Giordano Albertazzi
Also at Vertiv Holdings Co
About
Giordano Albertazzi has built an extensive career in the data center and technology industries, marked by a long-standing association with VRT that began in 1998 when he joined as part of Emerson Network Power.
He progressed through a series of increasingly responsible positions, demonstrating robust leadership in both European and American operations. His early roles provided him with a strong foundation in product management and operational excellence that later evolved into strategic global leadership positions.
Over time, his ability to drive business development and operational improvements became evident through roles such as Managing Director for the Italian market unit and Vice President of Services in key regions. This diverse expertise laid the groundwork for his eventual appointment as Chief Operating Officer.
In early 2023, his proven track record and deep industry insights culminated in his promotion to Chief Executive Officer. His blend of academic credentials and extensive professional experience continues to position him as a pivotal leader at VRT.
$VRT Performance Under Giordano Albertazzi
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Vertiv | President, Americas | March 2022 - July 2023 | Held before becoming CEO |
| Vertiv | Chief Operating Officer (COO) | October 2022 - January 2023 | Held before becoming CEO |
| Vertiv | President, EMEA | February 2020 - March 2022 | Held before becoming CEO |
| Vertiv | President of Vertiv in EMEA | 2016 - February 2020 | Responsible for operations and business development |
| Emerson Network Power | Vice President Sales | 2014 | Promoted to this role, part of services leadership |
| Emerson Network Power | Vice President Services for broader EMEA | 2011 | Oversaw services across the EMEA region |
| Emerson Network Power | Vice President Services for Liebert Europe business | 2006 | Led services for Liebert Europe |
| Emerson Network Power | Managing Director for the Italian market unit | 2004 - 2006 | Managed the Italian market unit operations |
| Emerson Network Power | EMEA Marketing and Product Management Director | 2002 - 2004 | Directed marketing and product management |
| Emerson Network Power | Plant Manager | 1999 - 2001 | Led plant operations |
| Kone Elevators | Operations & Product Development Roles | Not provided | Began his career at Kone Elevators |
Fixed Compensation
| Component Name [Doc] | Amount [Doc] | Payment Schedule [Doc] | Additional Details [Doc] |
|---|---|---|---|
| Salary | $865,385 | Annual 2023 | Base salary component |
| All Other Compensation | $17,789 | Annual 2023 | Housing: $6,346; Travel expenses: $11,443 |
| Option Awards | $3,300,000 (Fair Value) | Vesting over 4 years (25% annually on each anniversary) | Granted on March 7, 2023; Exercise Price: $15.84; 472,103 options; Expire on March 7, 2033 |
Performance Compensation
Stock Awards
| Metric [Doc] | Detail [Doc] |
|---|---|
| Performance Metric | Adjusted Operating Profit (AOP) |
| Target | $1,000,000,000 |
| Threshold | No payout if target not achieved; additional 20% of target award for every $50M increment |
| Actual Result | $1,053.5 million |
| Award Earned | 120% of the first tranche earned |
| Vesting Schedule | Cliff vesting on January 1, 2027, contingent on achieving 2023, 2024, and 2025 goals |
| Grant Date | November 18, 2022 |
| Grant Date Fair Value | $6,750,000 |
| Grant Date Stock Price | $11.50 (March 3, 2022) and $11.99 (October 5, 2022) |
Non-Equity Incentive Plan
| Metric [Doc] | Detail [Doc] |
|---|---|
| Performance Metric | Financial performance as per Vertiv Incentive Plan (VIP) |
| Target Bonus Opportunity | $2,250,000 |
| Maximum Payout | $4,500,000 (200% of target) |
| Conditions | Payout contingent on achieving financial performance goals under VIP |
| Payout Schedule | Paid as a cash bonus after the performance year ends |
| Grant Date / Fair Value / Stock Price | Not applicable for non-equity incentive plans |