Alcoa CEO Chip Blankenship receives $18M in 2018
Alcoa reports 2018 executive compensation
By ExecPay News
Published: March 28, 2019
Alcoa reported fiscal year 2018 executive compensation information on March 28, 2019.
In 2018, seven Alcoa executives received on average a compensation package of $4.2M, a 47% increase compared to previous year.
Average pay of disclosed executives at Alcoa
Chip Blankenship, Chief Executive Officer, received $18M in total. 56% of Blankenship's compensation, or $9.8M, was in stock awards. Blankenship also received $5.7M in option awards, $1.2M in salary, as well as $952K in other compensation.
For fiscal year 2018, the median employee pay was $50,232 at Alcoa. Therefore, the ratio of Chip Blankenship's pay to the median employee pay was 352 to one.
Katherine H Ramundo, Chief Legal Officer, received a compensation package of $2.9M, which increased by 31% compared to previous year. 67% of the compensation package, or $2M, was in stock awards.
Eric V. Roegner, Former Executive Vice President and Group President, Engineered Products and Solutions, earned $2.8M in 2018, a 75% increase compared to previous year.
Timothy D. Myers, Executive Vice President and Group President, Global Rolled Products and Transportation and Construction Solutions, received $2.2M in 2018, which decreases by 15% compared to 2017.
Kenneth J. Giacobbe, Chief Financial Officer, earned $1.9M in 2018, a 39% decrease compared to previous year.
Mark J. Krakowiak, Former Executive Vice President, Strategy and Development, received $1.8M in 2018.
David P. Hess, Chief Executive Officer, earned $67K in 2018, a 99% decrease compared to previous year.
Related executives
Kenneth Giacobbe
Alcoa
Chief Financial Officer
Timothy Myers
Alcoa
Executive Vice President and Group President, Global Rolled Products and Transportation and Construction Solutions
Katherine Ramundo
Alcoa
Chief Legal Officer
Chip Blankenship
Alcoa
Chief Executive Officer
David Hess
Alcoa
Chief Executive Officer
Mark Krakowiak
Alcoa
Former Executive Vice President, Strategy and Development
Eric Roegner
Alcoa
Former Executive Vice President and Group President, Engineered Products and Solutions
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Source: SEC filing on March 28, 2019.