Chemours reports 2018 executive compensation

CEO Mark Vergnano receives $8.1M

Chemours reported fiscal year 2018 executive compensation information on March 14, 2019.

In 2018, five Chemours executives received on average a compensation package of $3,182,503, a 20% decrease compared to previous year.

Average pay of disclosed executives at Chemours

Mark Vergnano, Chief Executive Officer, received $8,076,729 in total, which decreased by 19% compared to 2017. 44.07% of Vergnano's compensation, or $3,559,120, was in stock awards. Vergnano also received $1,000,545 in non-equity incentive plan, $2,199,980 in option awards, $1,041,667 in salary, as well as $275,417 in other compensation.

For fiscal year 2018, the median employee pay was $106,807 at Chemours. Therefore, the ratio of Mark Vergnano's pay to the median employee pay was 76 to one.

Mark Newman, Chief Financial Officer, received a compensation package of $2,295,057, which decreased by 22% compared to previous year. 33.84% of the compensation package, or $776,569, was in stock awards.

Paul Kirsch, President, Fluoroproducts, earned $2,110,785 in 2018, a 22% decrease compared to previous year.

David Shelton, General Counsel, received $1,754,664 in 2018, which decreases by 15% compared to 2017.

Bryan Snell, President, Titanium Technologies, earned $1,675,282 in 2018, a 28% decrease compared to previous year.