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Liam J. Kelly

Chairman, President, and Chief Executive Officer at TELEFLEX
Board
Since January 2018
Age
58 years
Tenure
Has served at Teleflex Incorporated since at least April 2009, progressing through roles from Vice President of Marketing for the EMEA segment to Executive Vice President roles, President of international segments, President and Chief Operating Officer, and ultimately becoming President and CEO in January 2018 with an additional promotion to Chairman in May 2020.

Also at TELEFLEX

CPH
Cameron P. Hicks
Corporate Vice President, Human Resources and Communications
DVL
Daniel V. Logue
Corporate Vice President, General Counsel, and Secretary
JW
James Winters
Corporate Vice President, Manufacturing and Supply Chain

About

Liam J. Kelly is the current Chairman, President, and Chief Executive Officer at Teleflex Incorporated, where he leverages a strong international background and decades of experience in the medical device industry.

He embarked on his Teleflex career in April 2009, and over the years, he has held several key positions including Vice President of Marketing for the EMEA segment, followed by diverse roles as Executive Vice President and President across multiple regions. This progression culminated in his appointment as President and CEO in January 2018, with a subsequent elevation to Chairman in May 2020.

In addition to his executive roles, he has broadened his influence in the industry by serving as a director at Enovis Corporation and contributing significantly to strategic planning and operational excellence at Teleflex. His international perspective, bolstered by his roots in Ireland, has been a driving force behind his commitment to global growth and innovation.

$TFX Performance Under Liam J. Kelly

Past Roles

Organization / Role / Date Range / Details
Teleflex Incorporated (TFX) President and Chief Operating Officer May 2016 - December 2017 N/A
Teleflex Incorporated (TFX) Executive Vice President and Chief Operating Officer April 2015 - April 2016 N/A
Teleflex Incorporated (TFX) Executive Vice President and President, Americas April 2014 - April 2015 N/A
Teleflex Incorporated (TFX) Executive Vice President and President, International June 2012 - April 2014 N/A
Teleflex Incorporated (TFX) President, EMEA Segment June 2011 - June 2012 N/A
Teleflex Incorporated (TFX) Executive Vice President, EMEA Segment November 2009 - June 2011 N/A
Teleflex Incorporated (TFX) Vice President of Marketing, EMEA Segment April 2009 - November 2009 N/A
Hill-Rom Holdings, Inc. Vice President of International Marketing and R&D August 2006 - February 2009 N/A
Hill-Rom Holdings, Inc. Various Senior-level Positions October 2002 - April 2009 N/A

External Roles

OrganizationRoleDate RangeDetails
Enovis Corporation (formerly Colfax Corporation) Director N/A Current active board position

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,060,150 AnnualFixed base salary for 2023.
Health Benefits$41,223 Post-termination benefitsPotential post-termination health benefits.
Life and Accident Insurance$12,456 Post-termination benefitsPotential post-termination life and accident insurance benefits.
Automobile Allowance$57,266 Post-termination benefitsPotential post-termination automobile allowance.
Deferred Compensation ContributionsExecutive: $340,668; Registrant: $109,160 As specified in planCombination of executive and registrant contributions to the deferred compensation plan.

Performance Compensation

Data from  FY 2023

Annual Incentive Program

Component NameWeightTarget AwardActual AwardThreshold/Maximum PayoutVesting ScheduleEvaluation PeriodAdditional Details
Corporate Revenue40%$476,967 $476,967 Award achieved at 90.0% of target N/A (cash-based)Fiscal Year 2023Adjusted for foreign currency effects and acquisitions/divestitures.
EPS35%N/A$512,299 Performance at 110.5% of target N/A (cash-based)Fiscal Year 2023Adjusted EPS excluding restructuring and special charges; Related grant date: Feb 21, 2023.
Cash Flow15%100% at target$138,835 Payout range: Minimum 25%, up to 200% N/A (cash-based)Fiscal Year 2023Adjustments applied for acquisitions, divestitures, and extraordinary items.
Individual Performance10%N/A$132,519 Achieved 100% of target N/A (cash-based)Fiscal Year 2023Based on strategic, organizational, and management development initiatives.

Equity Incentive Compensation

Component NameGrant DateVesting ScheduleQuantity/NumberFair Value / PriceWeight of Equity IncentiveAdditional Details
Stock OptionsFeb 28, 2023 Equal annual increments over first three anniversaries 46,904 shares Fair Value: $76.22 per share ; Exercise Price: $238.23 55% of total equity incentive Performance based on stock price appreciation; no specific performance thresholds.
Restricted Stock Units (RSUs)Feb 28, 2023 Vest on third anniversary (Feb 28, 2026) 6,733 units Fair Value: $241.35 per unit 25% of total equity incentive Total Grant Value: $1,625,000; time-based award with no performance targets.
Performance Stock Units (PSUs)Feb 21, 2023 Performance-based vesting using RTSR Modifier Target: 5,150 units ; Max: 12,875 units Target Fair Value: $1,257,012 ; Maximum: $3,142,530 ; Market Price: $249.34 20% of total equity incentive Vesting contingent on stock price performance relative to a peer group (RTSR Modifier).