Imation CEO Frank Russomanno's 2008 pay jumps 266% to $2.8M
Imation reports 2008 executive compensation
By ExecPay News
Published: March 24, 2009
Imation reported fiscal year 2008 executive compensation information on March 24, 2009.
In 2008, five Imation executives received on average a compensation package of $1.2M, a 53% increase compared to previous year.
Average pay of disclosed executives at Imation
Frank P. Russomanno, Chief Executive Officer, received $2.8M in total, which increased by 266% compared to 2007. 38% of Russomanno's compensation, or $1.1M, was in stock awards. Russomanno also received $350 in bonus, $90K of change in pension value and nonqualified deferred compensation earnings, $853K in option awards, $687K in salary, as well as $80K in other compensation.
Paul R. Zeller, Chief Financial Officer, received a compensation package of $1.1M, which increased by 10% compared to previous year. 35% of the compensation package, or $386K, was in salary.
John L. Sullivan, General Counsel, earned $878K in 2008, a 9% increase compared to previous year.
Jacqueline A. Chase, Former Vice President, Human Resources, received $696K in 2008, which decreases by 18% compared to 2007.
Subodh K. Kulkarni, Vice President, Global Commercial Business, R&D and Manufacturing, earned $609K in 2008, a 15% increase compared to previous year.
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Source: SEC filing on March 24, 2009.