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