World Fuel Services CEO Michael Kasbar's 2019 pay jumps 45% to $7.1M
World Fuel Services reports 2019 executive compensation
By ExecPay News
Published: April 9, 2020
World Fuel Services reported fiscal year 2019 executive compensation information on April 9, 2020.
In 2019, five executives at World Fuel Services received on average a compensation package of $3.5M, a 40% increase compared to previous year.
Average pay of disclosed executives at World Fuel Services
Michael J. Kasbar, Chief Executive Officer, received $7.1M in total, which increased by 45% compared to 2018. 34% of Kasbar's compensation, or $2.4M, was in non-equity incentive plan. Kasbar also received $5.6K of change in pension value and nonqualified deferred compensation earnings, $2M in option awards, $900K in salary, $1.8M in stock awards, as well as $38K in other compensation.
For fiscal year 2019, the median employee pay was $59,716 at World Fuel Services. Therefore, the ratio of Michael J. Kasbar's pay to the median employee pay was 119 to one.
Jeffrey P. Smith, Chief Operating Officer, received a compensation package of $2.8M, which increased by 46% compared to previous year. 33% of the compensation package, or $930K, was in non-equity incentive plan.
Ira M. Birns, Chief Financial Officer, earned $2.8M in 2019, a 47% increase compared to previous year.
John P. Rau, Executive Vice President, Global Aviation and Marine, received $2.7M in 2019, which increases by 31% compared to 2018.
Michael J. Crosby, Executive Vice President, Global Land, earned $2.2M in 2019, a 23% increase compared to previous year.
Related executives
Michael Kasbar
World Fuel Services
Chief Executive Officer
Ira Birns
World Fuel Services
Chief Financial Officer
Jeffrey Smith
World Fuel Services
Chief Operating Officer
Michael Crosby
World Fuel Services
Former Executive Vice President, Global Land
John Rau
World Fuel Services
Executive Vice President, Global Aviation, Land and Marine
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Source: SEC filing on April 9, 2020.