Owens-Illinois CEO Andres Lopez's 2021 pay jumps 23% to $11M
Owens-Illinois reports 2021 executive compensation
By ExecPay News
Published: March 30, 2022
Owens-Illinois reported fiscal year 2021 executive compensation information on March 30, 2022.
In 2021, five executives at Owens-Illinois received on average a compensation package of $4M, a 40% increase compared to previous year.
Average pay of disclosed executives at Owens-Illinois
Andres A. Lopez, Chief Executive Officer, received $11M in total, which increased by 23% compared to 2020. 60% of Lopez's compensation, or $6.5M, was in stock awards. Lopez also received $213K of change in pension value and nonqualified deferred compensation earnings, $2.7M in non-equity incentive plan, $1.1M in salary, as well as $313K in other compensation.
For fiscal year 2021, the median employee pay was $35,725 at Owens-Illinois. Therefore, the ratio of Andres A. Lopez's pay to the median employee pay was 302 to one.
John A. Haudrich, Chief Financial Officer, received a compensation package of $3.4M, which increased by 44% compared to previous year. 51% of the compensation package, or $1.7M, was in stock awards.
Giancarlo Currarino, Managing Director Southeast Europe, earned $2.4M in 2021, a 76% increase compared to previous year.
Darrow A. Abrahams, General Counsel, received $1.6M in 2021.
Arnaud Aujouannet, Senior Vice President and Chief Sales and Marketing Officer, earned $1.6M in 2021, a 30% increase compared to previous year.
Related executives
Andres Lopez
Owens-Illinois
Chief Executive Officer
John Haudrich
Owens-Illinois
Chief Financial Officer
Darrow Abrahams
Owens-Illinois
General Counsel
Arnaud Aujouannet
Owens-Illinois
Senior Vice President and Chief Sales and Marketing Officer
Giancarlo Currarino
Owens-Illinois
Managing Director Southeast Europe
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Source: SEC filing on March 30, 2022.