Newmont Mining CEO Thomas Palmer's 2020 pay jumps 66% to $12M
Newmont Mining reports 2020 executive compensation
By ExecPay News
Published: March 12, 2021
Newmont Mining reported fiscal year 2020 executive compensation information on March 12, 2021.
In 2020, five executives at Newmont Mining received on average a compensation package of $6.4M, a 18% increase compared to previous year.
Average pay of disclosed executives at Newmont Mining
Thomas Palmer, Chief Executive Officer, received $12M in total, which increased by 66% compared to 2019. 63% of Palmer's compensation, or $7.7M, was in stock awards. Palmer also received $602K of change in pension value and nonqualified deferred compensation earnings, $2.5M in non-equity incentive plan, $1.2M in salary, as well as $192K in other compensation.
For fiscal year 2020, the median employee pay was $51,745 at Newmont Mining. Therefore, the ratio of Thomas Palmer's pay to the median employee pay was 236 to one.
Randy Engel, Executive Vice President, Strategic Development, received a compensation package of $5.4M, which decreased by 8% compared to previous year. 45% of the compensation package, or $2.4M, was in stock awards.
Robert Atkinson, Chief Operating Officer, earned $5.3M in 2020, a 7% increase compared to previous year.
Nancy Buese, Chief Financial Officer, received $5.2M in 2020, which increases by 7% compared to 2019.
Stephen Gottesfeld, Executive Vice President, Chief Sustainability and External Affairs Officer, earned $3.9M in 2020, a 4% decrease compared to previous year.
Related executives
Thomas Palmer
Newmont Mining
Chief Executive Officer
Nancy Buese
Newmont Mining
Chief Financial Officer
Robert Atkinson
Newmont Mining
Chief Operating Officer
Randy Engel
Newmont Mining
Executive Vice President, Strategic Development
Stephen Gottesfeld
Newmont Mining
Executive Vice President, Chief Sustainability and External Affairs Officer
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Source: SEC filing on March 12, 2021.