Owens-Illinois CEO Andres Lopez's 2020 pay rises 13% to $8.8M
Owens-Illinois reports 2020 executive compensation
By ExecPay News
Published: March 31, 2021
Owens-Illinois reported fiscal year 2020 executive compensation information on March 31, 2021.
In 2020, seven executives at Owens-Illinois received on average a compensation package of $2.8M, a 21% increase compared to previous year.
Average pay of disclosed executives at Owens-Illinois
Andres A. Lopez, Chief Executive Officer, received $8.8M in total, which increased by 13% compared to 2019. 69% of Lopez's compensation, or $6.1M, was in stock awards. Lopez also received $4.6K in bonus, $706K of change in pension value and nonqualified deferred compensation earnings, $788K in non-equity incentive plan, $1.1M in salary, as well as $135K in other compensation.
For fiscal year 2020, the median employee pay was $34,582 at Owens-Illinois. Therefore, the ratio of Andres A. Lopez's pay to the median employee pay was 254 to one.
Miguel I. Alvarez, Former President, O-I Americas, received a compensation package of $2.6M, which increased by 138% compared to previous year. 68% of the compensation package, or $1.8M, was in other compensation.
John A. Haudrich, Chief Financial Officer, earned $2.3M in 2020, a 39% increase compared to previous year.
Vitaliano Torno, President Business Operations and O-I Europe, received $2.3M in 2020, which increases by 35% compared to 2019.
Giancarlo Currarino, Senior Vice President, Chief Technical Operations Officer, earned $1.3M in 2020, a 6% increase compared to previous year.
Mary Beth Wilkinson, General Counsel, received $1.3M in 2020, which increases by 9% compared to 2019.
Arnaud Aujouannet, Senior Vice President and Chief Sales and Marketing Officer, earned $1.2M in 2020.
Related executives
Andres Lopez
Owens-Illinois
Chief Executive Officer
John Haudrich
Owens-Illinois
Chief Financial Officer
Arnaud Aujouannet
Owens-Illinois
Senior Vice President and Chief Sales and Marketing Officer
Giancarlo Currarino
Owens-Illinois
Managing Director Southeast Europe
Vitaliano Torno
Owens-Illinois
President Business Operations and O-I Europe
Miguel Alvarez
Owens-Illinois
Former President, O-I Americas
Mary Wilkinson
Owens-Illinois
General Counsel
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Source: SEC filing on March 31, 2021.