Estee Lauder Companies CEO Fabrizio Freda's 2020 pay slips 14% to $18M
Estee Lauder Companies reports 2020 executive compensation
By ExecPay News
Published: September 24, 2020
Estee Lauder Companies reported fiscal year 2020 executive compensation information on September 24, 2020.
In 2020, five executives at Estee Lauder Companies received on average a compensation package of $10M, a 13% decrease compared to previous year.
Fabrizio Freda, Chief Executive Officer, received $18M in total, which decreased by 14% compared to 2019. 47% of Freda's compensation, or $8.8M, was in stock awards. Freda also received $773K of change in pension value and nonqualified deferred compensation earnings, $2.4M in non-equity incentive plan, $4.4M in option awards, $1.8M in salary, as well as $247K in other compensation.
For fiscal year 2020, the median employee pay was $28,879 at Estee Lauder Companies. Therefore, the ratio of Fabrizio Freda's pay to the median employee pay was 638 to one.
Tracey T. Travis, Chief Financial Officer, received a compensation package of $9M, which increased by 19% compared to previous year. 59% of the compensation package, or $5.3M, was in stock awards.
Cedric Prouv, Group President, earned $8.8M in 2020, a 14% decrease compared to previous year.
Deirdre Stanley, General Counsel, received $7.5M in 2020.
John Demsey, Group President, earned $7.1M in 2020, a 25% decrease compared to previous year.
Estee Lauder Companies' fiscal year ends on June 30.