DTE Energy CEO Gerardo Norcia's 2020 pay jumps 29% to $11M
DTE Energy reports 2020 executive compensation
By ExecPay News
Published: March 25, 2021
DTE Energy reported fiscal year 2020 executive compensation information on March 25, 2021.
In 2020, six DTE Energy executives received on average a compensation package of $5.4M, a 15% decrease compared to previous year.
Average pay of disclosed executives at DTE Energy
Gerardo Norcia, Chief Executive Officer, received $11M in total, which increased by 29% compared to 2019. 53% of Norcia's compensation, or $5.6M, was in stock awards. Norcia also received $892K of change in pension value and nonqualified deferred compensation earnings, $2.8M in non-equity incentive plan, $1.2M in salary, as well as $98K in other compensation.
For fiscal year 2020, the median employee pay was $158,867 at DTE Energy. Therefore, the ratio of Gerardo Norcia's pay to the median employee pay was 67 to one.
Gerard M. Anderson, Chairman, received a compensation package of $7.2M, which decreased by 41% compared to previous year. 43% of the compensation package, or $3.1M, was of change in pension value and nonqualified deferred compensation earnings.
David E. Meador, Chief Administrative Officer, earned $5.1M in 2020, a 16% increase compared to previous year.
Peter B. Oleksiak, Senior Vice President, received $4M in 2020, which decreases by 5% compared to 2019.
Trevor F. Lauer, Chief Operating Officer, earned $3.3M in 2020, a 5% increase compared to previous year.
David Ruud, Chief Financial Officer, received $2.4M in 2020.
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Source: SEC filing on March 25, 2021.