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    Marc N. Casper

    Chairman, President, and CEO at Thermo Fisher Scientific Inc
    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 Inc

    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