Central Garden & Pet CEO Timothy Cofer's 2022 pay jumps 32% to $6.6M
Central Garden & Pet reports 2022 executive compensation
By ExecPay News
Published: December 28, 2022
Central Garden & Pet reported fiscal year 2022 executive compensation information on December 28, 2022.
In 2022, five executives at Central Garden & Pet received on average a compensation package of $2M, a 8% increase compared to previous year.
Average pay of disclosed executives at Central Garden & Pet
Timothy P. Cofer, Chief Executive Officer, received $6.6M in total, which increased by 32% compared to 2021. 48% of Cofer's compensation, or $3.2M, was in stock awards. Cofer also received $1M in salary and $2.4M in other compensation.
For fiscal year 2022, the median employee pay was $49,377 at Central Garden & Pet. Therefore, the ratio of Timothy P. Cofer's pay to the median employee pay was 134 to one.
John Hanson, President Pet Consumer Products, received a compensation package of $864K, which decreased by 25% compared to previous year. 59% of the compensation package, or $514K, was in salary.
John D. Walker, President Garden Consumer Products, earned $814K in 2022, a 23% decrease compared to previous year.
William E. Brown, Chairman, received $764K in 2022, which decreases by 11% compared to 2021.
Nicholas Lahanas, Chief Financial Officer, earned $739K in 2022, a 24% decrease compared to previous year.
Central Garden & Pet's fiscal year ends on September 24.
Related executives
You may also like
Source: SEC filing on December 28, 2022.