Equibles does not estimate personal net worth.
Earlier roles on record: CEO at Franklin Electric Co Inc (FELE) until July 1, 2024. Franklin Electric Co Inc reported in an 8-K filed May 14, 2024 that Gregg Sengstack retired as Chief Executive Officer, effective July 1, 2024. The proxy statement of Franklin Electric Co Inc reports total compensation of $7,926,384 for Gregg Sengstack in fiscal 2024, including a base salary of $950,000. Disclosed compensation is on record for 8 fiscal years. Gregg Sengstack has spoken on 16 earnings calls across 1 company, most recently for Franklin Electric Co Inc on April 30, 2024. The companies whose calls Gregg Sengstack spoke on are classified in the Industrials sector.
“The Board announced that it will appoint Joseph Ruzynski as Chief Executive Officer, effective July 1, 2024, at which time Mr. Sengstack will retire as Chief Executive Officer.”
“Our first quarter results were slightly below our expectations while the business generally performed as expected. The Franklin team executed well and managed cost during the quarter despite much wetter weather and expected and continuing commodity price pressures.”
“We delivered a solid quarter and finished 2023. From Q3 to Q4, sequentially, we experienced more of the same market conditions with wetter weather and customer destocking continuing in the U.S. and to a lesser degree, Europe, and we experienced continued commodity pricing pressure in our Distribution business.”
“The third quarter, which is seasonally one of our strongest periods, was a solid quarter, but more challenging than we had anticipated with the results reflecting additional commodity price pressure in our distribution business and further destocking impacting demand during the quarter.”
“The Franklin team delivered another strong quarter of performance, which included record sales and earnings per share results for any quarter in Franklin's history.”
“The Franklin team delivered a strong start to the year and solid results by achieving first quarter records for sales, operating income, and earnings per share.”
Start not stated–2024-07-01
Specialty Industrial Machinery · Industrials
CEO
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2024 | Franklin Electric Co Inc (FELE) | Executive Chairperson and Former CEO | $950,000 | $7,926,384 |
| 2023 | Franklin Electric Co Inc (FELE) | Executive Chairperson and Former CEO | $940,385 | $7,401,610 |
| 2022 | Franklin Electric Co Inc (FELE) | Executive Chairperson and Former CEO | $894,231 | $6,700,247 |
| 2021 | Franklin Electric Co Inc (FELE) | Chairperson and CEO | $870,000 | $6,896,933 |
| 2020 | Franklin Electric Co Inc (FELE) | Chairperson and CEO | $824,404 | $5,953,917 |
| 2019 | Franklin Electric Co Inc (FELE) | Chairperson & CEO | $798,333 | $6,371,348 |
| 2018 | Franklin Electric Co Inc (FELE) | Chairperson & CEO | $764,583 | $5,103,276 |
| 2017 | Franklin Electric Co Inc (FELE) | Chairperson & CEO | $730,417 | $4,811,126 |
