Coca Cola CEO James Quincey's 2019 pay rises 12% to $19M
Coca Cola reports 2019 executive compensation
By ExecPay News
Published: March 5, 2020
Coca Cola reported fiscal year 2019 executive compensation information on March 5, 2020.
In 2019, six Coca Cola executives received on average a compensation package of $8.6M, a 3% increase compared to previous year.
Average pay of disclosed executives at Coca Cola
James Quincey, Chief Executive Officer, received $19M in total, which increased by 12% compared to 2018. 44% of Quincey's compensation, or $8.2M, was in stock awards. Quincey also received $700K of change in pension value and nonqualified deferred compensation earnings, $5.2M in non-equity incentive plan, $2.6M in option awards, $1.6M in salary, as well as $439K in other compensation.
For fiscal year 2019, the median employee pay was $11,285 at Coca Cola. Therefore, the ratio of James Quincey's pay to the median employee pay was 1,657 to one.
John Murphy, Chief Financial Officer, received a compensation package of $9.1M, which increased by 54% compared to previous year. 33% of the compensation package, or $3M, was in stock awards.
Brian J. Smith, Chief Operating Officer, earned $8.5M in 2019, a 71% increase compared to previous year.
Kathy N. Waller, Chief Financial Officer, received $5.7M in 2019, which decreases by 3% compared to 2018.
Manuel Arroyo, President, Asia Pacific Group, earned $5M in 2019.
James L. Dinkins, President, Coca-ColaNorth America, received $4.8M in 2019.
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Source: SEC filing on March 5, 2020.