Gates Industrial Corporation plc (GTES)

17.72 +0.27 (+1.55%) At close: 04:00PM EDT

Gates Industrial Corporation plc

1144 Fifteenth Street
Suite 1400
Denver, CO 80202
United States
303 744 1911
https://www.gates.com

Sector(s): Industrials
Industry: Specialty Industrial Machinery
Full-time employees: 14,700

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Ivo Jurek	CEO & Director	2.3M	N/A	1965
Mr. L. Brooks Mallard	Executive VP & CFO	1.04M	N/A	1967
Mr. Diego Silva	Senior VP & Chief Information Officer	N/A	N/A	N/A
Mr. Richard Michael Kwas C.F.A.	Vice President of Investor Relations	N/A	N/A	N/A
Mr. Josef Parzhuber	President, EMEA	N/A	N/A	N/A
Mr. Chris Cooney	Senior Vice President of Operational Excellence	N/A	N/A	N/A
Mr. Francis Misenheimer	President of Americas	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

Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwide. It operates in two segments, Power Transmission and Fluid Power. The company offers synchronous or asynchronous belts, including V-belts, CVT belts, and Micro-V belts, as well as related components, such as sprockets, pulleys, water pumps, tensioners, and other accessories; solutions for stationary and mobile drives, engine systems, and personal mobility application platforms; metal drive components; and kits for automotive replacement channels. It also provides fluid power solutions comprising stationary hydraulics, mobile hydraulics, vehicle systems, and other industrial application platforms; and hydraulics, including hoses, tubing, coupling, and fittings, as well as assemblies. The company's products are used in applications across various markets, including industrial off-highway, such as construction and agriculture; first-fit end markets; industrial on-highway commercial vehicles comprising heavy-duty trucks and buses, energy and resources, automotive, and personal mobility; and various industrial applications, such as automated manufacturing and logistics systems. It sells its products under the Gates brand. It offers its products to replacement channel customers, as well as to original equipment manufacturers. The company was founded in 1911 and is headquartered in Denver, Colorado.

Corporate governance

Gates Industrial Corporation plc’s ISS governance QualityScore as of 1 April 2024 is 5. The pillar scores are Audit: 4; Board: 3; Shareholder rights: 2; Compensation: 10.

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.