Packaging Corporation of America Chairman Paul Stecko's 2009 pay rises 15% to $6.3M

Packaging Corporation of America reports 2009 executive compensation

By ExecPay News

Published: March 29, 2010

Packaging Corporation of America reported fiscal year 2009 executive compensation information on March 29, 2010.

In 2009, seven executives at Packaging Corporation of America received on average a compensation package of $2.2M, a 1% decrease compared to previous year.

Average pay of disclosed executives at Packaging Corporation of America

Paul T. Stecko, Chairman, received $6.3M in total, which increased by 15% compared to 2008. 36% of Stecko's compensation, or $2.3M, was of change in pension value and nonqualified deferred compensation earnings. Stecko also received $1.7M in non-equity incentive plan, $923K in salary, $1.1M in stock awards, as well as $306K in other compensation.

Mark W. Kowlzan, Chief Executive Officer, received a compensation package of $1.9M, which increased by 15% compared to previous year. 41% of the compensation package, or $775K, was in non-equity incentive plan.

William J. Sweeney, Executive Vice President Corrugated Products Retired, earned $1.7M in 2009, a 12% decrease compared to previous year.

Containerboard Thomas A. Hassfurther, Executive Vice President Corrugated Products, received $1.6M in 2009, which increases by 16% compared to 2008.

Thomas A. Hassfurther, Executive Vice President Corrugated Products, earned $1.6M in 2009, a 16% increase compared to previous year.

Richard B. West, Chief Financial Officer, received $1.6M in 2009, which decreases by 6% compared to 2008.

Thomas W.H. Walton, Senior Vice President — Sales and Marketing, Corrugated Products, earned $861K in 2009.