IPGP · Ipg Photonics Corp · Executive Compensation

$67.78 -3.08 (-4.35%) At close · Nov 13 Play latest call Q2 2026 earnings call transcript

S&P 400 member Russell 1000 member Rebalance outlook locked

Market Cap

$2.88B

42.51M

Volume · Nov 13 248.28K Avg daily vol (3M) 451K

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Mark Gitin	Chief Executive Officer	$879,423	—	$6,999,990	—	$1,159,600	$32,477	$9,071,490
Timothy Mammen	Chief Financial Officer and Senior Vice President	$559,419	—	$1,999,924	—	$472,700	$11,564	$3,043,607
Trevor Ness	Senior Vice President, Chief Revenue Officer	$520,269	—	$1,677,700	—	$440,100	$10,350	$2,648,419
Angelo Lopresti	Senior Vice President, General Counsel and Secretary	$504,173	—	$1,635,008	—	$425,000	$10,500	$2,574,681
Paulus Bucher	Senior Vice President, Global Operations	$226,590	—	$629,926	—	$325,288	—	$1,181,804

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Mark Gitin	Chief Executive Officer	$411,346	$775,000	$4,999,759	—	—	$514,720	$6,700,825
Eugene Scherbakov	Former Chief Executive Officer	$315,202	—	$4,994,479	—	—	$789,777	$6,099,458
Timothy Mammen	Chief Financial Officer and Senior Vice President	$538,700	—	$2,262,403	—	$265,300	$9,286	$3,075,689
Trevor Ness	Senior Vice President, Sales and Strategic Business Development	$494,106	—	$1,928,590	—	$245,200	$10,350	$2,678,246
Angelo Lopresti	Senior Vice President, General Counsel and Secretary	$485,500	—	$1,869,006	—	$242,800	$10,350	$2,607,656
Alexander Ovtchinnikov	Former Senior Vice President, Chief Technology Officer	$371,873	—	$1,944,416	—	—	$122,114	$2,438,403
Igor Samartsev	Senior Vice President, Chief Scientist	$424,200	—	$489,822	—	$127,200	$9,363	$1,050,585

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Eugene Scherbakov	Former Chief Executive Officer	$864,890	—	$4,416,887	—	$166,491	$277,284	$5,725,552
Timothy Mammen	Chief Financial Officer and Senior Vice President	$538,700	—	$1,616,014	—	$102,353	$9,900	$2,266,967
Angelo Lopresti	Senior Vice President, General Counsel and Secretary	$485,500	—	$1,334,917	—	$92,245	$9,900	$1,922,562
Alexander Ovtchinnikov	Former Senior Vice President, Chief Technology Officer	$481,000	—	$1,322,718	—	$91,390	$9,900	$1,905,008
Trevor Ness	Senior Vice President, Sales and Strategic Business Development	$477,100	—	$1,311,831	—	$90,649	$9,900	$1,891,412

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Eugene Scherbakov	Former Chief Executive Officer	$785,174	—	$4,999,721	—	$540,200	$310,425	$6,635,520
Timothy Mammen	Chief Financial Officer and Senior Vice President	$520,500	—	$1,561,276	—	$270,900	$9,150	$2,363,758
Angelo Lopresti	Senior Vice President, General Counsel and Secretary	$469,100	—	$1,289,844	—	$244,100	$9,150	$2,015,806
Felix Stukalin	Senior Vice President, Chief Operating Officer	$454,800	—	$1,286,697	—	$236,800	$15,694	$1,993,991
Alexander Ovtchinnikov	Former Senior Vice President, Chief Technology Officer	$464,700	—	$1,277,805	—	$241,800	$9,150	$1,993,455

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Eugene Scherbakov	Chief Executive Officer	$803,200	—	$4,406,457	—	$1,919,896	$155,298	$7,284,851
Valentin P. Gapontsev	Former Chief Executive Officer and Executive Chair	$846,154	—	—	—	$2,273,116	$134,764	$3,254,034
Timothy Mammen	Chief Financial Officer and Senior Vice President	$505,300	—	$1,534,952	—	$909,600	$10,632	$2,960,484
Angelo Lopresti	Senior Vice President, General Counsel and Secretary	$455,400	—	$1,267,921	—	$819,700	$12,312	$2,555,333
Alexander Ovtchinnikov	Senior Vice President, Chief Technology Officer	$451,200	—	$1,256,284	—	$812,100	$14,244	$2,533,828
Felix Stukalin	Senior Vice President, Chief Operating Officer	$441,600	—	$1,265,070	—	$794,900	$14,244	$2,515,814

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Eugene Scherbakov	Chief Executive Officer	$627,819	—	$2,441,338	—	$573,604	$25,554	$3,668,315
Timothy Mammen	Chief Financial Officer and Senior Vice President	$481,200	—	$1,504,074	—	$375,900	$26,561	$2,387,735
Alexander Ovtchinnikov	Senior Vice President, Chief Technology Officer	$438,100	—	$1,255,095	—	$320,300	$39,122	$2,052,617
Angelo Lopresti	Senior Vice President, General Counsel and Secretary	$442,100	—	$1,266,637	—	$323,200	$12,162	$2,044,099
Felix Stukalin	Senior Vice President, Chief Operating Officer	$424,700	—	$1,264,094	—	$313,400	$25,353	$2,027,547
Valentin P. Gapontsev	Former Chief Executive Officer and Executive Chair	$930,000	—	—	—	$934,900	$79,000	$1,943,900

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Eugene Scherbakov	Chief Executive Officer	$616,730	—	$2,152,254	$930,281	$154,155	$24,647	$3,878,067
Timothy P.V. Mammen	Chief Financial Officer and Senior Vice President	$481,200	—	$1,040,106	$449,556	$96,240	$9,642	$2,076,744
Alexander Ovtchinnikov	Senior Vice President, Chief Technology Officer	$438,100	—	$897,754	$388,154	$87,620	$10,722	$1,882,350
Angelo Lopresti	Senior Vice President, General Counsel and Secretary	$442,100	—	$906,066	$391,686	$88,420	$10,722	$1,838,994
Felix Stukalin	Senior Vice President, Chief Operating Officer	$428,700	—	$878,705	$379,790	$85,740	$15,714	$1,788,649
Valentin P. Gapontsev	Former Chief Executive Officer and Executive Chair	$930,000	—	—	—	$255,750	$66,234	$1,251,984

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Eugene Scherbakov	Chief Operating Officer, Managing Director of IPG Laser GmbH, Senior Vice President, Europe and Director	$673,694	—	$2,095,549	$924,421	$351,800	$23,472	$4,068,936
Timothy P.V. Mammen	Chief Financial Officer and Senior Vice President	$481,200	—	$1,012,796	$446,741	$213,700	$9,060	$2,163,497
Angelo Lopresti	Senior Vice President, General Counsel and Secretary	$442,100	—	$882,281	$389,166	$196,400	$10,572	$1,920,519
Alexander Ovtchinnikov	Senior Vice President, Components	$438,100	—	$873,928	$385,669	$194,600	$10,572	$1,902,869
Valentin P. Gapontsev	Chief Executive Officer and Chairman of the Board	$930,000	—	—	—	$568,000	$124,735	$1,622,735

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Eugene Scherbakov	Chief Operating Officer, Managing Director of IPG Laser GmbH, Senior Vice President, Europe and Director	$510,000	—	$899,514	$340,038	$769,300	$23,028	$2,541,880
Valentin P. Gapontsev	Chief Executive Officer and Chairman of the Board	$832,000	—	—	—	$1,399,100	$53,583	$2,284,683
Timothy P.V. Mammen	Chief Financial Officer and Senior Vice President	$458,300	—	$763,578	$288,607	$577,000	$8,910	$2,096,395
Angelo Lopresti	Senior Vice President, General Counsel and Secretary	$421,000	—	$623,394	$235,635	$530,000	$9,342	$1,819,371
Alexander Ovtchinnikov	Senior Vice President, Components	$417,200	—	$617,553	$233,503	$478,200	$10,422	$1,756,878

Executive changes

Person	Role	Change	Effective	Filed
Dr. Paulus Bucher	Senior Vice President, Global Operations	Appointed	2025-07-01	2025-07-08
Mary E. Buttarazzi	Vice President, Corporate Controller and Chief Accounting Officer (including its Principal Accounting Officer)	Appointed	2025-03-01	2025-02-11
Thomas J. Burgomaster	Vice President, Corporate Controller and Chief Accounting Officer (including its Principal Accounting Officer)	Retired	2025-03-01	2025-02-11
Alexander Ovtchinnikov	Senior Vice President, Chief Technology Officer	Retired	2024-09-15	2024-08-16
Dr. Mark Gitin	director	Appointed	2024-06-05	2024-04-30
Dr. Mark Gitin	Chief Executive Officer	Appointed	2024-06-05	2024-04-30
Kolleen Kennedy	director	Appointed	2023-08-01	2023-08-01
Greg Beecher	Board of Directors	Appointed	—	2023-01-23
Gregory R. Beecher	Board of Directors	Appointed	2023-01-20	2023-01-23

Leadership

Dr. Mark Gitin CEO, Board Member
Eugene A. Scherbakov CEO
Eugene Scherbakov CEO, Board Member
John Peeler Chairman
Valentin P. Gapontsev Chairman
Timothy P.V. Mammen CFO
Felix Stukalin COO, Board Member
Angelo Lopresti General Counsel
Mary E. Buttarazzi Chief Accounting Officer
Agnes K. Tang Board Member
Greg Beecher Board Member
Gregory R. Beecher Board Member
Jeanmarie Desmond Board Member
Kolleen Kennedy Board Member
Natalia Pavlova Board Member

Key facts CIK 1111928 CUSIP 44980X109 13F (30d) 275 filings 237 filers Visit website Investor relations