Avnet CEO William Amelio's 2020 pay slips 9% to $7.7M
Avnet reports 2020 executive compensation
By ExecPay News
Published: October 1, 2020
Avnet reported fiscal year 2020 executive compensation information on October 1, 2020.
In 2020, six Avnet executives received on average a compensation package of $3.1M, a 10% decrease compared to previous year.
Average pay of disclosed executives at Avnet
William J. Amelio, Chief Executive Officer, received $7.7M in total, which decreased by 9% compared to 2019. 60% of Amelio's compensation, or $4.6M, was in stock awards. Amelio also received $192K of change in pension value and nonqualified deferred compensation earnings, $748K in non-equity incentive plan, $1.1M in option awards, $1M in salary, as well as $44K in other compensation.
For fiscal year 2020, the median employee pay was $53,540 at Avnet. Therefore, the ratio of William J. Amelio's pay to the median employee pay was 144 to one.
Michael J. O'Neill, General Counsel, received a compensation package of $2.5M. 38% of the compensation package, or $969K, was in other compensation.
Thomas Liguori, Chief Financial Officer, earned $2.3M in 2020, a 6% increase compared to previous year.
Transformation Philip R. Gallagher, Chief Executive Officer, received $2.2M in 2020, which decreases by 7% compared to 2019.
Components MaryAnn G. Miller, Chief Administrative Officer, earned $2.2M in 2020, a 5% decrease compared to previous year.
Peter G. Bartolotta, President, Business, received $1.9M in 2020, which decreases by 11% compared to 2019.
Avnet's fiscal year ends on June 27.
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Source: SEC filing on October 1, 2020.