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Garmin Ltd. (GRMN)

NYSE - NYSE Delayed Price. Currency in USD
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141.02+1.50 (+1.08%)
At close: 04:00PM EDT
141.63 +0.61 (+0.43%)
Pre-Market: 04:29AM EDT

Garmin Ltd.

Mühlentalstrasse 2
Schaffhausen 8200
Switzerland
41 52 630 1600
https://www.garmin.com

Sector(s)Technology
IndustryScientific & Technical Instruments
Full Time Employees19,900

Key Executives

NameTitlePayExercisedYear Born
Mr. Clifton Albert PemblePresident, CEO & Director1.26MN/A1966
Mr. Douglas Gerard BoessenCFO & Treasurer730.6kN/A1963
Mr. Andrew R. EtkindVP, General Counsel & Secretary1.13MN/A1956
Mr. Philip I. StraubExecutive VP & MD of Aviation - Garmin International, Inc775.6kN/A1971
Mr. Patrick G. DesboisExecutive Vice President of Operations - Garmin International, Inc.776.57kN/A1969
Dr. Min-Hwan Kao Ph.D.Co-Founder & Executive Chairman384.43kN/A1949
Ms. Teri SeckManager of Investor RelationsN/AN/AN/A
Mr. Ted GartnerDirector of Corporate CommunicationsN/AN/AN/A
Ms. Laurie MinardVice President of Human ResourcesN/AN/A1967
Susan LymanVP & Global Consumer MarketingN/AN/AN/A
Amounts are as of December 31, 2022 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds and satellite communicators, golf devices, consumer automotive devices, and dog devices, as well as InReach and Gramin response communication device. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions, including integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponders, weather information and avoidance solutions, datalink and connectivity solutions, and various services. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fishfinders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, audio products and accessories, digital switching products, and trolling motors. Its Auto segment offers embedded domain controllers and infotainment units; and software, map database, cameras, wearables, and automotive solutions. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as online webshop. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

Corporate Governance

Garmin Ltd.’s ISS Governance QualityScore as of April 1, 2024 is 9. The pillar scores are Audit: 8; Board: 10; Shareholder Rights: 7; Compensation: 7.

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 a 10 indicates higher governance risk.