CIT Group CEO Ellen Alemany's 2018 pay jumps 22% to $9M
CIT Group reports 2018 executive compensation
By ExecPay News
Published: April 4, 2019
CIT Group reported fiscal year 2018 executive compensation information on April 4, 2019.
In 2018, five CIT Group executives received on average a compensation package of $3.8M, a 18% increase compared to previous year.
Average pay of disclosed executives at CIT Group
Ellen R. Alemany, Chief Executive Officer, received $9M in total, which increased by 22% compared to 2017. 64% of Alemany's compensation, or $5.8M, was in stock awards. Alemany also received $2.1M in non-equity incentive plan, $1M in salary, as well as $86K in other compensation.
For fiscal year 2018, the median employee pay was $93,603 at CIT Group. Therefore, the ratio of Ellen R. Alemany's pay to the median employee pay was 96 to one.
John Fawcett, Chief Financial Officer, received a compensation package of $3.5M, which increased by 9% compared to previous year. 46% of the compensation package, or $1.6M, was in stock awards.
Denise Menelly, Executive Vice President and Head of Technology and Operations, earned $2.2M in 2018, a 4% increase compared to previous year.
James L. Hudak, President, Commercial Finance, received $2.2M in 2018, which decreases by 7% compared to 2017.
Steven Solk, President, Consumer Banking, earned $2.1M in 2018, a 9% decrease compared to previous year.
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Source: SEC filing on April 4, 2019.