Meritor CEO Jeffrey Craig's 2018 pay jumps 29% to $7.8M

Meritor reports 2018 executive compensation

By ExecPay News

Published: December 14, 2018

Meritor reported fiscal year 2018 executive compensation information on December 14, 2018.
In 2018, five Meritor executives received on average a compensation package of $3.4M, a 28% increase compared to previous year.
Average pay of disclosed executives at Meritor
Jeffrey A. Craig, Chief Executive Officer, received $7.8M in total, which increased by 29% compared to 2017. 52% of Craig's compensation, or $4.1M, was in stock awards. Craig also received $2.6M in non-equity incentive plan, $900K in salary, as well as $218K in other compensation.
Joseph A. Plomin, Senior Vice President and President Aftermarket, Industrial and Quality, received a compensation package of $3.1M, which increased by 69% compared to previous year. 42% of the compensation package, or $1.3M, was in other compensation.
Kevin A. Nowlan, Chief Financial Officer, earned $2.5M in 2018, a 19% increase compared to previous year.
Chris Villavarayan, Senior Vice President and President, Global Truck, received $2.1M in 2018, which increases by 23% compared to 2017.
April Miller Boise, Chief Legal Officer, earned $1.6M in 2018.
Meritor's fiscal year ends on September 30.

Related executives

Jeffrey Craig

Meritor

Chairman

Kevin Nowlan

Meritor

Chief Financial Officer

Chris Villavarayan

Meritor

Chief Executive Officer

Joseph Plomin

Meritor

Former Senior Vice President and President Aftermarket Industrial and Trailer

April Boise

Meritor

Chief Legal Officer

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Source: SEC filing on December 14, 2018.