People: IPG Photonics Corp (IPGP.O)
IPGP.O on Nasdaq
61.78USD
17 May 2013
61.78USD
17 May 2013
Price Change (% chg)
$1.29 (+2.13%)
$1.29 (+2.13%)
Prev Close
$60.49
$60.49
Open
$60.79
$60.79
Day's High
$61.99
$61.99
Day's Low
$60.41
$60.41
Volume
583,928
583,928
Avg. Vol
507,980
507,980
52-wk High
$70.11
$70.11
52-wk Low
$37.58
$37.58
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Valentin Gapontsev |
73 | 1990 | Chairman of the Board, Chief Executive Officer |
Timothy Mammen |
42 | 2000 | Chief Financial Officer, Vice President |
Trevor Ness |
2013 | Senior Vice President - Worldwide Sales and Marketing | |
Igor Samartsev |
49 | 2011 | Chief Technology Officer, Director |
Angelo Lopresti |
48 | 2001 | Vice President, General Counsel, Secretary |
Yuri Erokhin |
2013 | Vice President - Strategic Marketing | |
George BuAbbud |
57 | 2002 | Vice President - Telecommunications Products |
David Gray |
46 | 2013 | Vice President - Strategic Development |
Alexander Ovtchinnikov |
51 | 2005 | Vice President - Components |
William Shiner |
70 | 2007 | Vice President - Industrial Markets |
Eugene Shcherbakov |
64 | 2000 | Managing Director of IPG Laser, Director |
John Peeler |
2012 | Director | |
Robert Blair |
65 | 2000 | Independent Director |
Michael Child |
57 | 2000 | Independent Director |
Henry Gauthier |
71 | 2011 | Presiding Independent Director |
William Hurley |
67 | 2006 | Independent Director |
Michael Kampfe |
2011 | Independent Director | |
William Krupke |
75 | 2001 | Independent Director |
Biographies
| Name | Description |
|---|---|
Valentin Gapontsev |
Dr. Valentin P. Gapontsev, Ph.D., is Chairman of the Board, Chief Executive Officer of IPG Photonics Corporation since 1990. He founded IPG in 1990 and has been Chief Executive Officer and Chairman of the Board since company's inception. Prior to that time, he served as senior scientist in laser material physics and head of the laboratory at the Soviet Academy of Science’s Institute of Radio Engineering and Electronics in Moscow. He has over thirty years of academic research experience in the fields of solid state laser materials, laser spectroscopy and non-radiative energy transfer between rare earth ions and is the author of many scientific publications and several international patents. Dr. Gapontsev holds a Ph.D. in Physics from the Moscow Institute of Physics and Technology. In 2006, he was awarded the Ernst & Young ® Entrepreneur of the Year Award for Industrial Products and Services in New England, and in 2009, he was awarded the Arthur L. Schawlow Award by the Laser Institute of America. Dr. Gapontsev serves as both Chairman and Chief Executive Officer. In 2011, he received the Russian Federation National Award in Science and Technology, and he was also selected as a Fellow of the Optical Society of America. |
Timothy Mammen |
Mr. Timothy P.V. Mammen is Chief Financial Officer and Vice President of IPG Photonics Corporation. He has served as Chief Financial Officer since July 2000 and as Vice President since November 2000. Between May 1999 and July 2000, Mr. Mammen served as the Group Finance Director and General Manager of the United Kingdom operations for IPFD. Mr. Mammen was Finance Director and General Manager of United Partners Plc, a commodities trading firm, from 1995 to 1999 and prior to that he worked in the finance department of E.I. du Pont de Nemours and Company. Mr. Mammen holds an Upper Second B.Sc. Honours degree in International Trade and Development from the London School of Economics and Political Science and is a Chartered Accountant and a member of the Institute of Chartered Accountants of Scotland. |
Trevor Ness |
Mr. Trevor Ness has been appointed as Senior Vice President - Worldwide Sales and Marketing of IPG Photonics Corp. effective March 01, 2013. He joined IPG in January 2011 as Vice President - Asian Operations, and managed double digit growth in China, Japan and Korea. Prior to 2011, he served as Director of GSI Precision Technologies China at GSI Group, where he was responsible for all business activity in China, including manufacturing, sales, service and market development. From 1997 until 2005, Ness served in various senior management sales and operations roles in the UK and Asia with GSIL Asia Pacific, Westwind Japan, and Westwind Air Bearings Ltd. Ness earned a BSc in Geology from Imperial College London, an HNC in Production Engineering from Bournemouth University, and an MBA (Technology Management) from The Open University. |
Igor Samartsev |
Mr. Igor Samartsev is Chief Technology Officer, Director of IPG Photonics Corporation. Since 2005, he has also served as the Deputy General Manager of company's Russian subsidiary, NTO IRE-Polus. He served as the Technical Director of NTO IRE-Polus from 2000 to April 2005 and, from 1993 to 2001, he was the Deputy Director of NTO IRE-Polus. Mr. Samartsev holds an M.S. in Physics from the Moscow Institute of Physics and Technology. |
Angelo Lopresti |
Mr. Angelo P. Lopresti serves as Vice President, General Counsel, Secretary of IPG Photonics Corporation since February 2001. Prior to joining the company, Mr. Lopresti was a partner at the law firm of Winston & Strawn from 1999 to 2001. Prior to that, he was a partner at the law firm of Hertzog, Calamari & Gleason from 1998 to 1999 and an associate there from 1991 to 1998. Mr. Lopresti holds a B.A. in Economics from Trinity College and a J.D. from the New York University School of Law. |
Yuri Erokhin |
Mr. Yuri Erokhin, Ph.D., has been appointed as Vice President - Strategic Marketing of IPG Photonics Corporation, effective March 01, 2013. He joins IPG from Applied Materials/Varian Semiconductor Equipment where he has worked since 2003 and served as Senior Director, Strategic Marketing since 2006. Prior to working at Applied Materials, he was Vice President of Wafer Technology at IBIS Technology Corp. From 1995 to 2000, Erokhin was at Axcelis Technologies Corp., where he was Director of Process Technology. Before that, Erokhin worked as a research scientist at various institutions since 1980. Erokhin earned an M.S. with Honors in Quantum Electronics (Lasers) from the Moscow Physical-Technical Institute and a Ph.D. in Microelectronics Technology from the Russian Academy of Sciences, Moscow. |
George BuAbbud |
Dr. George H. BuAbbud, Ph.D., serves as Vice President - Telecommunications Products of IPG Photonics Corp., since July 2002. Prior to joining the company, Dr. BuAbbud was Vice President and Chief Technical Officer for the Access Network Systems division of Marconi Communications, Inc., a maker of telecommunications systems, from 1999 to 2002. He holds a B.E. in Electrical Engineering from the American University of Beirut and an M.Sc. and a Ph.D. in Electrical Engineering from the University of Nebraska. |
David Gray |
Dr. David Gray, Ph.D., has been appointed as Vice President - Strategic Development of IPG Photonics Corporation, effective March 01, 2013. He joins IPG from GT Advanced Technologies, where he served in multiple roles, most recently as its Chief Strategy & New Business Officer. Prior to that, he served as a senior M&A advisor to the photonics and electronics markets with Alliant Partners and Broadview. Early in his career, Gray also co-founded Aspect International, Inc., and served as a senior engineer with Raychem in its display products group. David earned a Ph.D. in Chemical Engineering from Massachusetts Institute of Technology, an MBA from Stanford University Graduate School of Business, and a B.S. in Chemical Engineering from Carnegie-Mellon University. |
Alexander Ovtchinnikov |
Dr. Alexander Ovtchinnikov, Ph.D., serves as Vice President - Components of IPG Photonics Corporation since September 2005. He has served as Director of Material Sciences from October 2001 to September 2005. Prior to joining us, Dr. Ovtchinnikov was Material Science Manager of Lasertel, Inc., a maker of high-power semiconductor lasers, from 1999 to 2001. For 15 years prior to joining Lasertel, Inc., he worked on the development and commercialization of high power diode pump technology at the Ioffe Institute, Tampere University of Technology, Coherent, Inc. and Spectra-Physics Corporation. He holds an M.S. in Electrical Engineering from the Electrotechnical University of St. Petersburg, Russia, and a Ph.D. from Ioffe Institute of the Russian Academy of Sciences. |
William Shiner |
Mr. William S. Shiner serves as Vice President - Industrial Markets of IPG Photonics Corporation since March 2007. He has served as Director of Industrial Markets since August 2002. Prior to joining the company, Mr. Shiner was Vice President of Sales and Marketing for Coherent Industrial from 1980 to 1995 and Chief Operating Officer for Convergent Prima from 1995 to 2002. Mr. Shiner holds a B.S.E.E. and an M.B.A. from Northeastern University. |
Eugene Shcherbakov |
Dr. Eugene Shcherbakov, Ph.D., serves as Managing Director of IPG Laser GmbH, German subsidiary, of IPG Photonics Corporation and Director of IPG Photonics Corporation. Dr. Scherbakov served as the Technical Director of IPG Laser from 1995 to August 2000. From 1983 to 1995, Dr. Scherbakov was a senior scientist in fiber optics and head of the optical communications laboratory at the General Physics Institute, Russian Academy of Science in Moscow. Dr. Scherbakov graduated from the Moscow Physics and Technology Institute with an M.S. in Physics. In addition, Dr. Scherbakov attended the Russian Academy of Science in Moscow, where he received a Ph.D. in Quantum Electronics from its Lebedev Physics Institute and a Dr.Sci. degree in Laser Physics from its General Physics Institute. |
John Peeler |
Mr. John R. Peeler is appointed as the Director of IPG Photonics Corporation. He is Executive Officer and Chairman of Veeco Instruments Inc. |
Robert Blair |
Mr. Robert A. Blair is Independent Director of IPG Photonics Corporation since September 2000. Since January 1999, Mr. Blair has been the President of the Blair Law Firm P.C. Mr. Blair was a senior partner at the law firm of Manatt, Phelps & Phillips from 1995 to 1999. He was the managing partner of the law firm of Anderson, Hibey, Nauheim & Blair from 1981 to 1995. He is a trustee under Winkler Trusts, previously the primary sources of equity for, and owners of, real estate ventures developed by The Mark Winkler Company. Mr. Blair is managing partner of several real estate partnerships, has been a manager/principal in cellular telephone ventures and assisted in the launch of a VoIP business. He is the founding Chairman and Chairman Emeritus of the S Corporation Association of America. Mr. Blair holds a B.A. in Mathematics from the College of William & Mary, where he previously served on its governing Board of Visitors, and a J.D. from the University of Virginia School of Law. |
Michael Child |
Mr. Michael C. Child is Independent Director of IPG Photonics Corporation since September 2000. Since July 1982, Mr. Child has been employed by TA Associates, Inc., a private equity investment firm, where he currently serves as Senior Advisor and prior to January 2011, was Managing Director. Since June 2010, he served on the board of directors of Finisar Corporation, a developer and manufacturer of optical subsystems and components for networks. He previously served as a director of Finisar from 1998 to 2005. Mr. Child holds a B.S. in Electrical Engineering from the University of California at Davis and an M.B.A. from the Stanford University Graduate School of Business. |
Henry Gauthier |
Mr. Henry E. Gauthier is Presiding Independent Director of IPG Photonics Corporation. Mr. Gauthier was President from February 2005 to May 2005, consultant from January 2004 to February 2005 and June 2005 to December 2006, and Chairman of the board of directors from May 2005 to December 2008, of Reliant Technologies, Inc., which was acquired in December 2008 by Solta Medical, Inc., a manufacturer of medical laser systems and one of the customers. He served as Vice Chairman of the board of directors of Coherent, Inc., a manufacturer of photonic products, from October 2002 to March 2006. He served as Chairman of the board of directors of Coherent, Inc. from February 1997 to October 2002 and was its President from 1983 to 1996. Since July 1996, Mr. Gauthier has served as a principal at Gauthier Consulting. He was a member of the board of directors of Alara, Inc. from 1997 to 2010. Mr. Gauthier attended the United States Coast Guard Academy, San Jose State University, and the Executive Institute of the Stanford University Graduate Business School. |
William Hurley |
Mr. William S. Hurley is Independent Director of IPG Photonics Corporation since April 2006. Since April 2006, he has been principal of W. S. Hurley Financial Consulting, which provides supplemental chief financial officer services. From 2002 to April 2006, he was a partner with Tatum LLC, a nationwide executive services and consulting firm. He was Senior Vice President and Chief Financial Officer at Applied Science & Technology, a developer, manufacturer and supporter of semiconductor capital equipment, from 1999 until 2001. He served as Vice President and Chief Financial Officer at Cybex International, Inc., a designer, manufacturer and distributor of fitness equipment, from 1996 to 1999. From 1992 to 1995, he was Vice President-Controller and Chief Accounting Officer at BBN Corporation, formerly known as Bolt, Beranek & Newman, Inc., a high technology company. From 1993 to 2004, Mr. Hurley was a member of the board of directors of The L. S. Starrett Company, a manufacturer of precision tooling, where he served on the audit and compensation committees. He holds a B.S. in Accounting from Boston College and an M.B.A. in Finance from Columbia University Graduate School of Business, is a certified public accountant, and possesses a Certificate of Director Education issued by the National Association of Corporate Directors. |
Michael Kampfe |
Mr. Michael R. Kampfe is no longer Independent Director of IPG Photonics Corp., effective Company’s 2013 annual meeting of stockholders. Since 2001, he has been an independent consultant advising on general management and strategy matters, sales, tooling and manufacturing processes. From 1984 to 2000, he was employed by GSI Group, a manufacturer of optical, scanning and laser components and system product lines, serving in several management positions as Vice President. His last position was Vice President of Operations. Mr. Kampfe holds a B.S. in Mechanical Engineering from the University of Arizona, and he attended the Executive Institute at Stanford University. He has a license in professional engineering. |
William Krupke |
Dr. William F. Krupke, Ph.D., is Independent Director of IPG Photonics Corp. Since 1999, Dr. Krupke has been president of a laser technology and applications consulting firm (now WFK Lasers, LLC). From 1972 to 1999, Dr. Krupke worked at the Lawrence Livermore National Laboratory, which provides research and development services to various U.S. government departments, serving for the last twenty of such years as Deputy Associate Director of the Laser Programs Directorate. Dr. Krupke holds a B.S. degree in Physics from Rensselaer Polytechnic Institute and M.A. and Ph.D. degrees in Physics from the University of California at Los Angeles. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Valentin Gapontsev |
1,242,730 |
Timothy Mammen |
1,464,000 |
Trevor Ness |
-- |
Igor Samartsev |
-- |
Angelo Lopresti |
1,378,530 |
Yuri Erokhin |
-- |
George BuAbbud |
359,007 |
David Gray |
-- |
Alexander Ovtchinnikov |
1,298,680 |
William Shiner |
-- |
Eugene Shcherbakov |
1,523,380 |
John Peeler |
-- |
Robert Blair |
-- |
Michael Child |
-- |
Henry Gauthier |
-- |
William Hurley |
-- |
Michael Kampfe |
-- |
William Krupke |
-- |
As Of 30 Dec 2011
Options Compensation
| Name | Options | Value |
|---|---|---|
Valentin Gapontsev |
433,396 | 1,003,110 |
Timothy Mammen |
321,259 | 651,311 |
Trevor Ness |
0 | 0 |
Igor Samartsev |
0 | 0 |
Angelo Lopresti |
380,374 | 3,433,610 |
Yuri Erokhin |
0 | 0 |
George BuAbbud |
0 | 0 |
David Gray |
0 | 0 |
Alexander Ovtchinnikov |
23,438 | 1,523,450 |
William Shiner |
0 | 0 |
Eugene Shcherbakov |
98,336 | 935,122 |
John Peeler |
0 | 0 |
Robert Blair |
0 | 0 |
Michael Child |
0 | 0 |
Henry Gauthier |
0 | 0 |
William Hurley |
0 | 0 |
Michael Kampfe |
0 | 0 |
William Krupke |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
NESS TREVOR |
48 | $60.11 |
SHCHERBAKOV EUGENE A |
4,125 | $8.26 |
SHCHERBAKOV EUGENE A |
3,834 | $19.69 |
SHCHERBAKOV EUGENE A |
4,125 | $64.76 |
SHCHERBAKOV EUGENE A |
3,834 | $64.70 |
VALENTIN GAPONTSEV TRUST I |
6,250 | $62.94 |
GAPONTSEV VALENTIN P |
12,000 | $0.00 |
LOPRESTI ANGELO P |
2,000 | $0.00 |
NESS TREVOR |
1,900 | $0.00 |
OVTCHINNIKOV ALEXANDER |
1,800 | $0.00 |
SAMARTSEV IGOR |
1,300 | $0.00 |
SHCHERBAKOV EUGENE A |
2,200 | $0.00 |
MAMMEN TIMOTHY P V |
2,500 | $0.00 |
SHCHERBAKOV EUGENE A |
10,149 | $8.26 |
MAMMEN TIMOTHY P V |
600 | $70.00 |
SHCHERBAKOV EUGENE A |
10,149 | $69.72 |
BUABBUD GEORGE H |
600 | $70.00 |
BUABBUD GEORGE H |
600 | $5.37 |
MAMMEN TIMOTHY P V |
600 | $5.37 |
KRUPKE WILLIAM F |
634 | $70.01 |
BUABBUD GEORGE H |
6,500 | $5.37 |
BUABBUD GEORGE H |
6,500 | $69.06 |
OVTCHINNIKOV ALEXANDER |
1,833 | $65.25 |
OVTCHINNIKOV ALEXANDER |
688 | $8.26 |
OVTCHINNIKOV ALEXANDER |
1,145 | $19.69 |

