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Equilar CEO Tracker: Q2 2019 Update

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July 22, 2019

Key Findings:

  1. 42 announced CEO departures by mid-year 2019 versus 80 total departures in 2018

  2. 31% of appointed CEOs in 2019 to date are external hires versus 22% of appointed CEOs in 2018

Equilar 500 companies have announced 42 CEO departures in 2019. This compares to a total of 80 CEO departures in all of 2018. Of the 42 announced CEO departures in 2019 33 have departed within the first half of the year, leaving the remaining nine expected to depart later this year.

The average lifetime compensation for all 42 departing CEOs is $106 million with a median of $64.3 million. John Hammergren (McKesson Corp), with the longest tenure of 19 years, earned the highest total CEO lifetime pay at $800.1 million. Terry Handley (Casey’s General Stores), with tenure of three years, earned the lowest lifetime pay at $4.4 million.

Geisha Williams, the only departing female CEO of 2019, resigned from PG&E on January 22, 2019. In 2019 thus far, five women have been appointed CEO: Revathi Advaithi (Flex), Nazzic Keene (Science Applications International), Lori Ryerkerk (Celanese), Mary Winston (Bed Bath & Beyond) and Melisa Miller (Alliance Data Systems). This constitutes 14% of the total number of appointed CEOs in 2019 so far. Within the Equilar 500, female-appointed CEOs have risen from 4% in 2016 to 6% in 2018.

Overall, external appointments have increased from 15% of all appointed CEOs in 2016 to 22% of all appointed CEOs in 2018. For all announced appointments in 2019, this trend has continued with 31% of newly appointed CEOs coming from external sources.

Departures

Company Ticker Name Effective Date Gender CEO Tenure1 CEO Lifetime Pay2
Alliance Data Systems Corporation
ADS Edward Heffernan 6/5/2019 M 10.26 $111,412,588.00
Arconic Inc.
ARNC Charles Blankenship 2/6/2019 M 1.1 N/A
ARRIS International plc
ARRS Bruce McClelland 4/4/2019 M 2.6 $4,738,587.00
AutoNation, Inc.
AN Michael J. Jackson 3/11/2019 M 19.5 $92,999,585.00
Avis Budget Group, Inc.
CAR Larry De Shon N/A M N/A $14,554,605.00
Bed Bath & Beyond Inc.
BBBY Steven Temares 5/13/2019 M 16.1 $172,655,854.00
Broadridge Financial Solutions, Inc.
BR Richard J. Daly 1/2/2019 M 11.8 $145,700,039.00
Bunge Ltd
BG Soren Schroder 4/25/2019 M 5.9 $23,781,957.00
C H Robinson Worldwide Inc
CHRW John Wiehoff 5/9/2019 M 17.0 $78,326,522.00
CACI International Inc
CACI Kenneth Asbury 7/1/2019 M 6.4 $48,412,130.00
Campbell Soup Company
CPB 3Keith R. McLoughlin 1/22/2019 M 0.7 N/A
Casey's General Stores, Inc.
CASY Terry Handley 6/23/2019 M 3.14 $4,478,302.00
Celanese Corporation
CE Mark C. Rohr 5/1/2019 M 7.1 $62,711,773.00
Cognizant Technology Solutions Corp
CTSH Francisco D'Souza 4/1/2019 M 12.2 $191,432,535.00
Colgate Palmolive Co
CL Ian Cook 4/2/2019 M 11.8 $227,790,773.00
Constellation Brands, Inc.
STZ Robert Sands 3/1/2019 M 11.6 $260,531,130.00
DaVita Inc.
DVA Kent Thiry 6/1/2019 M 19.6 $353,118,972.00
DTE Energy Company
DTE Gerard Anderson 7/1/2019 M 8.75 $110,546,248.00
DuPont de Nemours, Inc.
DD Edward Breen 6/1/2019 M 1.75 $16,444,605.00
Everest Re Group Ltd
RE Dominic J. Addesso 12/31/2019 M 6.0 $25,071,400.00
Flex Ltd.
FLEX Michael McNamara 2/5/2019 M 13.1 $158,248,544.00
Fluor Corporation
FLR David Seaton 5/1/2019 M 8.2 $66,015,926.00
GameStop Corp.
GME Shane Kim 4/15/2019 M 1.0 N/A
Gilead Sciences, Inc.
GILD 3Gregg H. Alton 2/28/2019 M 0.2 N/A
Laboratory Corporation of America Holdings
LH David King 10/31/2019 M 12.8 $170,395,571.00
McKesson Corp
MCK John H. Hammergren 3/31/2019 M 19.7 $800,101,224.00
Metlife Inc
MET Steven A. Kandarian 4/30/2019 M 8.0 $71,057,833.00
Newell
NWL Michael Polk 6/30/2019 M 8.0 $100,388,081.00
Newmont Mining Corporation
NEM Gary Goldberg Q4 2019 M N/A $35,951,589.00
Nordstrom Inc
JWN Blake Nordstrom 1/2/2019 M 18.4 $55,451,590.00
Old Republic International Corporation
ORI Aldo Zucaro 10/1/2019 M 29.7 $15,980,435.00
Owens & Minor Inc
OMI Robert Sledd 3/4/2019 M 0.3 N/A
Owens Corning
OC Michael H. Thaman 4/18/2019 M 11.4 $114,320,653.00
PACCAR Inc.
PCAR Ronald Armstrong 6/30/2019 M N/A $31,763,667.00
PG&E Corp
PCG Geisha J. Williams 1/13/2019 F 1.9 $4,538,174.00
Pilgrim's Pride Corporation
PPC William W. Lovette 3/22/2019 M 8.2 $36,505,700.00
Rite Aid Corporation
RAD John Standley N/A M N/A $78,606,510.00
Science Applications International Corp
SAIC Anthony J Moraco 7/31/2019 M 5.8 $28,967,286.00
The Kraft Heinz Company
KHC Bernado Hees 6/30/2019 M 4.0 $7,775,678.00
WEC Energy Group, Inc.
WEC Gale E. Klappa 2/1/2019 M 1.1 N/A
WellCare Health Plans, Inc.
WCG Kenneth Burdick N/A M N/A $38,041,496.00
Wells Fargo & Company
WFC Tim Sloan 3/28/2019 M 2.5 $57,495,492.00

1Calulated as the earlier of the effective date or March 31, 2019
2Compensation data collected since 2006
3Interim Chief Executive Officer

Successors

Company Ticker Successor Gender Internal Previous Role
Alliance Data Systems Corporation
ADS Melisa A. Miller F Y President, Alliance Data Card Services
Arconic Inc.
ARNC John C. Plant M N Chairman of the Board
ARRIS International plc
ARRS N/A N/A N/A N/A
AutoNation, Inc.
AN Carl C. Liebert M N Executive Vice President and Chief Operating Officer, United States Automobile Association
Avis Budget Group, Inc.
CAR N/A N/A N/A N/A
Bed Bath & Beyond Inc.
BBBY 3Mary Winston F Y Board Member
Broadridge Financial Solutions, Inc.
BR Timothy C. Gokey M Y President and Chief Operating Officer
Bunge Ltd
BG Gregory A. Heckman M N Board Member
C H Robinson Worldwide Inc
CHRW Robert Biesterfeld M Y Chief Operating Officer
CACI International Inc
CACI John Mengucci M Y Chief Operating Officer
Campbell Soup Company
CPB Mark A. Clouse M N Chief Executive Officer, Pinnacle Foods, Inc.
Casey's General Stores, Inc.
CASY Darren M Rebelez M N President of IHOP Restaurants
Celanese Corporation
CE Lori J. Ryerkerk F N Executive Vice President, Global Manufacturing Royal Dutch Shell
Cognizant Technology Solutions Corp
CTSH Brian Humphries M N CEO, Vodafone Business
Colgate Palmolive Co
CL Noel R. Wallace M Y President and Chief Operating Officer
Constellation Brands, Inc.
STZ William A. Newlands M Y President and COO
DaVita Inc.
DVA Javier J. Rodriguez M Y Chief Executive Officer of DaVita Kidney Care
DTE Energy Company
DTE Gerardo Norcia M Y President and Chief Operating Officer
DuPont de Nemours, Inc.
DD C. Mark Doyle M Y Chief Operating Officer for Specialty Products Division
Everest Re Group Ltd
RE N/A N/A N/A N/A
Flex Ltd.
FLEX Revathi Advaithi F N President and Chief Operating Officer, Eaton Corporation Plc.
Fluor Corporation
FLR 3Carlos Hernandez M Y Senior Vice President, Chief Legal Officer and Secretary
GameStop Corp.
GME George Sherman M N Chief Executive Officer, Victra
Gilead Sciences, Inc.
GILD Daniel P. O’Day M N Chief Executive Officer, Roche Pharmaceuticals
Laboratory Corporation of America Holdings
LH Adam H. Schechter M Y Lead Independent Director
McKesson Corp
MCK Brian S. Tyler M Y President and Chief Operating Officer
Metlife Inc
MET Michel A. Khalaf M Y President, U.S. Business and President, Europe, the Middle East, and Africa
Newell
NWL 3Christopher Peterson M Y Executive Vice President and Chief Operating Officer
Newmont Mining Corporation
NEM Thomas Palmer M Y President and COO
Nordstrom Inc
JWN Erik Nordstrom M N Co-President and Director
Owens & Minor Inc
ORI 3Edward A. Pesicka M N Chief Commercial Officer and Senior Vice President, Thermo Fisher Scientific Inc.
Owens Corning
OC Brian D. Chambers M Y President and Chief Operating Officer
PACCAR Inc.
PCAR Preston Freight M Y Executive Vice President of Paccar Inc.
PG&E Corp
PCG William D. Johnson M N President and Chief Executive Officer, Tennessee Valley Authority
Pilgrim's Pride Corporation
PPC Jayson Penn M Y President, U.S.
Rite Aid Corporation
RAD N/A N/A N/A N/A
Science Applications International Corp
SAIC Nazzic S. Keene F Y COO
The Kraft Heinz Company
KHC Miguel Patricio M N Chief of Special Global Projects-Marketing, Anheuser-Busch
WEC Energy Group, Inc.
WEC J. Kevin Fletcher M Y President
WellCare Health Plans, Inc.
WCG N/A N/A N/A N/A
Wells Fargo & Company
WFC C.Allen Parker M Y Senior Executive Vice President and General Counsel

3Interim Chief Executive Officer

About Equilar

Equilar is the leading provider of Board Intelligence Solutions. Its data-driven platforms, BoardEdge and Insight, provide tools for board recruiting, business development, executive compensation and shareholder engagement. Companies of all sizes, including 70% of the Fortune 500 and institutional investors representing over trillion in assets, rely on Equilar for their most important boardroom decisions. Equilar also hosts industry-leading board education symposiums, conducts comprehensive custom research services and publishes award-winning thought leadership.


Tosin Babatunde, Research Analyst at Equilar, authored this post. Please contact Amit Batish, Content Manager, at abatish@equilar.com for more information on Equilar research and data analysis.


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