Owens-Illinois CEO Andres Lopez's 2019 pay rises 3% to $7.8M
Owens-Illinois reports 2019 executive compensation
By ExecPay News
Published: April 1, 2020
Owens-Illinois reported fiscal year 2019 executive compensation information on April 1, 2020.
In 2019, seven executives at Owens-Illinois received on average a compensation package of $2.3M, a 17% decrease compared to previous year.
Average pay of disclosed executives at Owens-Illinois
Andres A. Lopez, Chief Executive Officer, received $7.8M in total, which increased by 3% compared to 2018. 73% of Lopez's compensation, or $5.6M, was in stock awards. Lopez also received $786K of change in pension value and nonqualified deferred compensation earnings, $1M in salary, as well as $308K in other compensation.
For fiscal year 2019, the median employee pay was $35,239 at Owens-Illinois. Therefore, the ratio of Andres A. Lopez's pay to the median employee pay was 220 to one.
Jan A. Bertsch, Chief Financial Officer, received a compensation package of $1.8M, which decreased by 30% compared to previous year. 80% of the compensation package, or $1.4M, was in stock awards.
John A. Haudrich, Chief Financial Officer, earned $1.7M in 2019.
Vitaliano Torno, President Business Operations and O-I Europe, received $1.7M in 2019, which decreases by 2% compared to 2018.
Giancarlo Currarino, Senior Vice President Chief Technology and Supply Chain Officer, earned $1.3M in 2019.
Mary Beth Wilkinson, General Counsel, received $1.2M in 2019.
Miguel I. Alvarez, President, O-I Americas, earned $1.1M in 2019, a 31% decrease compared to previous year.
Related executives
Andres Lopez
Owens-Illinois
Chief Executive Officer
John Haudrich
Owens-Illinois
Chief Financial Officer
Jan Bertsch
Owens-Illinois
Chief Financial Officer
Miguel Alvarez
Owens-Illinois
Former President, O-I Americas
Giancarlo Currarino
Owens-Illinois
Managing Director Southeast Europe
Mary Wilkinson
Owens-Illinois
General Counsel
Vitaliano Torno
Owens-Illinois
President Business Operations and O-I Europe
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Source: SEC filing on April 1, 2020.