Valvoline CEO Samuel Mitchell's 2020 pay rises 18% to $5.4M
Valvoline reports 2020 executive compensation
By ExecPay News
Published: December 17, 2020
Valvoline reported fiscal year 2020 executive compensation information on December 17, 2020.
In 2020, five Valvoline executives received on average a compensation package of $2.2M, a 7% increase compared to previous year.
Samuel J. Mitchell Jr, Chief Executive Officer, received $5.4M in total, which increased by 18% compared to 2019. 41% of Mitchell's compensation, or $2.2M, was in stock awards. Mitchell also received $1.3M in non-equity incentive plan, $719K in option awards, $986K in salary, as well as $169K in other compensation.
For fiscal year 2020, the median employee pay was $61,605 at Valvoline. Therefore, the ratio of Samuel J. Mitchell Jr's pay to the median employee pay was 88 to one.
Mary E. Meixelsperger, Chief Financial Officer, received a compensation package of $2M, which increased by 22% compared to previous year. 30% of the compensation package, or $600K, was in stock awards.
Anthony R. Puckett, Senior Vice President and President, Quick Lubes, earned $1.2M in 2020, a 32% decrease compared to previous year.
Julie M. O'Daniel, Chief Legal Officer, received $1.1M in 2020, which increases by 24% compared to 2019.
Craig A. Moughler, Senior Vice President and Chief Supply Chain Officer, earned $1M in 2020, a 13% decrease compared to previous year.
Valvoline's fiscal year ends on September 30.
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