Best Buy Co. CEO Hubert Joly's 2019 pay rises 4% to $17M
Best Buy Co. reports 2019 executive compensation
By ExecPay News
Published: May 1, 2019
Best Buy Co. reported fiscal year 2019 executive compensation information on May 1, 2019.
In 2019, six executives at Best Buy Co. received on average a compensation package of $7.4M, a 1% decrease compared to previous year.
Average pay of disclosed executives at Best Buy Co.
Hubert Joly, Chief Executive Officer, received $17M in total, which increased by 4% compared to 2018. 54% of Joly's compensation, or $9.4M, was in stock awards. Joly also received $4.2M in non-equity incentive plan, $2.3M in option awards, $1.3M in salary, as well as $207K in other compensation.
For fiscal year 2019, the median employee pay was $28,500 at Best Buy Co.. Therefore, the ratio of Hubert Joly's pay to the median employee pay was 610 to one.
Shari L. Ballard, President, Multi-Channel Retail Former, received a compensation package of $6.7M, which increased by 8% compared to previous year. 53% of the compensation package, or $3.5M, was in stock awards.
R. Michael Mohan, Chief Operating Officer, earned $6.7M in 2019, a 7% increase compared to previous year.
Corie S. Barry, Chief Financial Officer, received $5.9M in 2019, which increases by 22% compared to 2018.
Kamy Scarlett, Chief Human Resources Officer, earned $4.2M in 2019.
Keith J. Nelsen, General Counsel, received $3.7M in 2019, which increases by 1% compared to 2018.
Best Buy Co.'s fiscal year ends on February 1.
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Source: SEC filing on May 1, 2019.