Thermon Group Holdings CEO Bruce Thames' 2019 pay jumps 38% to $3.1M
Thermon Group Holdings reports 2019 executive compensation
By ExecPay News
Published: June 14, 2019
Thermon Group Holdings reported fiscal year 2019 executive compensation information on June 14, 2019.
In 2019, five executives at Thermon Group Holdings received on average a compensation package of $1.3M, a 3% increase compared to previous year.
Bruce A. Thames, Chief Executive Officer, received $3.1M in total, which increased by 38% compared to 2018. 40% of Thames' compensation, or $1.2M, was in stock awards. Thames also received $1.2M in non-equity incentive plan, $618K in salary, as well as $11K in other compensation.
For fiscal year 2019, the median employee pay was $52,907 at Thermon Group Holdings. Therefore, the ratio of Bruce A. Thames' pay to the median employee pay was 59 to one.
Jay C. Peterson, Chief Financial Officer, received a compensation package of $1.2M, which increased by 30% compared to previous year. 39% of the compensation package, or $477K, was in non-equity incentive plan.
Johannes van der Salm, SVP, Global Operations, earned $1.2M in 2019, a 31% increase compared to previous year.
Eric C. Reitler, SVP, Global Sales, received $649K in 2019, which decreases by 28% compared to 2018.
Thomas N. Cerovski, SVP, Global Sales, earned $297K in 2019.
Thermon Group Holdings' fiscal year ends on March 31.