Tyco International CEO George Oliver's 2022 pay slips 5% to $15M
Tyco International reports 2022 executive compensation
By ExecPay News
Published: January 20, 2023
Tyco International reported fiscal year 2022 executive compensation information on January 20, 2023.
In 2022, six executives at Tyco International received on average a compensation package of $6.4M, a 10% increase compared to previous year.
Average pay of disclosed executives at Tyco International
George R. Oliver, Chief Executive Officer, received $15M in total, which decreased by 5% compared to 2021. 55% of Oliver's compensation, or $8.2M, was in stock awards. Oliver also received $1.9M in non-equity incentive plan, $2.7M in option awards, $1.5M in salary, as well as $505K in other compensation.
For fiscal year 2022, the median employee pay was $47,588 at Tyco International. Therefore, the ratio of George R. Oliver's pay to the median employee pay was 314 to one.
Rodney Clark, Vice President, Chief Commercial Officer, received a compensation package of $6.7M. 58% of the compensation package, or $3.9M, was in stock awards.
Jeffrey Williams, Former VP & President — Global Products, Building Technologies and Solutions, earned $5.2M in 2022, a 4% decrease compared to previous year.
Olivier Leonetti, Chief Financial Officer, received $4.3M in 2022, which decreases by 8% compared to 2021.
John Donofrio, General Counsel, earned $3.5M in 2022, a 14% decrease compared to previous year.
Ganesh Ramaswamy, Vice President & President — Global Services, received $3.5M in 2022, which decreases by 16% compared to 2021.
Tyco International's fiscal year ends on September 30.
Related executives
George Oliver
Tyco International
Chief Executive Officer
Olivier Leonetti
Tyco International
Chief Financial Officer
Rodney Clark
Tyco International
Vice President, Chief Commercial Officer
John Donofrio
Tyco International
General Counsel
Ganesh Ramaswamy
Tyco International
Vice President & President — Global Services
Jeffrey Williams
Tyco International
Former VP & President — Global Products, Building Technologies and Solutions
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Source: SEC filing on January 20, 2023.