Marathon Oil CEO Clarence Cazalot's 2012 pay falls 50% to $16M
Marathon Oil reports 2012 executive compensation
By ExecPay News
Published: March 6, 2013
Marathon Oil reported fiscal year 2012 executive compensation information on March 6, 2013.
In 2012, six executives at Marathon Oil received on average a compensation package of $6.3M, a 43% decrease compared to previous year.
Average pay of disclosed executives at Marathon Oil
Clarence P. Cazalot, Jr, Chief Executive Officer, received $16M in total, which decreased by 50% compared to 2011. 35% of Cazalot's compensation, or $5.5M, was in option awards. Cazalot also received $3M in bonus, $2.6M of change in pension value and nonqualified deferred compensation earnings, $2.8M in non-equity incentive plan, $1.4M in salary, as well as $317K in other compensation.
Public Policy D. E. Roberts, Jr, Chief Operating Officer, received a compensation package of $8.4M, which decreased by 15% compared to previous year. 57% of the compensation package, or $4.8M, was in other compensation.
Janet F. Clark, Chief Financial Officer, earned $4.3M in 2012, a 46% decrease compared to previous year.
Sylvia J. Kerrigan, General Counsel, received $3.8M in 2012, which increases by 23% compared to 2011.
Michael K. Stewart, VP Accounting & Finance, Controller & Treasurer, earned $3.4M in 2012.
Eileen M. Campbell, Vice President,, received $2.3M in 2012, which decreases by 23% compared to 2011.
Related executives
Sylvia Kerrigan
Marathon Oil
General Counsel
Clarence Cazalot
Marathon Oil
Chief Executive Officer
Janet Clark
Marathon Oil
Chief Financial Officer
Michael Stewart
Marathon Oil
VP Accounting & Finance, Controller & Treasurer
Eileen Campbell
Marathon Oil
Vice President,
Public Roberts
Marathon Oil
Chief Operating Officer
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Source: SEC filing on March 6, 2013.