Gates Industrial Corp plc CEO Ivo Jurek's 2019 pay jumps 314% to $10M
Gates Industrial Corp plc reports 2019 executive compensation
By ExecPay News
Published: April 1, 2020
Gates Industrial Corp plc reported fiscal year 2019 executive compensation information on April 1, 2020.
In 2019, five executives at Gates Industrial Corp plc received on average a compensation package of $3.7M, a 100% increase compared to previous year.
Average pay of disclosed executives at Gates Industrial Corp plc
Ivo Jurek, Chief Executive Officer, received $10M in total, which increased by 314% compared to 2018. 57% of Jurek's compensation, or $6M, was in option awards. Jurek also received $990K in salary, $3.4M in stock awards, as well as $165K in other compensation.
For fiscal year 2019, the median employee pay was $28,679 at Gates Industrial Corp plc. Therefore, the ratio of Ivo Jurek's pay to the median employee pay was 366 to one.
Walt Lifsey, Chief Operating Officer, received a compensation package of $2.4M, which increased by 88% compared to previous year. 48% of the compensation package, or $1.2M, was in stock awards.
Grant Gawronski, Chief Commercial Officer, earned $2.4M in 2019, a 12% decrease compared to previous year.
David Naemura, Chief Financial Officer, received $2.2M in 2019, which increases by 56% compared to 2018.
Jamey Seely, General Counsel, earned $1.2M in 2019, a 15% decrease compared to previous year.
Gates Industrial Corp plc's fiscal year ends on January 2.
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Source: SEC filing on April 1, 2020.