Exelixis CEO Michael Morrissey's 2019 pay falls 73% to $2.1M

Exelixis reports 2019 executive compensation

By ExecPay News

Published: April 9, 2020

Exelixis reported fiscal year 2019 executive compensation information on April 9, 2020.
In 2019, five Exelixis executives received on average a compensation package of $1.2M, a 72% decrease compared to previous year.
Average pay of disclosed executives at Exelixis
Michael M. Morrissey, Chief Executive Officer, received $2.1M in total, which decreased by 73% compared to 2018. 52% of Morrissey's compensation, or $1.1M, was in non-equity incentive plan. Morrissey also received $1M in salary and $8.5K in other compensation.
For fiscal year 2019, the median employee pay was $241,154 at Exelixis. Therefore, the ratio of Michael M. Morrissey's pay to the median employee pay was 9 to one.
Gisela M. Schwab, Chief Medical Officer, received a compensation package of $1.1M, which decreased by 69% compared to previous year. 63% of the compensation package, or $711K, was in salary.
Christopher J. Senner, Chief Financial Officer, earned $942K in 2019, a 72% decrease compared to previous year.
Jeffrey J. Hessekiel, General Counsel, received $839K in 2019, which decreases by 69% compared to 2018.
Peter Lamb, Chief Scientific Officer, earned $785K in 2019, a 75% decrease compared to previous year.
Exelixis' fiscal year ends on January 3.

Related executives

Michael Morrissey

Exelixis

Chief Executive Officer

Gisela Schwab

Exelixis

Chief Medical Officer

Christopher Senner

Exelixis

Chief Financial Officer

Jeffrey Hessekiel

Exelixis

General Counsel

Peter Lamb

Exelixis

Chief Scientific Officer

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Source: SEC filing on April 9, 2020.