JOANN CEO Wade Miquelon's 2022 pay falls 35% to $2.4M
JOANN reports 2022 executive compensation
By ExecPay News
Published: May 11, 2022
JOANN reported fiscal year 2022 executive compensation information on May 11, 2022.
In 2022, five JOANN executives received on average a compensation package of $1.2M, a 35% decrease compared to previous year.
Average pay of disclosed executives at JOANN
Wade Miquelon, Chief Executive Officer, received $2.4M in total, which decreased by 35% compared to 2021. 38% of Miquelon's compensation, or $933K, was in option awards. Miquelon also received $206K in bonus, $825K in salary, $464K in stock awards, as well as $3.8K in other compensation.
For fiscal year 2022, the median employee pay was $9,020 at JOANN. Therefore, the ratio of Wade Miquelon's pay to the median employee pay was 270 to one.
Matt Susz, Chief Financial Officer, received a compensation package of $914K, which decreased by 36% compared to previous year. 52% of the compensation package, or $473K, was in salary.
Christopher DiTullio, Executive Vice President, Chief Customer Officer, earned $892K in 2022, a 35% decrease compared to previous year.
Robert Will, Executive Vice President, Chief Merchandising Officer, received $887K in 2022, which decreases by 34% compared to 2021.
Janet Duliga, Chief Administrative Officer, earned $863K in 2022, a 37% decrease compared to previous year.
JOANN's fiscal year ends on January 29.
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Source: SEC filing on May 11, 2022.