Sign in

Sundaram Nagarajan

President and Chief Executive Officer at NORDSON
Since August 1, 2019
Age
62 years
Tenure
Joined NDSN on August 1, 2019, and has served as President and Chief Executive Officer while also being a member of the Board of Directors since that date.

Also at NORDSON

DRH
Daniel R. Hopgood
Executive Vice President and Chief Financial Officer
JED
James E. DeVries
Executive Vice President
JLM
Jennifer L. McDonough
Executive Vice President, General Counsel, and Secretary

About

Sundaram Nagarajan is the President and Chief Executive Officer at Nordson Corporation, serving in this role since August 1, 2019. His leadership at the company has been marked by strategic decision-making and overseeing comprehensive initiatives that underscore his commitment to driving the firm’s success.

Before his tenure at Nordson, he held significant roles at Illinois Tool Works Inc., where he was the Executive Vice President for both the Automotive OEM and Welding segments, showcasing his expertise in managing complex operational strategies. His extensive board memberships, including with Wesco International and Sonoco Products Company, further highlight his well-rounded background in corporate governance.

At age 62 as of October 31, 2024, he brings a wealth of experience and a robust track record in industrial leadership to his role at Nordson. His career reflects a deep commitment to excellence and innovation, reinforcing his standing as a respected leader in the manufacturing and industrial sectors.

$NDSN Performance Under Sundaram Nagarajan

Past Roles

OrganizationRoleDate RangeDetails
Sonoco Products Company Board of Directors Member 2015 - 2022 Served on the board until 2022
Illinois Tool Works Inc. Executive Vice President, ITW Automotive OEM Segment 2015 - 2019 Oversaw the Automotive OEM segment
Illinois Tool Works Inc. Executive Vice President, ITW Welding Segment 2010 - 2015 Managed the Welding segment

External Roles

OrganizationRoleDate RangeDetails
Wesco International, Inc. Director Current Serves on the audit committee

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,010,000 AnnualFixed base salary for 2024
Company Contributions to Tax-Qualified and Non-Qualified Plans$79,965 AnnualContributions made to both tax-qualified and non-qualified plans
Perquisites$13,956 AnnualIncludes Financial Planning: $5,000, Business and Airline Club Dues: $6,451, Executive Physicals: $2,505
Company Match of Charitable Contributions$18,000 AnnualFixed company match contribution for charitable donations

Performance Compensation

Data from  FY 2024

Annual Cash Incentive Award (Cash-Based)

Metric CategoryBusiness SegmentWeight (%)Threshold AmountTarget AmountMaximum AmountAdditional Details
Organic RevenueCorporate40$2,390 million $2,655 million $2,921 million Revenue performance measured annually
IPS40$1,167 million $1,297 million $1,427 million
MFS40$618 million $687 million $755 million
ATS40$610 million $678 million $746 million
Base Business Operating ProfitCorporate60$592 million $697 million $801 million Operating profit performance measured annually
IPS60$396 million $465 million $535 million
MFS60$174 million $205 million $235 million
ATS60$111 million $131 million $150 million
  • Payout Opportunity: Target payout is 120% of base salary, amounting to $1,212,000.
  • Vesting & Evaluation: Award paid out after fiscal year-end based on annual performance.
  • Notes: No specific grant date as the award is cash-based.

2024-2026 Performance Share Unit (PSU) Award (Equity-Based)

Performance MeasureWeight (%)ThresholdTargetMaximumAdditional Details
EPS Growth40N/A 7% 14% Measured annually; overall performance averaged over 3 years
ROIC309% 13% 17% Return on invested capital assessment
EBITDA Margin3026% 30% 34% EBITDA margin performance indicator
  • Grant Details:
    • Grant Date: December 1, 2023.
    • Grant Date Fair Value: $2,979,948.
    • Grant Date Stock Price: $238.80 per share.
  • Payout Shares:
Performance LevelNumber of Shares
Threshold3,245
Target12,980
Maximum25,960
  • Vesting & Evaluation:
    • Vesting occurs based on achievement of the three-year performance metrics (2024–2026) with the target earned date on October 31, 2026.
    • Performance is assessed on an annual basis with overall attainment determined as the average performance over the 3-year period.

Additional Performance-Based Equity Awards

  • Stock Options (2024):

    • Grant Date: December 1, 2023.
    • Grant Date Fair Value: $1,740,010.
    • Exercise Price: $238.80 per share.
    • Vesting: 25% vest annually over four years; forfeiture of unvested options upon voluntary termination.
    • Expiration: 10 years from the grant date (December 1, 2033).
    • Note: Not tied to specific performance metrics; value depends on stock price appreciation.

  • Restricted Share Units (RSUs, 2024):

    • Grant Date: December 1, 2023.
    • Grant Date Fair Value: $1,239,850.
    • Number of RSUs: 5,192 units.
    • Vesting: Over a three-year period; dividends accrue on underlying shares.
    • Note: Service-based awards not tied to performance metrics.