B&G Foods CEO Kenneth Romanzi's 2019 pay jumps 97% to $2.9M
B&G Foods reports 2019 executive compensation
By ExecPay News
Published: March 26, 2020
B&G Foods reported fiscal year 2019 executive compensation information on March 26, 2020.
In 2019, seven B&G Foods executives received on average a compensation package of $1.3M, a 1% increase compared to previous year.
Average pay of disclosed executives at B&G Foods
Kenneth G. Romanzi, Chief Executive Officer, received $2.9M in total, which increased by 97% compared to 2018. 58% of Romanzi's compensation, or $1.7M, was in stock awards. Romanzi also received $48K of change in pension value and nonqualified deferred compensation earnings, $437K in non-equity incentive plan, $718K in salary, as well as $20K in other compensation.
For fiscal year 2019, the median employee pay was $32,222 at B&G Foods. Therefore, the ratio of Kenneth G. Romanzi's pay to the median employee pay was 90 to one.
Vanessa E. Maskal, Former Executive Vice President of Sales and Marketing, received a compensation package of $1.2M, which increased by 19% compared to previous year. 67% of the compensation package, or $785K, was in other compensation.
Robert C. Cantwell, Chief Executive Officer, earned $1.1M in 2019, a 52% decrease compared to previous year.
Scott E. Lerner, General Counsel, received $1.1M in 2019, which increases by 10% compared to 2018.
Bruce C. Wacha, Chief Financial Officer, earned $934K in 2019, a 2% decrease compared to previous year.
William F. Herbes, Executive Vice President of Operations, received $889K in 2019, which increases by 3% compared to 2018.
Erich A. Fritz, Executive Vice President and Chief Supply Chain Officer, earned $826K in 2019.
B&G Foods' fiscal year ends on January 1.
Related executives
Kenneth Romanzi
B&G Foods
Chief Executive Officer
Robert Cantwell
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Chief Executive Officer
Bruce Wacha
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Chief Financial Officer
Scott Lerner
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General Counsel
Vanessa Maskal
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Former Executive Vice President of Sales and Marketing
Erich Fritz
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Executive Vice President and Chief Supply Chain Officer
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Source: SEC filing on March 26, 2020.