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    Douglas T. Dietrich

    Chief Executive Officer at Minerals Technologies Inc
    Board
    Since December 2016
    Age
    55 years
    Tenure
    Joined MTX in August 2007 as Vice President, Corporate Development and Treasury, was promoted to Senior Vice President, Finance and Treasury, and Chief Financial Officer in January 2011, before being appointed Chief Executive Officer in December 2016.

    Also at Minerals Technologies Inc

    BA
    Brett Argirakis
    Group President, Engineered Solutions
    DM
    D.J. Monagle
    Group President, Consumer & Specialties
    ECA
    Erik C. Aldag
    Senior Vice President, Finance and Treasury, and Chief Financial Officer

    About

    Douglas T. Dietrich is a seasoned executive serving as both Chairman of the Board and Chief Executive Officer of MTX, noted for his extensive leadership and financial expertise. He is 55 years old as of FY 2024 and began his career at MTX in August 2007 as Vice President, Corporate Development and Treasury.

    He advanced within the company through prominent roles, being promoted to Senior Vice President, Finance and Treasury, and Chief Financial Officer in January 2011 before being appointed as CEO in December 2016. This progression underscores a strong record of leadership and operational excellence.

    Under his guidance, MTX has undertaken significant strategic initiatives and maintained a commitment to operational effectiveness. His professional journey reflects a breadth of experience in both finance and executive management, contributing to the company’s sustained growth and strategic direction.

    $MTX Performance Under Douglas T. Dietrich

    Past Roles

    OrganizationRoleDate RangeDetails
    Minerals Technologies Inc.Senior Vice President, Finance and Treasury, Chief Financial OfficerJanuary 2011 - December 2016 Ended role upon promotion to CEO
    Minerals Technologies Inc.Vice President, Corporate Development and TreasuryAugust 2007 - January 2011 Served until promotion
    Alcoa Inc.Global Rod and Bar Products PresidentN/A Held increasing leadership responsibilities
    Alcoa Inc.President, Alcoa Latin America ExtrusionsN/A Held increasing leadership responsibilities
    Alcoa Inc.Vice President, Alcoa Wheel Products – Automotive WheelsN/A Held increasing leadership responsibilities

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,050,000 AnnualRemained unchanged from 2023
    Stock Awards$2,205,029 Grant DateGrant-date value; realizable value: $2,518,664
    Option Awards$718,839 Grant DateGrant-date value; realizable value: $269,345
    Change in Pension Value and Non-Qualified Deferred Compensation($180,815) N/ADecrease in actuarial present value (Retirement Plan: ($50,808); Supplemental Retirement Plan: ($130,007))
    All Other Compensation$57,569 PeriodicIncludes perquisites ($5,000), 401(k) match ($13,800), Supplemental Savings Plan match ($38,769)

    Performance Compensation

    Data from  FY 2024

    Annual Incentive Bonus

    MetricTargetActualPayoutAdditional Details
    Operating Income % of Sales13.6% 14.9% 187.4% Improvement of 70 basis points vs 2023
    Working Capital Efficiency1.8% improvement Below Threshold 0% -
    Productivity Improvement4% 4.3% 115.0% -
    Personal Performance ObjectivesN/A128.4% 128.4% Includes strategic objectives, succession planning, EHS culture, sustainability, capital deployment, external communications, cybersecurity, and M&A

    Overall Bonus Details:

    • Weightings: Company Financial Targets: 70% (achieved 150.8% ), Personal Performance Objectives: 30% (achieved 128.4% ).
    • Compensation Levels: Threshold: $328,125 ; Target: $1,312,500 ; Maximum: $2,625,000.
    • Earned Amount: $1,891,008 via a performance factor of 144.1%.
    • Grant Date: January 23, 2024.
    • Grant Date Stock Price: $66.11.
    • Vesting: Not applicable (cash-based award).

    Long-Term Incentive Payout

    MetricValueAdditional Details
    Return on CapitalAchieved $38.10 resulting in a payout of $108.27 per unit (108.27% of target) Applies to Performance Units over the 2022-2024 period
    TSR Performance vs Russell 2000$18.33 -
    TSR Performance vs S&P MidCap 400$15.17 -
    TSR Performance vs Peer Company Index$36.67 -

    Overall LTIP Details:

    • Compensation Levels: Threshold: $328,125 ; Target: $1,312,500 ; Maximum: $2,625,000.
    • Grant Date: January 23, 2024.
    • Grant Date Fair Value (Performance Units): $1,745,625.
    • Vesting Schedule: Tied to the achievement of performance metrics over the 2022-2024 period.
    • Additional Note: The stock appreciated by 7% from December 31, 2023 to December 31, 2024, impacting the realizable compensation value.