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Michael Olosky

President and CEO at Simpson Manufacturing Co.
Since January 1, 2023
Age
55 years
Tenure
Joined as COO in November 2020, promoted to President and COO in January 2022, and assumed the role of President and CEO on January 1, 2023.

Also at Simpson Manufacturing Co.

CP
Cassandra Payton
Executive Vice President, General Counsel
JL
Jennifer Lutz
Executive Vice President, Human Resources
JG
Jeremy Gilstrap
Executive Vice President, Innovation

About

Currently serving as President and CEO of Simpson Manufacturing Co., Inc. since January 1, 2023 , he has been at the helm of the company during a period of strategic transformation and growth.

He joined the company in November 2020 as Chief Operating Officer and swiftly advanced in his career. After his initial role, he served as President and Chief Operating Officer from January 2022 to December 2022, demonstrating his deep operational expertise and leadership capabilities.

Before his tenure at SSD, he built an impressive career spanning 22+ years at Henkel, where he held several leadership positions including Regional President for Henkel North America and Head of the Electronics and Industrial Division. His extensive international experience and commitment to innovation further reinforce his strong leadership in the industry.

$SSD Performance Under Michael Olosky

Past Roles

OrganizationRoleDate RangeDetails
Simpson Manufacturing Co., Inc. (SSD)President and Chief Operating OfficerJanuary 2022 to December 2022Held prior to becoming President and CEO
Simpson Manufacturing Co., Inc. (SSD)Chief Operating OfficerNovember 2020 to January 2022Held prior to becoming President and CEO
HenkelRegional President, Henkel North AmericaN/APart of a 22+ year tenure at Henkel with extensive international operations leadership
HenkelHead of the Electronics and Industrial DivisionN/AHeld during a 22+ year tenure that included over nine years of international operations

Fixed Compensation

Data from  FY 2023
Component NameAmount ($)Payment ScheduleAdditional Details
Base Salary800,000 AnnualFixed base salary
Profit Sharing Trust Contribution and Forfeitures33,000 AnnualPart of All Other Compensation
Health Savings Account (HSA) Contributions0 Annual-
Vehicle Allowance0 Annual-
Other Defined Contribution Plan Contributions0 Annual-

Performance Compensation

Data from  FY 2023

Non-Equity Incentive Plan Compensation

Metric / ComponentDetails
Performance MetricOperating Income
Threshold Operating Income$307,228,000
Target Operating Income$438,897,000
Maximum Operating Income$570,566,000
Actual Operating Income$536,608,000 (122.26% of target)
Threshold Payout$200,000
Target Payout$800,000
Maximum Payout$1,600,000
Actual Payout$1,483,432 (185.4% of target)
Payout ConditionsMinimum hurdle at 70% of target; evaluated quarterly and annually

Equity Incentive Plan Awards

Metric / ComponentDetails
Performance Metrics & WeightsRevenue Growth (50% weight); ROIC (50% weight)
Revenue Growth TargetsThreshold: (10.1%); Target: (8.0%); Maximum: (4.0%)
ROIC TargetsThreshold: 12.7%; Target: 17.8%; Maximum: 23.4%
Performance PeriodJanuary 1, 2023 to December 31, 2025
RSUs9,453 shares; Vest in three equal annual installments; Grant Date: January 24, 2023; Grant Date Fair Value: $99.13 per share; Total Value: $937,076
PSUsTarget: 17,552 shares (Grant Date Fair Value: $98.03 per share; Total Value: $1,720,623), Maximum: 35,104 shares; Vesting: Cliff at end of performance period