Meritor reports 2018 executive compensation

CEO Jeffrey A. Craig receives $7.8M

Meritor reported fiscal year 2018 executive compensation information on December 14, 2018.

In 2018, five Meritor executives received on average a compensation package of $3,444,994, a 28% increase compared to previous year.

Average pay of disclosed executives at Meritor

Jeffrey A. Craig, Chief Executive Officer, received $7,842,647 in total, which increased by 29% compared to 2017. 52.28% of Craig's compensation, or $4,099,993, was in stock awards. Craig also received $2,624,455 in non-equity incentive plan, $900,000 in salary, as well as $218,199 in other compensation.

Joseph A. Plomin, Senior Vice President and President Aftermarket, Industrial and Quality, received a compensation package of $3,134,169, which increased by 69% compared to previous year. 41.69% of the compensation package, or $1,306,509, was in other compensation.

Kevin A. Nowlan, Chief Financial Officer, earned $2,513,213 in 2018, a 19% increase compared to previous year.

Chris Villavarayan, Senior Vice President and President, Global Truck, received $2,122,231 in 2018, which increases by 23% compared to 2017.

April Miller Boise, Chief Legal Officer, earned $1,612,711 in 2018.

Meritor's fiscal year ends on September 30.