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Marc N. Casper

Chairman, President, and CEO at THERMO FISHER SCIENTIFIC
Board
Since 2020
Age
56 years
Tenure
Joined TMO in 2001 as an executive officer, later serving as Executive Vice President, COO (2006–2009), President and CEO (2009–2020), and has been Chairman, President, and CEO since 2020.

Also at THERMO FISHER SCIENTIFIC

GP
Gianluca Pettiti
Executive Vice President
JRH
Joseph R. Holmes
Vice President and Chief Accounting Officer
LPB
Lisa P. Britt
Senior Vice President and CHRO

About

Marc N. Casper is 56 years old and holds United States citizenship, with limited available details regarding his early life and education.

He began his journey at TMO in 2001 as an executive officer and quickly moved through various leadership positions. His roles included Executive Vice President, Chief Operating Officer from 2006 to 2009, and President and CEO from 2009 to 2020, culminating in his current position as Chairman, President, and CEO since 2020. This remarkable progression reflects his commitment and strategic vision in steering the company’s growth.

Beyond his extensive career at TMO, he has also lent his expertise to other high-profile organizations by serving on the board of Synopsys, Inc. and previously on the board of U.S. Bancorp until 2021. His broad industry experience in the life sciences and healthcare equipment sector has been instrumental in addressing complex market challenges and fostering innovation across the industry.

$TMO Performance Under Marc N. Casper

Past Roles

Organization Role Date RangeDetails
Thermo Fisher Scientific President and CEO 2009–2020Held prior to his current role at TMO
Thermo Fisher Scientific Executive Vice President and Chief Operating Officer (COO) 2008–2009Role held before his promotion to President and CEO
Thermo Fisher Scientific Executive Vice President 2006–2008Executive role preceding the EVP & COO appointment
Thermo Fisher Scientific Various other senior-level management roles 2001–2006Senior roles during his early tenure at the company

External Roles

Organization Role Date RangeDetails
Synopsys, Inc. Active Directorship N/AN/A

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,730,027 AnnualFixed annual base salary.
All Other Compensation$730,240 AnnualBreakdown: Matching 401(k) Contributions: $19,800 ; Long-term Disability Insurance Premiums: $2,513 ; Matching Deferred Compensation Plan Contributions: $416,817 ; Dividend Equivalents: $42,769 ; Financial Planning Services: $0 ; Term Life Insurance Policy: $12,415 ; Personal Security Services: $10,926 ; Personal Aircraft Usage: $225,000 ; Other: $0.

Performance Compensation

Data from  FY 2023

Performance-Based Restricted Stock Units

MetricValueAdditional Details
Grant DateFebruary 22, 2023 N/A
Grant Date Fair Value [$]$5,616,666 Reflects probable outcome at 100% target performance
Stock Price [$]$548.40 Per share
Threshold (shares)9,993 Minimum required performance
Target (shares)21,985 Target performance condition
Maximum (shares)N/A Implied cap above target
Performance MetricsOrganic Revenue Growth, Adjusted EPS, TSR Key financial & strategic metrics
Vesting ConditionsContingent Must remain an Eligible Participant through vesting dates

Annual Non-Equity Incentive Plan Compensation

MetricValueAdditional Details
Organic Revenue Growth Weight (%)35% Payout: 0%
Adjusted Net Income Weight (%)30% Payout: 7.2%
Free Cash Flow Weight (%)5% Payout: 200%
Non-Financial Metrics Weight (%)30% Payout: 200%
Overall Performance Score (%)72.2% Aggregate evaluation for 2023
Target Award Amount [$]$3,633,058 210% of base salary
Approved Award Amount [$]$2,623,068 Based on overall performance score
Vesting ScheduleOptions: 4 years; RSUs: 3.5 years Time-based vesting for option and RSU awards

Long-Term Incentive Award

MetricValueAdditional Details
Total LTI Award Value [$]$13,893,334 Sum of all LTI components
Stock Options Value [$]$5,536,313 Vest over 4 years
Time-Based RSUs Value [$]$2,740,355 Vest over 3.5 years
Performance-Based RSUs Value [$]$5,616,666 As detailed in the PSUs section
Grant DateFebruary 22, 2023 N/A
Stock Price [$]$548.40 Per share
Performance MetricsOrganic Revenue Growth, Adjusted EPS, TSR Metrics used for performance evaluation
Vesting ConditionsMust remain an Eligible Participant Contingent on meeting performance targets and remaining employed

Interviews

Marc Casper joins CNBC's Mad Money to discuss Q4 and Full Year 2024 Earnings thumbnail

Marc Casper joins CNBC's Mad Money to discuss Q4 and Full Year 2024 Earnings

Thermo Fisher Scientific
7:11 min
Feb 3, 2025
Watch
Marc Casper joins CNBC's Mad Money to discuss Q2 2024 Earnings thumbnail

Marc Casper joins CNBC's Mad Money to discuss Q2 2024 Earnings

Thermo Fisher Scientific
6:37 min
Jul 26, 2024
Watch