Novanta Inc. (NOVT)

143.44 -0.57 (-0.40%) At close: 04:00PM EDT

Novanta Inc.

125 Middlesex Turnpike
Bedford, MA 01730
United States
781 266 5700
https://www.novanta.com

Sector(s): Technology
Industry: Scientific & Technical Instruments
Full-time employees: 3,000

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Matthijs Glastra	CEO & Chairman	2.62M	N/A	1969
Mr. Robert J. Buckley	Chief Financial Officer	1.2M	N/A	1974
Ms. Michele Davis Michele Welsh	Gen. Counsel & Corp. Sec.	691.84k	N/A	1974
Mr. Brian S. Young	Chief HR Officer	711.14k	2.02M	1969
Mr. Peter L. Chang	Chief Accounting Officer	N/A	N/A	1965
Ms. Sarah Betadam	Chief Information Officer & Chief Information Security Officer	N/A	N/A	N/A
Mr. Charlie Webster	Exec. VP of Novanta Growth System & Global Supply Chain	N/A	N/A	N/A
Mr. Chuck Ravetto	Group Pres of Automation Enabling Technologies Group	N/A	N/A	N/A
Ms. Anna Fain	Sr. VP of Leadership Devel. and Diversity, Equity & Inclusion	N/A	N/A	N/A
Mr. Heinrich Dreyer	Group Pres of Medical Solutions	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

Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion in the United States and internationally. The company operates through three segments: Photonics, Vision, and Precision Motion. The Photonics segment offers photonics-based solutions, including laser scanning, beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products serving photonics-based applications for industrial processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. The Vision segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; wireless technologies, video recorders, and video integration technologies for operating room integrations; optical data collection and machine vision technologies; radio frequency identification technologies; thermal chart recorders; spectrometry technologies; and embedded touch screen solutions. The Precision Motion segment offers optical and inductive encoders, precision motors, servo drives and motion control solutions, integrated stepper motors, intelligent robotic end-of-arm technology solutions, air bearings, and air bearing spindles. The company sells its products through its direct sales force and distributors under the Cambridge Technology, Synrad, Laser Quantum, ARGES, WOM, NDS, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, General Scanning, ATI Industrial Automation, Celera Motion, IMS, MicroE, Applimotion, Zettlex, Ingenia, and Westwind brands. The company was formerly known as GSI Group, Inc. and changed its name to Novanta Inc. in May 2016. Novanta Inc. was incorporated in 1968 and is headquartered in Bedford, Massachusetts.

Corporate governance

Novanta Inc.’s ISS governance QualityScore as of 28 September 2023 is 2. The pillar scores are Audit: 1; Board: 6; Shareholder rights: 2; Compensation: 4.

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.