after one year. No director performance metrics apply.

Other Directorships & Interlocks

MSA disclosure: “There are no interlocking relationships” involving members of the Compensation & Talent Management Committee.

Expertise & Qualifications

• CEO of a publicly traded industrial company with global manufacturing footprint and operations expertise; skills in strategy, growth, and innovation.
• Governance leadership as CTMC Chair at MSA; CTMC oversees CEO goals and pay, executive compensation, talent strategy, and consultant independence.
• The Board’s governance framework emphasizes independent oversight, annual assessments, and robust lead director responsibilities.

Equity Ownership

Note: The proxy does not disclose any pledging by Savi; and company policy prohibits pledging.

Governance Assessment

• Strengths

  • Independent director and CTMC Chair with current public-company CEO experience, directly relevant to talent and pay oversight; committee confirmed independent and free of interlocks in 2024.
  • High shareholder support on Say-on-Pay (97.2% in 2024; strong 2025 vote counts), indicating investor confidence in compensation governance.
  • Director ownership aligned: all non-employee directors meet the 5x retainer guideline; Savi uses RSU deferrals permissible under policy.
  • Robust governance architecture (independent committees, lead director-led executive sessions, annual evaluations).

• Watch items

  • Optics risk: As CEO of ITT, and Chair of MSA’s CTMC, while ITT appears in MSA’s compensation benchmarking peer group, investors may scrutinize benchmarking neutrality—even absent a formal interlock. Mitigants include independence determinations, use of an independent consultant (Pay Governance), and strong Say-on-Pay results.
  • Beneficial ownership table shows 0 common shares for Savi due to deferral mechanics; however, RSUs counted toward ownership guidelines and policy prohibits pledging/hedging. Investors often prefer outright share ownership; continued accumulation through annual grants/deferrals partially addresses this.

• RED FLAGS

  • None identified regarding related-party transactions, attendance, or compensation committee interlocks.