Whirlpool reports 2018 executive compensation

CEO Marc R. Bitzer receives $11.8M

Whirlpool reported fiscal year 2018 executive compensation information on March 1, 2019.

In 2018, five Whirlpool executives received on average a compensation package of $5,658,234, a 10% decrease compared to previous year.

Average pay of disclosed executives at Whirlpool

Marc R. Bitzer, Chief Executive Officer, received $11,836,275 in total, which increased by 75% compared to 2017. 36.96% of Bitzer's compensation, or $4,374,977, was in option awards. Bitzer also received $178,692 of change in pension value and nonqualified deferred compensation earnings, $1,462,500 in non-equity incentive plan, $1,250,000 in salary, $4,374,836 in stock awards, as well as $195,270 in other compensation.

For fiscal year 2018, the median employee pay was $20,485 at Whirlpool. Therefore, the ratio of Marc R. Bitzer's pay to the median employee pay was 578 to one.

Jeff M. Fettig, Chairman, received a compensation package of $8,766,632, which decreased by 45% compared to previous year. 35.93% of the compensation package, or $3,149,976, was in option awards.

James W. Peters, Chief Financial Officer, earned $2,891,586 in 2018, a 7% increase compared to previous year.

Joseph T. Liotine, Executive Vice President and President, Whirlpool North America, received $2,770,079 in 2018, which decreases by 45% compared to 2017.

João C. Brega, Executive Vice President and President, Whirlpool Latin America, earned $2,026,599 in 2018, a 54% decrease compared to previous year.