Office Depot CEO Gerry Smith's 2019 pay rises 7% to $9.6M
Office Depot reports 2019 executive compensation
By ExecPay News
Published: March 26, 2020
Office Depot reported fiscal year 2019 executive compensation information on March 26, 2020.
In 2019, five executives at Office Depot received on average a compensation package of $3.6M, a 21% decrease compared to previous year.
Average pay of disclosed executives at Office Depot
Gerry P. Smith, Chief Executive Officer, received $9.6M in total, which increased by 7% compared to 2018. 73% of Smith's compensation, or $7M, was in stock awards. Smith also received $1.4M in non-equity incentive plan, $1.1M in salary, as well as $53K in other compensation.
For fiscal year 2019, the median employee pay was $30,745 at Office Depot. Therefore, the ratio of Gerry P. Smith's pay to the median employee pay was 312 to one.
Joseph T. Lower, Chief Financial Officer, received a compensation package of $2.2M, which decreased by 50% compared to previous year. 68% of the compensation package, or $1.5M, was in stock awards.
Stephen M. Mohan, Executive Vice President, Business Solutions Division, earned $2.1M in 2019.
N. David Bleisch, Secretary, received $2M in 2019, which decreases by 15% compared to 2018.
Jerri L. DeVard, Former Executive Vice President, Chief Customer Officer, earned $2M in 2019, a 18% decrease compared to previous year.
Office Depot's fiscal year ends on December 28.
Related executives
Gerry Smith
Office Depot
Chief Executive Officer
Joseph Lower
Office Depot
Chief Financial Officer
N Bleisch
Office Depot
Executive Vice President, Chief Legal & Administrative Officer
Jerri DeVard
Office Depot
Former Executive Vice President, Chief Customer Officer
Stephen Mohan
Office Depot
Executive Vice President, Business Solutions Division
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Source: SEC filing on March 26, 2020.