Heidrick & Struggles International CEO L Kelly's 2008 pay falls 22% to $2.5M

Heidrick & Struggles International reports 2008 executive compensation

By ExecPay News

Published: April 20, 2009

Heidrick & Struggles International reported fiscal year 2008 executive compensation information on April 20, 2009.

In 2008, eight executives at Heidrick & Struggles International received on average a compensation package of $1.4M, a 23% decrease compared to previous year.

Average pay of disclosed executives at Heidrick & Struggles International

L. Kevin Kelly, Chief Executive Officer, received $2.5M in total, which decreased by 22% compared to 2007. 34% of Kelly's compensation, or $840K, was in salary. Kelly also received $426K in non-equity incentive plan, $587K in option awards, $630K in stock awards, as well as $15K in other compensation.

Valerie E. Germain, Managing Partner, Strategic Partners, received a compensation package of $1.9M, which increased by 32% compared to previous year. 56% of the compensation package, or $1.1M, was in non-equity incentive plan.

Eileen A. Kamerick, Chief Financial Officer, earned $1.7M in 2008, a 18% decrease compared to previous year.

Charles G. Davis, Managing Partner, Global Practices, received $1.6M in 2008, which increases by 15% compared to 2007.

David C. Peters, Regional Managing Partner, EMEA, earned $1.3M in 2008, which is about the same as previous year.

Robert L. Hines, Managing Partner, Global Operations, received $960K in 2008.

K. Steven Blake, General Counsel, earned $895K in 2008.

Scott J. Krenz, Chief Financial Officer, received $634K in 2008.