MGE Energy CEO Gary Wolter's 2009 pay rises 4% to $1.2M
MGE Energy reports 2009 executive compensation
By ExecPay News
Published: March 23, 2011
MGE Energy reported fiscal year 2009 executive compensation information on March 23, 2011.
In 2009, seven MGE Energy executives received on average a compensation package of $629K, a 4% increase compared to previous year.
Average pay of disclosed executives at MGE Energy
Gary J. Wolter, Chief Executive Officer, received $1.2M in total, which increased by 4% compared to 2008. 40% of Wolter's compensation, or $470K, was in salary. Wolter also received $215K in bonus, $326K of change in pension value and nonqualified deferred compensation earnings, $141K in stock awards, as well as $25K in other compensation.
Kristine A. Euclide, General Counsel, received a compensation package of $588K, which increased by 7% compared to previous year. 40% of the compensation package, or $235K, was in salary.
Scott A. Neitzel, Vice President Energy Supply, earned $579K in 2009, a 9% increase compared to previous year.
James G. Bidlingmaier, Vice President - Administration and Chief Information Officer, received $527K in 2009.
Peter J. Waldron, Vice President and Operations Officer, earned $523K in 2009, a 8% increase compared to previous year.
Jeffrey C. Newman, Chief Financial Officer, received $511K in 2009, which increases by 12% compared to 2008.
Lynn K. Hobbie, Senior Vice President, earned $497K in 2009, a 5% increase compared to previous year.
Related executives
Lynn Hobbie
MGE Energy
Executive Vice President Marketing Communications
Gary Wolter
MGE Energy
Chairman
Jeffrey Newman
MGE Energy
Executive Vice President PFO
Scott Neitzel
MGE Energy
Senior Vice President
Kristine Euclide
MGE Energy
Chief Executive Officer
James Bidlingmaier
MGE Energy
Vice President - Administration and Chief Information Officer
Peter Waldron
MGE Energy
Vice President - Energy Production
You may also like
Source: SEC filing on March 23, 2011.