Commercial Vehicle Group CEO Mervin Dunn's 2009 pay rises 8% to $1.3M
Commercial Vehicle Group reports 2009 executive compensation
By ExecPay News
Published: April 2, 2010
Commercial Vehicle Group reported fiscal year 2009 executive compensation information on April 2, 2010.
In 2009, five executives at Commercial Vehicle Group received on average a compensation package of $730K, a 12% increase compared to previous year.
Average pay of disclosed executives at Commercial Vehicle Group
Mervin Dunn, Chief Executive Officer, received $1.3M in total, which increased by 8% compared to 2008. 46% of Dunn's compensation, or $583K, was in salary. Dunn also received $12K of change in pension value and nonqualified deferred compensation earnings, $525K in stock awards, as well as $140K in other compensation.
W. Gordon Boyd, President of Seating Systems, received a compensation package of $673K, which decreased by 4% compared to previous year. 61% of the compensation package, or $411K, was in salary.
Chad M. Utrup, Chief Financial Officer, earned $623K in 2009, a 14% increase compared to previous year.
Gerald L. Armstrong, President and General Manager Manager of Cab Systems, received $590K in 2009, which increases by 5% compared to 2008.
Kevin R.L. Frailey, President and General Manager of Electrical Systems, earned $504K in 2009, a 30% increase compared to previous year.
Related executives
Mervin Dunn
Commercial Vehicle Group
Chief Executive Officer
Chad Utrup
Commercial Vehicle Group
Chief Financial Officer
Gerald Armstrong
Commercial Vehicle Group
President, North & South American Markets
W Boyd
Commercial Vehicle Group
President, Indian & Australian Markets
Kevin Frailey
Commercial Vehicle Group
President and General Manager of Electrical Systems
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Source: SEC filing on April 2, 2010.