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John E. Adent

President and CEO at NEOGEN
Since July 17, 2017
Age
56 years
Tenure
Joined NEOG on 07-17-2017 as Chief Executive Officer and was promoted to President on 09-22-2017.

Also at NEOGEN

AMR
Amy M. Rocklin
Chief Legal & Compliance Officer
DHN
David H. Naemura
CFO and COO

About

A seasoned executive aged 56, he has established a solid track record in leading companies in the food and animal safety industries, drawing on over 20 years of CEO experience to guide his strategic decisions.

Early in his career, he developed critical expertise at Ralston Purina Company by establishing animal feed manufacturing and sales operations in diverse regions, and later held key leadership roles at Animal Health International and the Animal Health Division of Patterson Animal Health, which honed his skills in international business and operational management.

At NEOG, his dynamic leadership and global perspective have been instrumental in shaping the company’s vision and operational excellence, reflecting his deep understanding of mergers and acquisitions and his commitment to fostering a culture of innovation and growth.

$NEOG Performance Under John E. Adent

Past Roles

OrganizationRoleDate RangeDetails
Patterson Animal Health CEO, Animal Health Division 2015 – July 1, 2017 Continued in the role after the sale of Animal Health International and resigned on July 1, 2017
Animal Health International, Inc. CEO and President 2004 – 2015 Served until the company was sold to Patterson Companies, Inc.
Ralston Purina Company Management roles, including development of animal feed operations in China & the Philippines, and later Managing Director of Hungarian operations N/A – 2004 Left following the business spin-off to Agribrands

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary$810,000Annual, effective January 1, 20248.0% increase from 2023 salary of $750,000 due to increased company complexity following the September 2022 acquisition
Group Term Life Insurance$13,275AnnualProvided in full for 2024

Performance Compensation

Data from  FY 2024

Annual Variable Cash Incentive Plan

Incentive ComponentTarget/ThresholdWeightingEvaluation PeriodActual Result/PayoutAdditional Details
Annual Variable Cash Incentive PlanTarget: $810,000; Maximum: $1,620,000; Threshold: Not statedCompany Revenue: 50%; Adjusted EBITDA: 30%; Free Cash Flow: 20%Fiscal Year 2024$405,000 (50% of target, adjusted from 56% actual performance due to negative discretion)Performance metrics based on revenue, EBITDA, and FCF with targets communicated at the fiscal year start

The plan required achieving key financial measures: Company Revenue, Adjusted EBITDA, and Free Cash Flow. The overall financial performance was initially 56% of target; however, the Compensation Committee adjusted the final Company Financial Factor to 50% for all Named Executive Officers, including John E. Adent.