AN INTERVIEW WITH TOM PALEKA

As we celebrate the formation of the new GEO board of directors, we warmly welcome Tom Paleka as the new Chair of the Board. 

Tom steps into this role following the dedicated tenure of Dennis Paalman, who has served as Chair of GEO’s board of directors since 2019. During his time as Chair, Dennis rejuvenated the board by introducing structure and rigor around its operations, ensuring each member's accountability, and driving the board towards our common goals. 

Dennis's influence has been integral to the strategic direction of GEO for nearly 14 years, during which he chaired numerous committees, served as head judge of the GEO awards over ten times, and stepped in as acting Executive Director during the recruitment process for the position. On behalf of the GEO Board and the GEO team, we extend our heartfelt gratitude to Dennis for his invaluable time, expertise, and dedication to GEO.

As we move forward, we are thrilled to have Tom Paleka step into the role of Chair of the Board. Tom brings a wealth of experience in the equity compensation industry and a deep commitment to GEO's mission. He will be working closely with our new Executive Director, Gabbi Stopp, to lead our organization into the next successful 25 years, continuing to support share plan professionals in delivering excellence in equity compensation to employees worldwide. We look forward to Tom's leadership and the fresh perspectives he will bring to GEO as we navigate the future of our industry.

Let’s all get to know Tom better and understand his vision as he shares insights from his experience and discusses his ambitions for GEO’s future.

I have a very diverse and unconventional career path. I spent nearly 10 years in direct sales, and another 10 years in sales operations—one of my key responsibilities was designing and managing sales incentive plans. This experience came in handy when my last company needed a new Total Rewards leader.

The skills I honed from sales compensation design transitioned seamlessly into designing executive compensation plans. I've been managing equity compensation programs as part of my role for the past 20 years

The initial draw for me was really the global nature of GEO. When I started, Gallagher was rapidly expanding internationally. At the time, everything was in-house, and our existing international footprint was small. GEO provided me with so many best practices and education on new markets.

As for my time on the board, the highlights have definitely been being part of launching exciting and important initiatives like Fellows and Future Leaders, as well as the Global Share Plans Ranking Report.

I also always enjoy my time as Lead Judge of the GEO Awards. The GEO Awards program plays a vital role in spotlighting innovative solutions to common issues, fostering unity and alignment among companies striving to overcome shared obstacles. It provides a valuable platform for networking, learning, and celebrating achievements as a community. It's exhilarating being part of the process.

As the new Chair of the Board, my number one priority is supporting Gabbi and the GEO staff to create memorable and valuable experiences for our members. We need to keep excelling at what we do best. 

Beyond that, I want to leverage what we're doing in some local markets with chapters and education and expand the best ideas globally. 

Lastly, I'm focused on chapter and membership expansion.

I envision the use of equity compensation increasing. From what I’ve seen, they are effective recruiting tools and differentiators.

There's also a trend toward less dependency on qualified plans and more creative designs. 

Additionally, M&A activity continues to drive innovative plan designs and process improvements.

We are poised for great growth opportunities! Our biggest challenge is to find ways to continue meeting members’ needs in such a dynamic environment. As we grow, it's crucial not to lose sight of what’s made us successful over the years.

Growth comes with its own set of issues—we need to ensure we maintain that intimate experience with our members and grow thoughtfully. It's essential that our members continue to see value from GEO.

I’m excited about the prospect of expanding through chapter growth in several new countries across the regions. I encourage members to get more involved—chapters are excellent vehicles for bringing feedback back to GEO.

I also encourage more members to join the Issuer Advisory Council, which is a great platform for sharing the challenges our members are facing and how GEO can help.

Additionally, we can leverage the most successful programs and events currently in place at the chapter or regional level and bring them to other areas across the globe to meet member needs.

First and foremost, learn all you can! Be inquisitive and seek exposure to new areas. Be open to new opportunities.

Additionally, develop your financial skills—learn to read and understand financial statements. This knowledge will be invaluable as you advance in your career.

Know your business and be a problem solver. Continuously develop your analytical and presentation skills and practice them often.