National Oilwell Varco CEO Merrill Miller's 2009 pay falls 28% to $7M
National Oilwell Varco reports 2009 executive compensation
By ExecPay News
Published: April 1, 2010
National Oilwell Varco reported fiscal year 2009 executive compensation information on April 1, 2010.
In 2009, five executives at National Oilwell Varco received on average a compensation package of $3M, a 22% decrease compared to previous year.
Average pay of disclosed executives at National Oilwell Varco
Merrill A Miller, Jr, Chief Executive Officer, received $7M in total, which decreased by 28% compared to 2008. 39% of Miller's compensation, or $2.7M, was in stock awards. Miller also received $437K in bonus, $618K in non-equity incentive plan, $2.4M in option awards, $823K in salary, as well as $38K in other compensation.
Clay C. Williams, Chief Financial Officer, received a compensation package of $2.8M, which decreased by 24% compared to previous year. 30% of the compensation package, or $831K, was in stock awards.
Mark A. Reese, Group President, earned $2.3M in 2009, a 6% increase compared to previous year.
Dwight W. Rettig, General Counsel, received $1.7M in 2009, which decreases by 22% compared to 2008.
Robert W. Blanchard, Chief Accounting Officer, earned $1.4M in 2009, a 23% decrease compared to previous year.
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Source: SEC filing on April 1, 2010.