American Equity Investment Life Holding Company Chairman David Noble's 2008 pay rises 6% to $587K

American Equity Investment Life Holding Company reports 2008 executive compensation

By ExecPay News

Published: April 30, 2009

American Equity Investment Life Holding Company reported fiscal year 2008 executive compensation information on April 30, 2009.

In 2008, eight executives at American Equity Investment Life Holding Company received on average a compensation package of $450K, a 23% increase compared to previous year.

Average pay of disclosed executives at American Equity Investment Life Holding Company

David J. Noble, Chairman, received $587K in total, which increased by 6% compared to 2007. 85% of Noble's compensation, or $500K, was in salary. Noble also received $87K in other compensation.

Wendy C. Waugaman, Chief Executive Officer, received a compensation package of $561K, which increased by 54% compared to previous year. 63% of the compensation package, or $355K, was in salary.

Debra J. Richardson, Secretary, earned $559K in 2008, a 53% increase compared to previous year.

John M. Matovina, Chief Financial Officer, received $442K in 2008, which increases by 54% compared to 2007.

Wendy L. Carlson, Chief Financial Officer, earned $434K in 2008, a 19% increase compared to previous year.

Kevin R. Wingert, Former President, American Equity Life, received $416K in 2008, which increases by 14% compared to 2007.

James M. Gerlach, Executive Vice President, earned $412K in 2008, a 63% increase compared to previous year.

Ronald J. Grensteiner, Vice President, received $187K in 2008.