Mark Skonieczny
Also at REV Group Inc
About
Mark Skonieczny began his career as a certified public accountant with Coopers & Lybrand in 1991 and developed his expertise through various finance roles at Johnson Controls Inc. from 1999 to 2016. His experience during this time laid a strong foundation in financial management and operational oversight.
He further honed his leadership skills at Adient PLC where, from 2016 through 2019, he served as Vice President and Corporate Controller and managed global financial responsibilities for the seating business. This role showcased his ability to manage complex financial operations and contribute to corporate strategic objectives.
After joining REV Group, Inc. as Chief Financial Officer in June 2020, he swiftly advanced within the organization. Serving as Interim CEO from January to May 2023 and then taking on the role of President and Chief Executive Officer in May 2023, his progression reflects his significant contributions to the company’s financial strategy and leadership.
$REVG Performance Under Mark Skonieczny
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| REV Group, Inc. | Chief Financial Officer (CFO) | June 2020 - April 2024 | Served as CFO prior to his appointment as President and CEO |
| REV Group, Inc. | Interim Chief Executive Officer (CEO) | January 2023 - May 2023 | Served as Interim CEO before permanent appointment as President and CEO |
| Adient PLC | Vice President and Corporate Controller | 2016 - 2019 | Also served as Vice President of Finance for the Global Seating Business |
| Johnson Controls Inc. | Vice President of Corporate Development; Vice President of Finance – Power Solutions Business; Vice President of Finance – Building Efficiency | 1999 - 2016 | Held multiple executive roles during his tenure |
| Coopers & Lybrand | Certified Public Accountant | 1991 | Start of career in accounting |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $900,000 | Annually | Fixed salary for fiscal year 2024 |
| Company Matching Contributions | $13,800 | Annually | 401(k) matching contributions for fiscal year 2024 |
Performance Compensation
Annual Cash Incentive Program (MIP)
| Metric [Unit/Scale] | Target / Threshold | 2024 Actual / Payout Factor | Additional Details |
|---|---|---|---|
| Adjusted EBITDA [USD millions] | $155 million (Target) | Achieved 105% of target | Minimum 90% required for any incentive payout |
| Average NWC as % of Sales [%] | 10.9% (Target) | Achieved 95% of target | Minimum 75% required for any incentive payout |
| Incentive Target (as % of Base Salary) | 120% | $1,080,000 | Derived from base salary $900,000 |
| Final Payout Factor | N/A | 115% discretionary adjustment | Leads to a final payout of $1,242,000 |
| Maximum Payout | 200% of incentive target | $2,160,000 (if >20% over targets) | Cap on incentive payout |
Long-Term Incentive Plan (LTIP)
- Award Amount: 100% of base salary
- Grant Date: December 8, 2023
- Grant Date Fair Value: $2,842,611
- Vesting Schedule: 25% per year over four years
- Performance Metrics: No specific performance metrics provided
Restricted Stock Awards (Equity Awards)
- Grant Date: December 8, 2023
- Number of Shares Granted: 173,860 shares
- Grant Date Fair Value: $2,842,611
- Vesting Schedule: Four equal installments on December 31, 2024, 2025, 2026, and 2027
- Performance Metrics: Vesting is based on time rather than performance conditions