Great Western Bancorp. CEO Ken Karels' 2019 pay falls 23% to $2.5M
Great Western Bancorp. reports 2019 executive compensation
By ExecPay News
Published: December 23, 2019
Great Western Bancorp. reported fiscal year 2019 executive compensation information on December 23, 2019.
In 2019, six executives at Great Western Bancorp. received on average a compensation package of $975K, a 30% decrease compared to previous year.
Average pay of disclosed executives at Great Western Bancorp.
Ken Karels, Chief Executive Officer, received $2.5M in total, which decreased by 23% compared to 2018. 49% of Karels' compensation, or $1.2M, was in stock awards. Karels also received $351K in non-equity incentive plan, $825K in salary, as well as $105K in other compensation.
For fiscal year 2019, the median employee pay was $48,822 at Great Western Bancorp.. Therefore, the ratio of Ken Karels' pay to the median employee pay was 51 to one.
Doug Bass, Chief Operating Officer, received a compensation package of $1.2M, which increased by 71% compared to previous year. 45% of the compensation package, or $517K, was in salary.
Peter Chapman, Chief Financial Officer, earned $931K in 2019, a 18% decrease compared to previous year.
Karlyn Knieriem, Executive Vice President and Chief Risk Officer, received $437K in 2019, which increases by 27% compared to 2018.
Michael Gough, Former Executive Vice President of the Company and Chief Credit Officer of our Bank, earned $431K in 2019, a 15% decrease compared to previous year.
Timothy Kintner, Executive Vice President of the Company and Regional President of our Bank, received $396K in 2019.
Great Western Bancorp.'s fiscal year ends on September 30.
Related executives
Ken Karels
Great Western Bancorp.
Chief Executive Officer
Peter Chapman
Great Western Bancorp.
Chief Financial Officer
Doug Bass
Great Western Bancorp.
Chief Operating Officer
Karlyn Knieriem
Great Western Bancorp.
Executive Vice President and Chief Risk Officer
Timothy Kintner
Great Western Bancorp.
Executive Vice President of the Company and Regional President of our Bank
Michael Gough
Great Western Bancorp.
Former Executive Vice President of the Company and Chief Credit Officer of our Bank
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Source: SEC filing on December 23, 2019.