World Fuel Services COO Michael Kasbar's 2011 pay jumps 92% to $5M
World Fuel Services reports 2011 executive compensation
By ExecPay News
Published: April 20, 2012
World Fuel Services reported fiscal year 2011 executive compensation information on April 20, 2012.
In 2011, five executives at World Fuel Services received on average a compensation package of $3.4M, a 54% increase compared to previous year.
Average pay of disclosed executives at World Fuel Services
Michael J. Kasbar, Chief Operating Officer, received $5M in total, which increased by 92% compared to 2010. 57% of Kasbar's compensation, or $2.9M, was in non-equity incentive plan. Kasbar also received $575K in salary, $1.6M in stock awards, as well as $45K in other compensation.
Paul H. Stebbins, Chief Executive Officer, received a compensation package of $5M, which increased by 92% compared to previous year. 57% of the compensation package, or $2.9M, was in non-equity incentive plan.
Michael S. Clementi, Aviation Segment President, World Fuel Services, Inc, earned $3.3M in 2011, a 10% increase compared to previous year.
Ira M. Birns, Chief Financial Officer, received $2.1M in 2011, which increases by 9% compared to 2010.
Francis X. Shea, Executive Vice President and Chief Risk Administrative Officer, earned $1.6M in 2011, a 73% increase 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 20, 2012.