Terrence R. Curtin
Chief Executive Officer at TTE Connectivity PLC
Board
Since March 2017
Age
56 years
Education
Holds a Bachelor's degree in Accounting from Albright College.
Tenure
Joined TE Connectivity in 2001 as Vice President and Corporate Controller, later serving as Executive Vice President and CFO (October 2006 – July 2012), then as Executive Vice President and President, Industrial Solutions (August 2012 – March 2015), followed by a term as President (March 2015 – March 2017) before becoming Chief Executive Officer in March 2017.
Also at TE Connectivity PLC
AKS
Aaron K. Stucki
President, Transportation Solutions
HAM
Heath A. Mitts
Executive Vice President and CFO
JSJJ
John S. Jenkins, Jr.
Executive Vice President and General Counsel
About
Terrence R. Curtin is a seasoned executive with extensive experience at TE Connectivity, having worked his way up through key leadership roles that shaped the company's strategic and operational direction.
Beginning his career as Vice President and Corporate Controller at Tyco Electronics in 2001, he built a strong foundation in financial management and operational oversight, which paved the way for his subsequent roles in the organization.
Throughout his career, he has demonstrated a commitment to driving growth and innovation, serving in critical positions such as Chief Financial Officer and President of Industrial Solutions before assuming the role of Chief Executive Officer in March 2017.
Beyond his core responsibilities at TE Connectivity, his involvement on corporate boards and in international business councils highlights his broader influence in the industry and dedication to sustainable business practices.
$TEL Performance Under Terrence R. Curtin
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| TE Connectivity | President of TE Connectivity | Mar 2015 - Mar 2017 | Responsible for connectivity and sensor businesses, and mergers and acquisitions activities |
| TE Connectivity | Executive Vice President and President, Industrial Solutions | Aug 2012 - Mar 2015 | Oversaw operations and strategic direction of Industrial, Energy, Aerospace, Defense, Oil and Gas businesses |
| TE Connectivity | Executive Vice President and Chief Financial Officer | Oct 2006 - Jul 2012 | Developed and implemented financial strategy and created financial infrastructure for the company |
| Tyco Electronics | Vice President and Corporate Controller | 2001 - 2006 | Served prior to TE Connectivity's separation from Tyco International |
| Arthur Andersen LLP | Employee | N/A | Worked at Arthur Andersen LLP before joining TE Connectivity |
External Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| DuPont de Nemours Inc. | Active Public Company Directorship | N/A | Current active position outside TEL |
Fixed Compensation
Data from FY 2024
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $1,250,040 | Annual | Fixed annual salary |
| Consideration for Restrictive Covenants | $3,250,104 | Annual | Payment tied to post-termination restrictive covenants |
| Health and Welfare Benefits Continuation | $16,180 | Annual | Continuation of health and welfare benefits |
| All Other Compensation | $309,719 | Annual | Includes Perquisites ($76,332 ) and Company Match to Defined Contribution Plans ($233,387 ) |
Performance Compensation
Data from FY 2024
Annual Incentive Plan (Cash-Based)
| Performance Metric | Weighting | Threshold | Target | Maximum | Additional Details |
|---|---|---|---|---|---|
| Earnings Per Share (EPS) | 20% | 90% of target | 100% | 110% | 1H-FY: $3.50–$3.75, 2H-FY: $3.52–$3.82; Actuals: 1H: $3.67 (104.9%), 2H: $3.82 (108.6%) |
| Revenue | 30% | 95% of target | 100% | 105% | 1H-FY: $7,750M–$8,010M, 2H-FY: $7,920M–$8,150M; Actuals: 1H: $7,688M (99.2%), 2H: $8,051M (101.7%) |
| Operating Income | 30% | 90% of target | 100% | 110% | 1H-FY: $1,330M–$1,455M, 2H-FY: $1,345M–$1,470M; Actuals: 1H: $1,453M (109.2%), 2H: $1,508M (112.1%) |
| KPIs | 20% | Varies | Varies | Varies | Corporate-level KPI achievement: 147.1% |
- Payout Details:
- Threshold payout is 50% of target, target payout is 100%, and maximum payout is 200%.
- Evaluation Period: Fiscal 2024 with performance intervals in 1H and 2H.
- Actual Results: Overall scores—EPS: 100.6%, Revenue: 94.9%, Operating Income: 111.5%.
- Payout Cap: Aggregate total award payout cannot exceed 200% of the target.
Performance Stock Units (PSUs)
| Metric | Value | Unit/Details |
|---|---|---|
| Performance Measure | Three-Year Average Relative EPS Growth | Compared to S&P 500 Non-Financial Index |
| Threshold Payout | 50% | 25th percentile |
| Target Payout | 100% | 50th percentile |
| Maximum Payout | 200% | 75th percentile |
| Grant Date | November 15, 2023 | N/A |
| Grant Date Fair Value | $6,502,850 | At target performance |
| Grant Date Stock Price | $131.77 per share | N/A |
| Number of PSUs Granted | Threshold: 24,675; Target: 49,350; Maximum: 98,700 | Units |
| Vesting Schedule | Cliff vesting upon MDCC certification | Vests at performance period end (3 years: 2024–2026) |
| Additional Details | Dividend Equivalent Units vest proportionately | Aligns long-term shareholder value |
Additional Notes
- Adjustments: Non-GAAP adjustments are applied to exclude acquisition, restructuring, and one-time items.
- Overall Philosophy: Both cash and share-based incentives align management incentives with sustainable operational performance and shareholder value creation.