Owens-Illinois CEO Andres Lopez's 2018 pay slips 7% to $7.5M
Owens-Illinois reports 2018 executive compensation
By ExecPay News
Published: April 2, 2019
Owens-Illinois reported fiscal year 2018 executive compensation information on April 2, 2019.
In 2018, six executives at Owens-Illinois received on average a compensation package of $2.8M, a 6% decrease compared to previous year.
Average pay of disclosed executives at Owens-Illinois
Andres A. Lopez, Chief Executive Officer, received $7.5M in total, which decreased by 7% compared to 2017. 67% of Lopez's compensation, or $5M, was in stock awards. Lopez also received $1.2M in non-equity incentive plan, $988K in salary, as well as $328K in other compensation.
For fiscal year 2018, the median employee pay was $41,799 at Owens-Illinois. Therefore, the ratio of Andres A. Lopez's pay to the median employee pay was 179 to one.
Jan A. Bertsch, Chief Financial Officer, received a compensation package of $2.5M, which decreased by 6% compared to previous year. 52% of the compensation package, or $1.3M, was in stock awards.
John C. Webb, Senior Vice President and Chief Human Resource Officer, earned $1.9M in 2018.
Vitaliano Torno, President, O-I Europe, received $1.7M in 2018, which decreases by 4% compared to 2017.
Sergio B. O. Galindo, Former President, O-I North America, earned $1.7M in 2018.
Miguel I. Alvarez, President, O-I Americas, received $1.6M in 2018, which decreases by 1% compared to 2017.
Related executives
Andres Lopez
Owens-Illinois
Chief Executive Officer
Jan Bertsch
Owens-Illinois
Chief Financial Officer
Miguel Alvarez
Owens-Illinois
Former President, O-I Americas
Vitaliano Torno
Owens-Illinois
President Business Operations and O-I Europe
John Webb
Owens-Illinois
Senior Vice President and Chief Human Resource Officer
Sergio Galindo
Owens-Illinois
Former President, O-I North America
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Source: SEC filing on April 2, 2019.