Patrick Kaltenbach

President and Chief Executive Officer at Mettler-Toledo International Inc

Since April 1, 2021

Age

61 years

Tenure

Joined Mettler-Toledo in January 2021 and was promoted to President and Chief Executive Officer on April 1, 2021.

Also at Mettler-Toledo International Inc

Christian Magloth

Head of Human Resources

Gerhard Keller

Head of Process Analytics

MdLG

Marc de La Guéronnière

Head of European and North American Market Organizations

About

Patrick Kaltenbach has established a robust career in leadership roles across several major companies. Beginning his journey at Hewlett-Packard and later at Agilent Technologies, he built extensive expertise in the life sciences and applied markets sectors.

Upon joining Mettler-Toledo in January 2021, he quickly advanced within the organization and assumed the role of President and Chief Executive Officer on April 1, 2021, demonstrating a strong commitment to operational excellence and strategic growth.

In his role at Mettler-Toledo, his leadership has been instrumental in achieving significant sales growth and implementing margin improvement initiatives, which highlight his capability to navigate complex market challenges and drive business performance.

While detailed personal background and educational history are not provided, his extensive career in prominent roles underscores a deep commitment to innovation and excellence in the industries he serves.

$MTD Performance Under Patrick Kaltenbach

Past Roles

Organization	Role	Date Range	Details
Becton Dickinson	President, Life Sciences Segment	2018-2021	Served until joining MTD
Agilent Technologies	President, Life Sciences and Applied Markets Group	2014-2018	Held a leading role during this period
Hewlett Packard / Agilent	Various Leadership Roles	1991-2014	Held multiple leadership positions since joining in 1991

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,001,001	Annual	Fixed base salary component for 2023.
Retirement Contribution	$207,723	Annual	Retirement contribution for 2023.
Swiss Insurance Contribution	$25,180	Annual	Swiss insurance contribution for 2023.
Allowances	$17,351	Annual	Allowances included for 2023.
Miscellaneous Benefits	$9,375	Annual	Miscellaneous benefits for 2023.
Tax Equalization Payments	$96,235	Annual	Tax equalization payments for 2023.

Performance Compensation

Data from FY 2023

Annual Cash Incentive (POBS Plus Incentive Plan)

Performance Metric	Threshold	Target	Maximum	Actual Performance	Notes
Adjusted Non-GAAP EPS	$42.99	$44.34	$48.39	$38.26
Net Cash Flow (in million $)	$1,069.3	$1,127.1	$1,300.5	$1,074.0
Group Sales (in million $)	$4,060.7	$4,144.4	$4,395.5	$3,834.4	Measured at budgeted currency rates
Incentive Payout (% of Base Salary)	N/A	50%	169.4%	N/A	Based on achievement levels

Performance Share Units (PSUs)

Grant Date: 11/09/2023
Grant Date Fair Value: $4,405,471
Grant Date Stock Price: $1,024.55 per share

Metric	Threshold	Target	Maximum	Notes
Units Earned	0 units	1,331 units	2,662 units	Based on relative TSR percentile (30th yields 0, 60th yields target, >=75th yields maximum) with 3-year cliff vesting

Performance Options

Grant Date: 11/09/2023
Grant Date Fair Value: $1,499,883
Grant Date Stock Price: $1,024.55 per share

Metric	Condition/Performance	Resulting Options	Notes
Options Earned	< 3% CAGR	0 options
	3% CAGR	50% of target
	4% CAGR (Target)	2,504 options	Target performance
	≥ 5% CAGR	3,756 options	Maximum performance with 4-year cliff vesting ending December 31, 2027

Restricted Stock Units (RSUs)

Grant Date: 11/09/2023
Grant Date Fair Value: $999,961
Units Granted: 976 units
Vesting Schedule: Vests in three equal annual installments starting on the first anniversary