Great Western Bancorp. CEO Kenneth Karels' 2018 pay rises 2% to $3.2M

Great Western Bancorp. reports 2018 executive compensation

Published: January 11, 2019

Great Western Bancorp. reported fiscal year 2018 executive compensation information on January 11, 2019.

In 2018, six executives at Great Western Bancorp. received on average a compensation package of $1.1M, a 14% decrease compared to previous year.

Average pay of disclosed executives at Great Western Bancorp.

Kenneth Karels, Chief Executive Officer, received $3.2M in total, which increased by 2% compared to 2017. 33.40% of Karels' compensation, or $1.1M, was in stock awards. Karels also received $1.1M in non-equity incentive plan, $825K in salary, as well as $254.9K in other compensation.

Peter Chapman, Chief Financial Officer, received a compensation package of $1.1M, which increased by 1% compared to previous year. 35.29% of the compensation package, or $400K, was in salary.

Doug Bass, Chief Operating Officer, earned $675.4K in 2018, a 4% decrease compared to previous year.

Stephen Ulenberg, Former Executive Vice President and CRO, received $554.3K in 2018, which decreases by 31% compared to 2017.

Michael Gough, Executive Vice President of the Company and CCO of the Bank, earned $505.2K in 2018, a 19% increase compared to previous year.

Karlyn Knieriem, Executive Vice President and CRO, received $344.3K in 2018.

Great Western Bancorp.'s fiscal year ends on September 30.