Flowers Foods CEO George Deese's 2007 pay jumps 38% to $4.5M
Flowers Foods reports 2007 executive compensation
By ExecPay News
Published: April 18, 2008
Flowers Foods reported fiscal year 2007 executive compensation information on April 18, 2008.
In 2007, six executives at Flowers Foods received on average a compensation package of $1.6M, a 24% increase compared to previous year.
Average pay of disclosed executives at Flowers Foods
George E. Deese, Chief Executive Officer, received $4.5M in total, which increased by 38% compared to 2006. 31% of Deese's compensation, or $1.4M, was in option awards. Deese also received $68K of change in pension value and nonqualified deferred compensation earnings, $906K in non-equity incentive plan, $800K in salary, $1.3M in stock awards, as well as $75K in other compensation.
Jimmy M. Woodward, Chief Financial Officer, received a compensation package of $1.3M, which increased by 23% compared to previous year. 29% of the compensation package, or $383K, was in salary.
Gene D. Lord, Chief Operating Officer, earned $1.3M in 2007, a 14% increase compared to previous year.
Allen L. Shiver, President, received $1.1M in 2007, which increases by 11% compared to 2006.
Stephen R. Avera, General Counsel, earned $971K in 2007, a 9% increase compared to previous year.
R. Steve Kinsey, Chief Financial Officer, received $512K in 2007, which increases by 11% compared to 2006.
Flowers Foods' fiscal year ends on January 1.
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Source: SEC filing on April 18, 2008.