Gates Industrial Corp plc CEO Ivo Jurek's 2020 pay falls 27% to $7.7M
Gates Industrial Corp plc reports 2020 executive compensation
By ExecPay News
Published: April 27, 2021
Gates Industrial Corp plc reported fiscal year 2020 executive compensation information on April 27, 2021.
In 2020, seven executives at Gates Industrial Corp plc received on average a compensation package of $2.7M, a 28% decrease compared to previous year.
Average pay of disclosed executives at Gates Industrial Corp plc
Ivo Jurek, Chief Executive Officer, received $7.7M in total, which decreased by 27% compared to 2019. 50% of Jurek's compensation, or $3.8M, was in stock awards. Jurek also received $1.5M in bonus, $1.2M in option awards, $1.1M in salary, as well as $85K in other compensation.
For fiscal year 2020, the median employee pay was $35,940 at Gates Industrial Corp plc. Therefore, the ratio of Ivo Jurek's pay to the median employee pay was 214 to one.
Walt Lifsey, Chief Operating Officer, received a compensation package of $3.1M, which increased by 30% compared to previous year. 37% of the compensation package, or $1.2M, was in stock awards.
Grant Gawronski, Chief Commercial Officer, earned $3.1M in 2020, a 29% increase compared to previous year.
L. Brooks Mallard, Chief Financial Officer, received $2.2M in 2020.
Roger Gaston, Chief Human Resources Officer, earned $1.6M in 2020.
David Wisniewski, Chief Financial Officer, received $966K in 2020.
David Naemura, Chief Financial Officer, earned $139K in 2020, a 94% decrease compared to previous year.
Gates Industrial Corp plc's fiscal year ends on January 2.
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Source: SEC filing on April 27, 2021.