Office Depot CEO Gerry Smith's 2021 pay rises 11% to $11M
Office Depot reports 2021 executive compensation
By ExecPay News
Published: March 17, 2022
Office Depot reported fiscal year 2021 executive compensation information on March 17, 2022.
In 2021, five executives at Office Depot received on average a compensation package of $4.3M, a 22% increase compared to previous year.
Average pay of disclosed executives at Office Depot
Gerry P. Smith, Chief Executive Officer, received $11M in total, which increased by 11% compared to 2020. 68% of Smith's compensation, or $7.5M, was in stock awards. Smith also received $2.3M in non-equity incentive plan, $1.1M in salary, as well as $34K in other compensation.
For fiscal year 2021, the median employee pay was $47,937 at Office Depot. Therefore, the ratio of Gerry P. Smith's pay to the median employee pay was 229 to one.
D. Anthony Scaglione, Chief Financial Officer, received a compensation package of $3.2M, which decreased by 23% compared to previous year. 50% of the compensation package, or $1.6M, was in stock awards.
N. David Bleisch, Executive Vice President, Chief Legal & Administrative Officer, earned $3M in 2021, a 17% increase compared to previous year.
John W. Gannfors, Executive Vice President, Chief Merchandising and Supply Chain Officer, received $2.4M in 2021, which increases by 20% compared to 2020.
Terry Leeper, Chief Technology Officer, earned $2.1M in 2021, a 11% decrease compared to previous year.
Office Depot's fiscal year ends on December 28.
Related executives
Gerry Smith
Office Depot
Chief Executive Officer
D Scaglione
Office Depot
Chief Financial Officer
N Bleisch
Office Depot
Executive Vice President, Chief Legal & Administrative Officer
John Gannfors
Office Depot
Executive Vice President, Chief Merchandising and Supply Chain Officer
Terry Leeper
Office Depot
Chief Technology Officer
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Source: SEC filing on March 17, 2022.