World Fuel Services CEO Paul Stebbins' 2009 pay falls 34% to $3M
World Fuel Services reports 2009 executive compensation
By ExecPay News
Published: April 16, 2010
World Fuel Services reported fiscal year 2009 executive compensation information on April 16, 2010.
In 2009, five executives at World Fuel Services received on average a compensation package of $2M, a 31% decrease compared to previous year.
Average pay of disclosed executives at World Fuel Services
Paul H. Stebbins, Chief Executive Officer, received $3M in total, which decreased by 34% compared to 2008. 60% of Stebbins' compensation, or $1.8M, was in stock awards. Stebbins also received $581K in non-equity incentive plan, $575K in salary, as well as $39K in other compensation.
Michael J. Kasbar, Chief Operating Officer, received a compensation package of $3M, which decreased by 34% compared to previous year. 60% of the compensation package, or $1.8M, was in stock awards.
Michael S. Clementi, Aviation Segment President, World Fuel Services, Inc, earned $1.8M in 2009, a 23% decrease compared to previous year.
Ira M. Birns, Chief Financial Officer, received $1.3M in 2009, which decreases by 24% compared to 2008.
Francis X. Shea, Executive Vice President and Chief Risk Administrative Officer, earned $858K in 2009, a 32% decrease compared to previous year.
Related executives
Paul Stebbins
World Fuel Services
Chief Executive Officer
Michael Kasbar
World Fuel Services
Chief Executive Officer
Ira Birns
World Fuel Services
Chief Financial Officer
Michael Clementi
World Fuel Services
Aviation Segment President, World Fuel Services, Inc
Francis Shea
World Fuel Services
Executive Vice President and Chief Risk Administrative Officer
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Source: SEC filing on April 16, 2010.