Kroger CEO W McMullen's 2019 pay jumps 76% to $21M
Kroger reports 2019 executive compensation
By ExecPay News
Published: May 12, 2020
Kroger reported fiscal year 2019 executive compensation information on May 12, 2020.
In 2019, six Kroger executives received on average a compensation package of $8.7M, a 46% increase compared to previous year.
Average pay of disclosed executives at Kroger
W. Rodney McMullen, Chief Executive Officer, received $21M in total, which increased by 76% compared to 2018. 40% of McMullen's compensation, or $8.4M, was in stock awards. McMullen also received $7M of change in pension value and nonqualified deferred compensation earnings, $2M in non-equity incentive plan, $2.1M in option awards, $1.3M in salary, as well as $349K in other compensation.
For fiscal year 2019, the median employee pay was $26,790 at Kroger. Therefore, the ratio of W. Rodney McMullen's pay to the median employee pay was 789 to one.
Michael J. Donnelly, Chief Operating Officer, received a compensation package of $10M, which increased by 81% compared to previous year. 40% of the compensation package, or $4.1M, was of change in pension value and nonqualified deferred compensation earnings.
J. Michael Schlotman, Chief Financial Officer, earned $8.5M in 2019, a 47% increase compared to previous year.
Stuart W. Aitken, Senior Vice President, Alternative Business, received $4.6M in 2019, which increases by 57% compared to 2018.
Gary Millerchip, Chief Financial Officer, earned $4.1M in 2019.
Yael Cosset, Senior Vice President and Chief Information Officer, received $3.6M in 2019.
Kroger's fiscal year ends on January 30.
Related executives
W McMullen
Kroger
Chief Executive Officer
Gary Millerchip
Kroger
Chief Financial Officer
Stuart Aitken
Kroger
Senior Vice President and Chief Merchandising Marketing Officer
Yael Cosset
Kroger
Senior Vice President and Chief Information Officer
Michael Donnelly
Kroger
Chief Operating Officer
J Schlotman
Kroger
Chief Financial Officer
You may also like
Source: SEC filing on May 12, 2020.