Nordstrom COO Kenneth Worzel's 2019 pay jumps 25% to $7.5M

Nordstrom reports 2019 executive compensation

By ExecPay News

Published: April 7, 2020

Nordstrom reported fiscal year 2019 executive compensation information on April 7, 2020.
In 2019, five Nordstrom executives received on average a compensation package of $6.1M, a 31% increase compared to previous year.
Average pay of disclosed executives at Nordstrom
Kenneth J. Worzel, Chief Operating Officer, received $7.5M in total, which increased by 25% compared to 2018. 32.01% of Worzel's compensation, or $2.4M, was in option awards. Worzel also received $1.6M of change in pension value and nonqualified deferred compensation earnings, $645.4K in non-equity incentive plan, $826.1K in salary, $2M in stock awards, as well as $37.1K in other compensation.
For fiscal year 2019, the median employee pay was $35,668 at Nordstrom. Therefore, the ratio of Kenneth J. Worzel's pay to the median employee pay was 210 to one.
Peter E. Nordstrom, President and Chief Brand Officer, received a compensation package of $7M, which increased by 57% compared to previous year. 39.87% of the compensation package, or $2.8M, was of change in pension value and nonqualified deferred compensation earnings.
Erik B. Nordstrom, Chief Executive Officer, earned $6.9M in 2019, a 54% increase compared to previous year.
Anne L. Bramman, Chief Financial Officer, received $4.8M in 2019, which decreases by 7% compared to 2018.
Edmond Mesrobian, Chief Technology Officer, earned $4.6M in 2019.
Nordstrom's fiscal year ends on January 30.

Related executives

Erik Nordstrom

Nordstrom

Chief Executive Officer

Anne Bramman

Nordstrom

Chief Financial Officer

Peter Nordstrom

Nordstrom

President and Chief Brand Officer

Kenneth Worzel

Nordstrom

Chief Operating Officer

Edmond Mesrobian

Nordstrom

Chief Technology Officer

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Source: SEC filing on April 7, 2020.