IPG Photonics Corporation (IPGP)

88.05 +2.68 (+3.14%) At close: 04:00PM EDT

IPG Photonics Corporation

377 Simarano Drive
Marlborough, MA 01752
United States
508 373 1100
https://www.ipgphotonics.com

Sector(s): Technology
Industry: Semiconductor Equipment & Materials
Full-time employees: 6,180

Key executives

Name	Title	Pay	Exercised	Year born
Dr. Eugene A. Scherbakov Ph.D.	CEO & Director	1.64M	140.47k	1948
Mr. Timothy P. V. Mammen	Senior VP & CFO	802.48k	N/A	1970
Dr. Alexander Ovtchinnikov Ph.D.	Senior VP & CTO	721.19k	N/A	1961
Mr. Angelo P. Lopresti II	Senior VP, General Counsel & Secretary	725.96k	N/A	1964
Mr. Thomas J. Burgomaster	VP, Corporate Controller, Treasurer & Chief Accounting Officer	N/A	N/A	N/A
Dr. Igor Samartsev Ph.D.	Senior VP & Chief Scientist	N/A	N/A	1963
Eugene Fedotoff	Senior Director of Investor Relations	N/A	N/A	N/A
Mr. Trevor D. Ness	Senior Vice President of Sales & Strategic Business Development	N/A	N/A	1973
John Weaver	Vice President of Human Resources Worldwide	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories. The company also offers integrated laser systems; LightWELD, a handheld laser welding system; 2D compact flat sheet cutter systems and multi-axis systems for fine welding, cutting, and drilling; welding seam stepper and picker, a fiber laser welding tool; high precision laser systems; specialized fiber laser systems for material processing applications; robotic and multi-axis workstations for welding, cutting and cladding, flatbed cutting systems, and diode markers; and laser and non-laser robotic welding and automation solutions. It serves materials processing, communications, medical procedures, and advanced applications and communications markets. The company markets its products to original equipment manufacturers, system integrators, and end users through direct sales force, as well as through agreements with independent sales representatives and distributors. IPG Photonics Corporation was founded in 1990 and is headquartered in Marlborough, Massachusetts.

Corporate governance

IPG Photonics Corporation’s ISS governance QualityScore as of 1 April 2024 is 2. The pillar scores are Audit: 6; Board: 2; Shareholder rights: 2; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.