Eugene Shcherbakov Biography and Net Worth



Dr. Scherbakov is the Chief Executive Officer of the Company as of May 4, 2021, and has been a director since 2000. He previously served as Chief Operating Officer from February 2017, Managing Director of IPG Laser GmbH, our German subsidiary, since August 2000 and Senior Vice President-Europe since February 2013. He served as the Technical Director of IPG Laser from 1995 to August 2000. From 1983 to 1995, Dr. Scherbakov was a senior scientist in fiber optics and head of the optical communications laboratory at the General Physics Institute, Russian Academy of Science in Moscow. Dr. Scherbakov graduated from the Moscow Physics and Technology Institute with an M.S. in Physics. In addition, Dr. Scherbakov attended the Russian Academy of Science in Moscow, where he received a Ph.D. in Quantum Electronics from its Lebedev Physics Institute and a Dr.Sci. degree in Laser Physics from its General Physics Institute.

As the Chief Executive Officer, Dr. Scherbakov reports to the Board and has responsibility for managing the general business and affairs of the Company. Previously as Managing Director of IPG Laser GmbH, which produces a large volume of our products and is the source of many developments in products, technology and applications, he developed extensive knowledge of the Company’s business. He applies his knowledge and experience across our many international branches. The leadership and operational expertise of Dr. Scherbakov have contributed to IPG increasing production, lowering manufacturing costs, managing risk and maintaining high margins compared to our industry peers. He also has extensive technological knowledge of fiber lasers, their components and manufacturing processes. His long-term service as an executive officer of the Company provides the Board with a detailed understanding of the Company’s operations, sales and customers.

What is Eugene A. Shcherbakov's net worth?

The estimated net worth of Eugene A. Shcherbakov is at least $3.43 million as of October 13th, 2020. Mr. Shcherbakov owns 37,582 shares of IPG Photonics stock worth more than $3,433,116 as of March 28th. This net worth evaluation does not reflect any other investments that Mr. Shcherbakov may own. Learn More about Eugene A. Shcherbakov's net worth.

How do I contact Eugene A. Shcherbakov?

The corporate mailing address for Mr. Shcherbakov and other IPG Photonics executives is 50 OLD WEBSTER ROAD, OXFORD MA, 01540. IPG Photonics can also be reached via phone at (508) 373-1100 and via email at [email protected]. Learn More on Eugene A. Shcherbakov's contact information.

Has Eugene A. Shcherbakov been buying or selling shares of IPG Photonics?

Eugene A. Shcherbakov has not been actively trading shares of IPG Photonics during the last quarter. Most recently, Eugene A. Shcherbakov sold 1,500 shares of the business's stock in a transaction on Wednesday, February 9th. The shares were sold at an average price of $152.30, for a transaction totalling $228,450.00. Learn More on Eugene A. Shcherbakov's trading history.

Who are IPG Photonics' active insiders?

IPG Photonics' insider roster includes Thomas Burgomaster (CAO), Jeanmarie Desmond (Director), Valentin Gapontsev (CEO), Angelo Lopresti (SVP), Timothy Mammen (CFO), Eric Meurice (Director), Trevor Ness (SVP), Alexander Ovtchinnikov (SVP), John Peeler (Director), Igor Samartsev (CTO), Thomas Seifert (Director), and Eugene Shcherbakov (CEO). Learn More on IPG Photonics' active insiders.

Are insiders buying or selling shares of IPG Photonics?

During the last twelve months, insiders at the semiconductor company sold shares 26 times. They sold a total of 155,240 shares worth more than $16,635,360.60. The most recent insider tranaction occured on March, 25th when Major Shareholder Valentin Gapontsev Trust I sold 10,000 shares worth more than $895,600.00. Insiders at IPG Photonics own 37.1% of the company. Learn More about insider trades at IPG Photonics.

Information on this page was last updated on 3/25/2024.

Eugene A. Shcherbakov Insider Trading History at IPG Photonics

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
2/9/2022Sell1,500$152.30$228,450.00View SEC Filing Icon  
10/13/2020Sell3,000$185.20$555,600.0037,582View SEC Filing Icon  
1/8/2018Sell9,500$256.56$2,437,320.0016,957View SEC Filing Icon  
10/16/2017Sell9,500$198.79$1,888,505.0016,957View SEC Filing Icon  
7/17/2017Sell8,500$154.28$1,311,380.0016,957View SEC Filing Icon  
4/13/2016Sell2,750$98.50$270,875.0016,869View SEC Filing Icon  
3/25/2015Sell3,075$94.32$290,034.00View SEC Filing Icon  
10/22/2013Sell3,437$64.26$220,861.62View SEC Filing Icon  
7/30/2013Sell5,000$67.23$336,150.00View SEC Filing Icon  
6/10/2013Sell4,000$65.70$262,800.00View SEC Filing Icon  
See Full Table

Eugene A. Shcherbakov Buying and Selling Activity at IPG Photonics

This chart shows Eugene A Shcherbakov's buying and selling at IPG Photonics by year and by quarter.

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IPG Photonics Company Overview

IPG Photonics logo
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.
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Today's Range

Now: $90.69
Low: $90.00
High: $91.67

50 Day Range

MA: $92.05
Low: $85.19
High: $103.63

2 Week Range

Now: $90.69
Low: $83.00
High: $141.85

Volume

191,670 shs

Average Volume

317,145 shs

Market Capitalization

$4.18 billion

P/E Ratio

19.63

Dividend Yield

N/A

Beta

1.18