Ribbon Communications CEO Franklin Hobbs' 2019 pay jumps 85% to $8M
Ribbon Communications reports 2019 executive compensation
By ExecPay News
Published: April 29, 2020
Ribbon Communications reported fiscal year 2019 executive compensation information on April 29, 2020.
In 2019, nine executives at Ribbon Communications received on average a compensation package of $2M, a 31% increase compared to previous year.
Average pay of disclosed executives at Ribbon Communications
Franklin Hobbs, Chief Executive Officer, received $8M in total, which increased by 85% compared to 2018. 57% of Hobbs' compensation, or $4.6M, was in stock awards. Hobbs also received $500K in salary and $2.9M in other compensation.
For fiscal year 2019, the median employee pay was $93,889 at Ribbon Communications. Therefore, the ratio of Franklin Hobbs' pay to the median employee pay was 85 to one.
David Walsh, Founder, received a compensation package of $1.9M, which increased by 233% compared to previous year. 98% of the compensation package, or $1.8M, was in other compensation.
Daryl Raiford, Chief Financial Officer, earned $1.5M in 2019, a 43% increase compared to previous year.
Steven Bruny, Chief Executive Officer, received $1.4M in 2019, which is about the same as previous year.
Anthony Scarfo, Executive Vice President and General Manager, Cloud and Edge Business Unit, earned $1.4M in 2019, a 12% decrease compared to previous year.
Michael Swade, Former Executive Vice President, Global Sales, received $1.3M in 2019, which increases by 18% compared to 2018.
Justin Ferguson, General Counsel, earned $1.1M in 2019.
Kevin Riley, Chief Executive Officer, received $946K in 2019, which increases by 1% compared to 2018.
John McCready, Executive Vice President, Chief Transformation Officer, earned $914K in 2019.
Related executives
Franklin Hobbs
Ribbon Communications
Chief Executive Officer
Steven Bruny
Ribbon Communications
Chief Executive Officer
Kevin Riley
Ribbon Communications
Chief Executive Officer
Daryl Raiford
Ribbon Communications
Chief Financial Officer
Anthony Scarfo
Ribbon Communications
Executive Vice President and General Manager, Cloud and Edge Business Unit
Justin Ferguson
Ribbon Communications
General Counsel
John McCready
Ribbon Communications
Executive Vice President, Chief Transformation Officer
Michael Swade
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Source: SEC filing on April 29, 2020.