Marc N. Casper
Also at Thermo Fisher Scientific Inc
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 Range | Details |
|---|---|---|---|
| Thermo Fisher Scientific | President and CEO | 2009–2020 | Held prior to his current role at TMO |
| Thermo Fisher Scientific | Executive Vice President and Chief Operating Officer (COO) | 2008–2009 | Role held before his promotion to President and CEO |
| Thermo Fisher Scientific | Executive Vice President | 2006–2008 | Executive role preceding the EVP & COO appointment |
| Thermo Fisher Scientific | Various other senior-level management roles | 2001–2006 | Senior roles during his early tenure at the company |
External Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Synopsys, Inc. | Active Directorship | N/A | N/A |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $1,730,027 | Annual | Fixed annual base salary. |
| All Other Compensation | $730,240 | Annual | Breakdown: 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: $0. |
Performance Compensation
Performance-Based Restricted Stock Units
| Metric | Value | Additional Details |
|---|---|---|
| Grant Date | February 22, 2023 | N/A |
| Grant Date Fair Value [$] | $5,616,666 | Reflects probable outcome at 100% target performance |
| Stock Price [$] | $548.40 | Per share |
| Threshold (shares) | 9,993 | Minimum required performance |
| Target (shares) | 21,985 | Target performance condition |
| Maximum (shares) | N/A | Implied cap above target |
| Performance Metrics | Organic Revenue Growth, Adjusted EPS, TSR | Key financial & strategic metrics |
| Vesting Conditions | Contingent | Must remain an Eligible Participant through vesting dates |
Annual Non-Equity Incentive Plan Compensation
| Metric | Value | Additional Details |
|---|---|---|
| Organic Revenue Growth Weight (%) | 35% | Payout: 0% |
| Adjusted Net Income Weight (%) | 30% | Payout: 7.2% |
| Free Cash Flow Weight (%) | 5% | Payout: 200% |
| Non-Financial Metrics Weight (%) | 30% | Payout: 200% |
| Overall Performance Score (%) | 72.2% | Aggregate evaluation for 2023 |
| Target Award Amount [$] | $3,633,058 | 210% of base salary |
| Approved Award Amount [$] | $2,623,068 | Based on overall performance score |
| Vesting Schedule | Options: 4 years; RSUs: 3.5 years | Time-based vesting for option and RSU awards |
Long-Term Incentive Award
| Metric | Value | Additional Details |
|---|---|---|
| Total LTI Award Value [$] | $13,893,334 | Sum of all LTI components |
| Stock Options Value [$] | $5,536,313 | Vest over 4 years |
| Time-Based RSUs Value [$] | $2,740,355 | Vest over 3.5 years |
| Performance-Based RSUs Value [$] | $5,616,666 | As detailed in the PSUs section |
| Grant Date | February 22, 2023 | N/A |
| Stock Price [$] | $548.40 | Per share |
| Performance Metrics | Organic Revenue Growth, Adjusted EPS, TSR | Metrics used for performance evaluation |
| Vesting Conditions | Must remain an Eligible Participant | Contingent on meeting performance targets and remaining employed |