Exelixis CEO Michael Morrissey's 2019 pay falls 73% to $2.1M
Exelixis reports 2019 executive compensation
By ExecPay News
Published: April 9, 2020
Exelixis reported fiscal year 2019 executive compensation information on April 9, 2020.
In 2019, five Exelixis executives received on average a compensation package of $1.2M, a 72% decrease compared to previous year.
Average pay of disclosed executives at Exelixis
Michael M. Morrissey, Chief Executive Officer, received $2.1M in total, which decreased by 73% compared to 2018. 52% of Morrissey's compensation, or $1.1M, was in non-equity incentive plan. Morrissey also received $1M in salary and $8.5K in other compensation.
For fiscal year 2019, the median employee pay was $241,154 at Exelixis. Therefore, the ratio of Michael M. Morrissey's pay to the median employee pay was 9 to one.
Gisela M. Schwab, Chief Medical Officer, received a compensation package of $1.1M, which decreased by 69% compared to previous year. 63% of the compensation package, or $711K, was in salary.
Christopher J. Senner, Chief Financial Officer, earned $942K in 2019, a 72% decrease compared to previous year.
Jeffrey J. Hessekiel, General Counsel, received $839K in 2019, which decreases by 69% compared to 2018.
Peter Lamb, Chief Scientific Officer, earned $785K in 2019, a 75% decrease compared to previous year.
Exelixis' fiscal year ends on January 3.
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Source: SEC filing on April 9, 2020.