Meritor CEO Jeffrey Craig's 2019 pay slips 6% to $7.4M
Meritor reports 2019 executive compensation
By ExecPay News
Published: December 13, 2019
Meritor reported fiscal year 2019 executive compensation information on December 13, 2019.
In 2019, six Meritor executives received on average a compensation package of $2.8M, a 19% decrease compared to previous year.
Average pay of disclosed executives at Meritor
Jeffrey A. Craig, Chief Executive Officer, received $7.4M in total, which decreased by 6% compared to 2018. 59% of Craig's compensation, or $4.3M, was in stock awards. Craig also received $1.8M in non-equity incentive plan, $1M in salary, as well as $247K in other compensation.
Chris Villavarayan, Senior Vice President and President, Global Truck, received a compensation package of $2.5M, which increased by 19% compared to previous year. 43% of the compensation package, or $1.1M, was in stock awards.
Joseph A. Plomin, Senior Vice President and President Aftermarket & Industrial and Trailer, earned $2M in 2019, a 37% decrease compared to previous year.
Carl D. Anderson II, Chief Financial Officer, received $1.8M in 2019.
Timothy J. Heffron, Senior Vice President, Human Resources and Chief Information Officer, earned $1.7M in 2019.
Kevin A. Nowlan, Chief Financial Officer, received $1.5M in 2019, which decreases by 42% compared to 2018.
Meritor's fiscal year ends on September 30.
Related executives
Jeffrey Craig
Meritor
Chairman
Carl Anderson
Meritor
Chief Financial Officer
Chris Villavarayan
Meritor
Chief Executive Officer
Joseph Plomin
Meritor
Former Senior Vice President and President Aftermarket Industrial and Trailer
Timothy Heffron
Meritor
Senior Vice President, Human Resources and Chief Information Officer
Kevin Nowlan
Meritor
Chief Financial Officer
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Source: SEC filing on December 13, 2019.