Whirlpool CEO Marc Bitzer's 2020 pay jumps 22% to $17M
Whirlpool reports 2020 executive compensation
By ExecPay News
Published: March 5, 2021
Whirlpool reported fiscal year 2020 executive compensation information on March 5, 2021.
In 2020, six Whirlpool executives received on average a compensation package of $6.4M, a 6% increase compared to previous year.
Average pay of disclosed executives at Whirlpool
Marc R. Bitzer, Chief Executive Officer, received $17M in total, which increased by 22% compared to 2019. 38% of Bitzer's compensation, or $6.4M, was in stock awards. Bitzer also received $2M of change in pension value and nonqualified deferred compensation earnings, $4.2M in non-equity incentive plan, $3M in option awards, $1.3M in salary, as well as $173K in other compensation.
For fiscal year 2020, the median employee pay was $22,113 at Whirlpool. Therefore, the ratio of Marc R. Bitzer's pay to the median employee pay was 771 to one.
Joseph T. Liotine, Executive Vice President and President, Whirlpool North America, received a compensation package of $6.2M, which increased by 29% compared to previous year. 34% of the compensation package, or $2.1M, was in non-equity incentive plan.
James W. Peters, Chief Financial Officer, earned $5.4M in 2020, a 34% increase compared to previous year.
Shengpo Sam Wu, Executive Vice President and President Asia, received $4.5M in 2020.
Gilles Morel, Executive Vice President and President, EMEA, earned $2.9M in 2020, a 8% increase compared to previous year.
João C. Brega, Executive Vice President and President, Whirlpool Latin America, received $2.6M in 2020, which decreases by 46% compared to 2019.
Related executives
Marc Bitzer
Whirlpool
Chief Executive Officer
James Peters
Whirlpool
Chief Financial Officer
Joseph Liotine
Whirlpool
Chief Operating Officer
Gilles Morel
Whirlpool
Executive Vice President and President, EMEA
Shengpo Wu
Whirlpool
Executive Vice President and President Asia
João Brega
Whirlpool
Executive Vice President and President, Whirlpool Latin America
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Source: SEC filing on March 5, 2021.