Packaging Corporation of America CEO Paul Stecko's 2008 pay rises 7% to $5.5M

Packaging Corporation of America reports 2008 executive compensation

By ExecPay News

Published: April 21, 2009

Packaging Corporation of America reported fiscal year 2008 executive compensation information on April 21, 2009.

In 2008, six executives at Packaging Corporation of America received on average a compensation package of $2.3M, which is about the same as previous year.

Average pay of disclosed executives at Packaging Corporation of America

Paul T. Stecko, Chief Executive Officer, received $5.5M in total, which increased by 7% compared to 2007. 32% of Stecko's compensation, or $1.8M, was in non-equity incentive plan. Stecko also received $1.4M of change in pension value and nonqualified deferred compensation earnings, $896K in salary, $1.3M in stock awards, as well as $170K in other compensation.

William J. Sweeney, Executive Vice President Corrugated Products Retired, received a compensation package of $2M, which increased by 7% compared to previous year. 36% of the compensation package, or $704K, was in stock awards.

Richard B. West, Chief Financial Officer, earned $1.7M in 2008, a 8% increase compared to previous year.

Mark W. Kowlzan, Chief Executive Officer, received $1.6M in 2008, which increases by 7% compared to 2007.

Containerboard Thomas A. Hassfurther, Executive Vice President Corrugated Products, earned $1.4M in 2008, a 8% increase compared to previous year.

Thomas A. Hassfurther, Executive Vice President Corrugated Products, received $1.4M in 2008.