ProxyMiner / Company

THERMO FISHER SCIENTIFIC INC.TMO

Latest proxy: 2026 · view on SEC ↗ · CIK 0000097745

CEO total pay

$79,923,350

Marc N. Casper · 2025

Say on pay

Not disclosed

Use Ask for the underlying narrative

CEO pay ratio

Item 402(u)

120 to 1

Median employee: $71,333

Compensation committee

CD&A

Compensation Committee

Per the latest proxy

Filings indexed: 2 · 2026 · 2025

Executive pay

What did they pay them?

From the Summary Compensation Table. Pay mix and YoY are computed from these rows.

ExecutiveRoleTotalYoYPay mixSalaryStockCash incentiveOther
Marc N. Casper2025 compensation
Chairman, President and Chief Executive Officer
$79,923,350 162%
97% at-risk
$1,785,534$65,730,211$3,742,123$714,105
Stephen Williamson2025 compensation
Senior Vice President and Chief Financial Officer
$6,781,012 39%
81% at-risk
$1,095,170$2,456,033$1,256,926$209,912
Michel Lagarde2025 compensation
Executive Vice President and Chief Operating Officer
$8,907,174 30%
85% at-risk
$1,166,433$3,572,991$1,396,920$207,225
Gianluca Pettiti2025 compensation
Executive Vice President
$8,080,467 29%
85% at-risk
$1,031,918$3,293,754$1,184,332$207,017
Frederick Lowery2025 compensation
Executive Vice President
$6,575,821 23%
83% at-risk
$930,356$2,623,683$974,920$164,021

Pay mix: base cash incentive equity other

CD&A excerpt

Compensation discussion & analysis

Opening passage of the loaded filing's CD&A. Use Ask below to query the full text with citations.

This compensation discussion and analysis provides an overview of the components of our 2025 executive compensation program and the decisions of the Compensation Committee (referred to in this “Compensation discussion and analysis” section as the “Compensation Committee” or “Committee”) for our 2025 NEOs, who are: Named Executive Officer 2025 Title Marc N. Casper* Chairman, President and Chief Executive Officer Stephen Williamson** Senior Vice President and Chief Financial Officer Michel Lagarde*** Executive Vice President and Chief Operating Officer Gianluca Pettiti* Executive Vice President Frederick Lowery*** Executive Vice President * As announced on January 12, 2026, effective March 1, 2026 Marc N. Casper became Chairman and Chief Executive Officer, and Gianluca Pettiti was promoted to the role of President and Chief Operating Officer. ** As announced on July 23, 2025, Mr. Williamson retired effective March 31, 2026. Mr. James R. Meyer succeeded Mr. Williamson as Senior Vice President and Chief Financial Officer as of March 1, 2026. *** As announced on January 12, 2026, each of Mr. Lagarde and Mr. Lowery decided to leave Thermo Fisher to pursue other opportunities. Mr. Lagarde

Read the full CD&A on SEC.gov ↗

Peer comparison

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Governance

Policy guardrails

  • compensation committee

    Compensation Committee

    Annual compensation setting process The Compensation Committee undertakes a number of activities each year

  • hedging

    Insider trading policy; anti-hedging and anti-pledging policies

    Insider trading policy; anti-hedging and anti-pledging policies

  • pledging

    Insider trading policy; anti-hedging and anti-pledging policies

    Insider trading policy; anti-hedging and anti-pledging policies

  • clawback

    present

    Clawback policy

  • stock ownership guidelines

    present

    Stock ownership guidelines

  • change in control

    ‘Double trigger’ change in control agreements

    ‘Double trigger’ change in control agreements

  • compensation consultant

    independent

    Independent compensation consultant

Performance markers

Metric facts

  • revenue

    $10 billion

    least May 2030, and to drive substantial long-term shareholder value through sustained TSR outperformance. Under Mr. Casper’s leadership as CEO, Thermo Fisher has transformed into a global leader serving the life science

  • operating income

    students through STEM initiatives and contributing 100K+ colleague volunteer hours globally • Strong improvement in cybersecurity awareness and behavior and launched global digital acumen business resource group with 14

  • ceo pay ratio

    120 to 1

    in the case of employees who joined the company during 2025). The annual total compensation of our median employee (other than the CEO) for 2025 was $71,333. As disclosed in the Summary Compensation Table appearing on pa

  • median employee compensation

    $71,333

    We determined the median employee from the remaining 118,745 persons (excluding our CEO) based on the sum of the annual salary and the target cash incentive for each employee as of October 3, 2025 (annualized in the case

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