Giordano Albertazzi

Chief Executive Officer (CEO) at Vertiv Holdings

Board

Since January 1, 2023

Age

58 years

Education

Holds a bachelor's degree in mechanical engineering from the Polytechnic University of Milan and a master's degree in management from the Stanford Graduate School of Business.

Tenure

Joined VRT in 1998 and held roles including Plant Manager, EMEA Marketing and Product Management Director, Managing Director for the Italian Market Unit, Vice President Services for Liebert Europe and EMEA, President of Vertiv in EMEA, President of Americas, Chief Operating Officer, and ultimately became Chief Executive Officer on January 1, 2023.

Also at Vertiv Holdings

Anand Sanghi

President, Americas

Anders Karlborg

EVP, Manufacturing, Logistics, and Operational Excellence

Cheryl Lim

Chief Human Resources Officer (CHRO)

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

Data from FY 2023

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

Data from FY 2023

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