BorgWarner CEO Frederic Lissalde's 2021 pay jumps 79% to $18M
BorgWarner reports 2021 executive compensation
By ExecPay News
Published: March 18, 2022
BorgWarner reported fiscal year 2021 executive compensation information on March 18, 2022.
In 2021, six BorgWarner executives received on average a compensation package of $7.3M, a 82% increase compared to previous year.
Average pay of disclosed executives at BorgWarner
Frederic B. Lissalde, Chief Executive Officer, received $18M in total, which increased by 79% compared to 2020. 74% of Lissalde's compensation, or $13M, was in stock awards. Lissalde also received $2.5M in non-equity incentive plan, $1.3M in salary, as well as $815K in other compensation.
For fiscal year 2021, the median employee pay was $31,740 at BorgWarner. Therefore, the ratio of Frederic B. Lissalde's pay to the median employee pay was 554 to one.
Joseph F. Fadool, Vice President, President and General Manager, BorgWarner Emissions, Thermal and Turbo Systems, received a compensation package of $6.2M, which increased by 87% compared to previous year. 63% of the compensation package, or $3.9M, was in stock awards.
Kevin A. Nowlan, Chief Financial Officer, earned $6.1M in 2021, a 83% increase compared to previous year.
Stefan Demmerle, Vice President, President and General Manager, BorgWarner PowerDrive Systems, received $5.6M in 2021, which increases by 95% compared to 2020.
Brady D. Ericson, Vice President, President and General Manager, BorgWarner Fuel Injection Systems and Aftermarket, earned $4.1M in 2021, a 73% increase compared to previous year.
Tonit M. Calaway, Chief Administrative Officer, received $4.1M in 2021, which increases by 82% compared to 2020.
Related executives
Frederic Lissalde
BorgWarner
Chief Executive Officer
Kevin Nowlan
BorgWarner
Chief Financial Officer
Joseph Fadool
BorgWarner
Vice President, President and General Manager, BorgWarner Emissions, Thermal and Turbo Systems
Stefan Demmerle
BorgWarner
Vice President, President and General Manager, BorgWarner PowerDrive Systems
Brady Ericson
BorgWarner
Vice President, President and General Manager, BorgWarner Fuel Injection Systems and Aftermarket
Tonit Calaway
BorgWarner
Chief Administrative Officer
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Source: SEC filing on March 18, 2022.