Hanover Insurance Group CEO John Roche's 2019 pay rises 19% to $5M
Hanover Insurance Group reports 2019 executive compensation
By ExecPay News
Published: March 27, 2020
Hanover Insurance Group reported fiscal year 2019 executive compensation information on March 27, 2020.
In 2019, five executives at Hanover Insurance Group received on average a compensation package of $2.7M, a 4% decrease compared to previous year.
Average pay of disclosed executives at Hanover Insurance Group
John C. Roche, Chief Executive Officer, received $5M in total, which increased by 19% compared to 2018. 39% of Roche's compensation, or $2M, was in stock awards. Roche also received $1.4M in non-equity incentive plan, $650K in option awards, $937K in salary, as well as $85K in other compensation.
Jeffrey M. Farber, Chief Financial Officer, received a compensation package of $3M, which is about the same as previous year. 37% of the compensation package, or $1.1M, was in stock awards.
J. Kendall Huber, General Counsel, earned $2M in 2019, a 2% decrease compared to previous year.
Richard W. Lavey, EVP and President, Hanover Agency Markets, received $1.7M in 2019, which increases by 9% compared to 2018.
Bryan J. Salvatore, EVP and President, Specialty, earned $1.6M in 2019, a 10% increase compared to previous year.
Related executives
John Roche
Hanover Insurance Group
Chief Executive Officer
Jeffrey Farber
Hanover Insurance Group
Chief Financial Officer
J Huber
Hanover Insurance Group
General Counsel
Richard Lavey
Hanover Insurance Group
EVP and President, Hanover Agency Markets
Bryan Salvatore
Hanover Insurance Group
EVP and President, Specialty
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Source: SEC filing on March 27, 2020.