Office Depot CEO Gerry Smith's 2020 pay rises 3% to $9.9M
Office Depot reports 2020 executive compensation
By ExecPay News
Published: March 12, 2021
Office Depot reported fiscal year 2020 executive compensation information on March 12, 2021.
In 2020, six executives at Office Depot received on average a compensation package of $3.6M, a 1% decrease compared to previous year.
Average pay of disclosed executives at Office Depot
Gerry P. Smith, Chief Executive Officer, received $9.9M in total, which increased by 3% compared to 2019. 76% of Smith's compensation, or $7.5M, was in stock awards. Smith also received $1.2M in option awards, $1.1M in salary, as well as $33K in other compensation.
For fiscal year 2020, the median employee pay was $31,085 at Office Depot. Therefore, the ratio of Gerry P. Smith's pay to the median employee pay was 317 to one.
D. Anthony Scaglione, Chief Financial Officer, received a compensation package of $4.2M. 74% of the compensation package, or $3.1M, was in stock awards.
N. David Bleisch, Executive Vice President, Chief Legal & Administrative Officer, earned $2.6M in 2020, a 29% increase compared to previous year.
Terry Leeper, Chief Technology Officer, received $2.3M in 2020.
John W. Gannfors, Executive Vice President, Chief Merchandising and Supply Chain Officer, earned $2M in 2020.
Joseph T. Lower, Chief Financial Officer, received $334K in 2020, which decreases by 85% compared to 2019.
Office Depot's fiscal year ends on December 28.
Related executives
Gerry Smith
Office Depot
Chief Executive Officer
D Scaglione
Office Depot
Chief Financial Officer
N Bleisch
Office Depot
Executive Vice President, Chief Legal & Administrative Officer
John Gannfors
Office Depot
Executive Vice President, Chief Merchandising and Supply Chain Officer
Terry Leeper
Office Depot
Chief Technology Officer
Joseph Lower
Office Depot
Chief Financial Officer
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Source: SEC filing on March 12, 2021.