Estee Lauder Companies CEO Fabrizio Freda's 2019 pay falls 56% to $21M
Estee Lauder Companies reports 2019 executive compensation
By ExecPay News
Published: September 27, 2019
Estee Lauder Companies reported fiscal year 2019 executive compensation information on September 27, 2019.
In 2019, five executives at Estee Lauder Companies received on average a compensation package of $12M, a 31% decrease compared to previous year.
Fabrizio Freda, Chief Executive Officer, received $21M in total, which decreased by 56% compared to 2018. 36% of Freda's compensation, or $7.6M, was in stock awards. Freda also received $740K of change in pension value and nonqualified deferred compensation earnings, $7.1M in non-equity incentive plan, $3.8M in option awards, $2M in salary, as well as $174K in other compensation.
For fiscal year 2019, the median employee pay was $30,733 at Estee Lauder Companies. Therefore, the ratio of Fabrizio Freda's pay to the median employee pay was 697 to one.
Cedric Prouv, Group President, received a compensation package of $10M, which increased by 5% compared to previous year. 36% of the compensation package, or $3.7M, was in non-equity incentive plan.
William P. Lauder, Chairman, earned $9.5M in 2019, a 9% increase compared to previous year.
John Demsey, Group President, received $9.4M in 2019, which decreases by 11% compared to 2018.
Tracey T. Travis, Chief Financial Officer, earned $7.5M in 2019, a 7% increase compared to previous year.
Estee Lauder Companies' fiscal year ends on June 30.