Hanover Insurance Group CEO John Roche's 2020 pay jumps 25% to $6.2M
Hanover Insurance Group reports 2020 executive compensation
By ExecPay News
Published: March 26, 2021
Hanover Insurance Group reported fiscal year 2020 executive compensation information on March 26, 2021.
In 2020, five executives at Hanover Insurance Group received on average a compensation package of $3.1M, a 16% increase compared to previous year.
Average pay of disclosed executives at Hanover Insurance Group
John C. Roche, Chief Executive Officer, received $6.2M in total, which increased by 25% compared to 2019. 36% of Roche's compensation, or $2.2M, was in stock awards. Roche also received $2.1M in non-equity incentive plan, $751K in option awards, $1M in salary, as well as $109K in other compensation.
Jeffrey M. Farber, Chief Financial Officer, received a compensation package of $3.4M, which increased by 16% compared to previous year. 34% of the compensation package, or $1.2M, was in stock awards.
Richard W. Lavey, EVP and President, Hanover Agency Markets, earned $2M in 2020, a 18% increase compared to previous year.
Bryan J. Salvatore, EVP and President, Specialty, received $1.9M in 2020, which increases by 19% compared to 2019.
Dennis F. Kerrigan, General Counsel, earned $1.7M in 2020.
Related executives
John Roche
Hanover Insurance Group
Chief Executive Officer
Jeffrey Farber
Hanover Insurance Group
Chief Financial Officer
Richard Lavey
Hanover Insurance Group
EVP and President, Hanover Agency Markets
Bryan Salvatore
Hanover Insurance Group
EVP and President, Specialty
Dennis Kerrigan
Hanover Insurance Group
General Counsel
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Source: SEC filing on March 26, 2021.