CIOs rack up millions in incentives

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A six-figure salary is just the beginning for CIOs. Cash bonuses, stock awards and executive perks can propel pay packages into the millions.

CIO salaries in the U.S. average between $153,000 and $246,750, according to Robert Half Technology. But salary is just the beginning. Cash bonuses and equity awards can propel pay packages into the millions. To find out how much CIOs at giant global companies really earn, we scoured the proxy statements of the 500 largest U.S. companies and found 26 that disclosed CIO pay. Here are the details on their pay packages, organized from lowest to highest paid. (For more details on data collection, see the last slide.)

John Tonnison
EVP and CIO, Tech Data
John Tonnison earned a 2014 pay package valued at $585,586 (Tech Data’s 2014 fiscal year ended Jan. 31). Tonnison’s compensation included his $427,680 salary, $139,291 bonus, and $18,615 in perks and other compensation. His pay is down 45% from the prior fiscal year, when he earned $1.1 million. Tonnison joined Tech Data in 2001 as vice president, e-business, and was promoted to SVP of IT in 2006. In 2010, he was named EVP and CIO.

Michael Guggemos
CIO, Insight Enterprises
Michael Guggemos, who joined tech provider Insight Enterprises as CIO in 2010, earned a pay package worth $793,564 last year. His compensation included his $346,706 salary, $62,407 bonus, stock awards valued at $375,005, and $9,446 in perks and other compensation. Compared to the prior year, the value of his 2013 compensation declined 2%.

Laurie Douglas
SVP and CIO, Publix
Laurie Douglas leads IT at Publix, the largest employee-owned supermarket chain in the U.S. Her 2013 compensation totaled $818,914, which included her $639,380 salary, $118,825 bonus, and $60,709 in perks and other compensation. Her pay rose 14% compared to the prior year, when she earned $717,196. Before joining the supermarket chain, Douglas was CIO FedEx Kinkos.

Scott Laverty
EVP and CIO, JCPenney
Scott Laverty received $987,112 in total compensation — which included his $385,985 salary, $50,000 bonus, equity awards valued at $550,002, and $1,125 in perks – from JCPenney last year. Laverty joined the retailer in late 2012, and in September of 2013 he was named CIO and EVP. In the past, Laverty was CIO at Borders.

Donald Beaver
Former SVP and CIO, PetSmart
PetSmart appointed Donald Beaver as SVP and CIO in 2005, and he held the position until April of this year. In his last full year as head of PetSmart’s IT efforts, Beaver received a pay package valued at $1.3 million. His 2013 compensation included his $411,153 salary, $279,995 bonus, equity awards valued at $586,087, and $35,562 in perks and other compensation.

Randy Carpenter
Former SVP and CIO, Omnicare
Omnicare appointed Randy Carpenter as SVP and CIO in mid-2011, and he held the position until March of this year. In his last full year as head of Omnicare’s IT efforts, Carpenter received a pay package valued at $1.4 million. His 2013 compensation included his $414,043 salary, $315,000 bonus, equity awards valued at $637,232, and $79,328 in perks and other compensation.

Dale Asplund
SVP and CIO, United Rentals
Dale Asplund has been with United Rentals since 1998, and he was promoted to senior vice president of business services in 2011 and named CIO in 2012. His 2013 compensation, valued at $1.5 million, included his $436,801 salary, $400,000 bonus, equity awards valued at $612,070 and $3,000 in perks and other compensations. Asplund’s total pay is down 35% from 2012, when he received $2.2 million.

Elizabeth Hackenson
CIO and SVP, AES Corp.
In charge of IT and business services, Elizabeth Hackenson received a $1.5 million pay package from AES Corp. last year, including her $420,000 salary, $443,000 bonus, equity awards valued at $608,732, and $24,447 in perks and other compensation. Hackenson’s total compensation is down 4% compared to a year ago.

Eduardo Conrado
SVP, Motorola Solutions
After six years as chief marketing officer at Motorola Solutions (and more than 20 years with the company), Eduardo Conrado was named SVP of marketing and IT, a role designed to fuse the marketing and IT organizations. His 2013 compensation, valued at $1.7 million, included his $424,346 salary, $486,175 bonus, equity awards valued at $716,767, and $25,813 in perks and other compensation.

 

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