Plexus CEO Todd Kelsey's 2019 pay slips 2% to $6.5M
Plexus reports 2019 executive compensation
By ExecPay News
Published: December 9, 2019
Plexus reported fiscal year 2019 executive compensation information on December 9, 2019.
In 2019, five Plexus executives received on average a compensation package of $3M, a 3% decrease compared to previous year.
Average pay of disclosed executives at Plexus
Todd P. Kelsey, Chief Executive Officer, received $6.5M in total, which decreased by 2% compared to 2018. 53% of Kelsey's compensation, or $3.5M, was in stock awards. Kelsey also received $1.9M in non-equity incentive plan, $959K in salary, as well as $230K in other compensation.
For fiscal year 2019, the median employee pay was $13,689 at Plexus. Therefore, the ratio of Todd P. Kelsey's pay to the median employee pay was 476 to one.
Steven J. Frisch, Chief Operating Officer, received a compensation package of $2.7M, which decreased by 2% compared to previous year. 48% of the compensation package, or $1.3M, was in stock awards.
Patrick J. Jermain, Chief Financial Officer, earned $2.2M in 2019, a 4% decrease compared to previous year.
Angelo M. Ninivaggi, Chief Administrative Officer, received $1.9M in 2019, which decreases by 3% compared to 2018.
Ronnie Darroch, Executive Vice Presidentand Regional President - EMEA, earned $1.7M in 2019, a 7% decrease compared to previous year.
Plexus' fiscal year ends on September 28.
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Source: SEC filing on December 9, 2019.