Greif CEO Peter Watson's 2019 pay falls 22% to $8.0M

Greif reports 2019 executive compensation

By ExecPay News

Published: January 10, 2020

Greif reported fiscal year 2019 executive compensation information on January 10, 2020.
In 2019, five Greif executives received on average a compensation package of $3.7M, a 19% decrease compared to previous year.
Average pay of disclosed executives at Greif
Peter G. Watson, Chief Executive Officer, received $8M in total, which decreased by 22% compared to 2018. 41.90% of Watson's compensation, or $3.3M, was in non-equity incentive plan. Watson also received $1.7M of change in pension value and nonqualified deferred compensation earnings, $1.1M in salary, $1.8M in stock awards, as well as $13.5K in other compensation.
For fiscal year 2019, the median employee pay was $39,538 at Greif. Therefore, the ratio of Peter G. Watson's pay to the median employee pay was 202 to one.
Gary R. Martz, General Counsel, received a compensation package of $3.4M, which decreased by 4% compared to previous year. 35.93% of the compensation package, or $1.2M, was of change in pension value and nonqualified deferred compensation earnings.
Lawrence A. Hilsheimer, Chief Financial Officer, earned $3.4M in 2019, a 26% decrease compared to previous year.
Michael Cronin, Sr. Vice President, Enterprise Strategy, Global Sourcing and Supply Chain and Greif Packaging Accessories, received $2M in 2019, which decreases by 22% compared to 2018.
Ole Rosgaard, Sr. Vice President and President Rigid Industrial Packaging & Services and Global Sustainability, earned $1.6M in 2019, a 13% decrease compared to previous year.
Greif's fiscal year ends on October 31.

Related executives

Peter Watson

Greif

Chief Executive Officer

Lawrence Hilsheimer

Greif

Chief Financial Officer

Gary Martz

Greif

General Counsel

Michael Cronin

Greif

Sr. Vice President, Enterprise Strategy, Global Sourcing and Supply Chain and Greif Packaging Accessories

Ole Rosgaard

Greif

Sr. Vice President and President Rigid Industrial Packaging & Services and Global Sustainability

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Source: SEC filing on January 10, 2020.