CIOs rack up millions in incentives

A six-figure salary is just the beginning for CIOs. Cash bonuses, stock awards and executive perks can propel pay packages into the millions.

CIO pay

CIO salaries in the U.S. average between $153,000 and $246,750, according to Robert Half Technology. But salary is just the beginning. Cash bonuses and equity awards can propel pay packages into the millions. To find out how much CIOs at giant global companies really earn, we scoured the proxy statements of the 500 largest U.S. companies and found 26 that disclosed CIO pay. Here are the details on their pay packages, organized from lowest to highest paid. (For more details on data collection, see the last slide.)

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John Tonnison

John Tonnison
EVP and CIO, Tech Data

John Tonnison earned a 2014 pay package valued at $585,586 (Tech Data’s 2014 fiscal year ended Jan. 31). Tonnison’s compensation included his $427,680 salary, $139,291 bonus, and $18,615 in perks and other compensation. His pay is down 45% from the prior fiscal year, when he earned $1.1 million. Tonnison joined Tech Data in 2001 as vice president, e-business, and was promoted to SVP of IT in 2006. In 2010, he was named EVP and CIO.

Michael Guggemos

Michael Guggemos
CIO, Insight Enterprises

Michael Guggemos, who joined tech provider Insight Enterprises as CIO in 2010, earned a pay package worth $793,564 last year. His compensation included his $346,706 salary, $62,407 bonus, stock awards valued at $375,005, and $9,446 in perks and other compensation. Compared to the prior year, the value of his 2013 compensation declined 2%.

Laurie Douglas

Laurie Douglas
SVP and CIO, Publix

Laurie Douglas leads IT at Publix, the largest employee-owned supermarket chain in the U.S. Her 2013 compensation totaled $818,914, which included her $639,380 salary, $118,825 bonus, and $60,709 in perks and other compensation. Her pay rose 14% compared to the prior year, when she earned $717,196. Before joining the supermarket chain, Douglas was CIO FedEx Kinkos.

Scott Laverty

Scott Laverty
EVP and CIO, JCPenney

Scott Laverty received $987,112 in total compensation -- which included his $385,985 salary, $50,000 bonus, equity awards valued at $550,002, and $1,125 in perks – from JCPenney last year. Laverty joined the retailer in late 2012, and in September of 2013 he was named CIO and EVP. In the past, Laverty was CIO at Borders.

Donald Beaver

Donald Beaver
Former SVP and CIO, PetSmart

PetSmart appointed Donald Beaver as SVP and CIO in 2005, and he held the position until April of this year. In his last full year as head of PetSmart’s IT efforts, Beaver received a pay package valued at $1.3 million. His 2013 compensation included his $411,153 salary, $279,995 bonus, equity awards valued at $586,087, and $35,562 in perks and other compensation.

Randy Carpenter

Randy Carpenter
Former SVP and CIO, Omnicare

Omnicare appointed Randy Carpenter as SVP and CIO in mid-2011, and he held the position until March of this year. In his last full year as head of Omnicare’s IT efforts, Carpenter received a pay package valued at $1.4 million. His 2013 compensation included his $414,043 salary, $315,000 bonus, equity awards valued at $637,232, and $79,328 in perks and other compensation.

Dale Asplund

Dale Asplund
SVP and CIO, United Rentals

Dale Asplund has been with United Rentals since 1998, and he was promoted to senior vice president of business services in 2011 and named CIO in 2012. His 2013 compensation, valued at $1.5 million, included his $436,801 salary, $400,000 bonus, equity awards valued at $612,070 and $3,000 in perks and other compensations. Asplund’s total pay is down 35% from 2012, when he received $2.2 million.

Elizabeth Hackenson

Elizabeth Hackenson
CIO and SVP, AES Corp.

In charge of IT and business services, Elizabeth Hackenson received a $1.5 million pay package from AES Corp. last year, including her $420,000 salary, $443,000 bonus, equity awards valued at $608,732, and $24,447 in perks and other compensation. Hackenson’s total compensation is down 4% compared to a year ago.

Eduardo Conrado

Eduardo Conrado
SVP, Motorola Solutions

After six years as chief marketing officer at Motorola Solutions (and more than 20 years with the company), Eduardo Conrado was named SVP of marketing and IT, a role designed to fuse the marketing and IT organizations. His 2013 compensation, valued at $1.7 million, included his $424,346 salary, $486,175 bonus, equity awards valued at $716,767, and $25,813 in perks and other compensation.

Ron Griffin

Ron Griffin
SVP and CIO, AutoZone

Hired in mid-2012, Ron Griffin leads IT at AutoZone. His 2013 pay package, valued at $1.8 million, included his $407,692 salary, $364,870 in bonuses, option awards valued at $1 million, and $20,940 in perks and other compensation. The value of Griffin’s pay is down 32% compared to 2012, when he earned $2.7 million. Griffin joined AutoZone from HP. Prior to joining the auto parts retailer, Griffin held CIO roles at HP, Home Depot, and Fleming Companies.

Dan Little

Dan Little
EVP and CIO, Nordstrom

Dan Little took on the CIO role at Nordstrom in February of this year. In his prior position – chief administration officer – he was responsible for IT, operations and other support areas at the retailer. Little’s total 2013 compensation, valued at $1.8 million, included his $552,806 salary, $284,659 bonus, equity awards valued at $787,904, $196,901 attributed to a change in pension value, and $24,439 in perks and other compensation. Little’s pay is down 11% compared to 2012, when he received $2.1 million.

Dave Barnes

Dave Barnes
CIO and global business service officer, UPS

Once a part-time package loader at UPS, Dave Barnes earned a $2.2 million pay package in his ninth year as CIO of the logistics giant. Barnes’ 2013 compensation included his $454,347 salary, $156,103 bonus, equity awards valued at $1.5 million, and $16,231 in perks and other compensation. Barnes’ 2013 pay package is down 31% from the year prior, when he earned $3.1 million (the decline in compensation can be traced to a $937,023 uptick in Barnes’ pension value in 2012; last year there was no gain in pension value).

Anil Cheriyan

Anil Cheriyan
EVP and CIO, SunTrust Banks

In his first full year as EVP and CIO at SunTrust Banks, Anil Cheriyan received a $2.2 million pay package that included his $500,000 salary, $534,500 bonus, equity awards valued at $1.1 million, and $26,317 in perks and other compensation. Cheriyan’s pay is down 41% compared to 2012, when he earned $3.7 million.

David Thompson

David Thompson
EVP and CIO, Western Union

David Thompson earned a $2.2 million pay package last year in his role as CIO and EVP, global operations and technology, at Western Union. Thompson’s compensation included his $500,000 salary, $360,000 bonus, equity awards valued at $1.3 million, and $61,400 in perks and other compensation. His total pay is down 35% compared to 2012, when he received $3.4 million. Thompson joined Western Union in April 2012 as CIO and took on responsibility for IT. Seven months later, he added global operations to his responsibilities. Before joining Western Union, he held CIO roles at Symantec, Oracle and PeopleSoft.

Randy Burdick

Randy Burdick
EVP and CIO, Supervalu

Randy Burdick joined Supervalu in March 2013, and he received a pay package valued at $2.2 million in his first year with the company (Supervalu’s 2014 fiscal year ended Feb. 22, 2014). Burdick’s total compensation included his $498,462 salary, $660,980 in bonuses, equity awards valued at $1.1 million, and $35,693 in perks and other compensation. Before Supervalu, Burdick held CIO positions at OfficeMax and AMD.

Wayne Shurts

Wayne Shurts
EVP and CTO, Sysco

Wayne Shurts joined Sysco in late 2012, taking on the newly created role of EVP and CTO. Shurts’ 2013 pay, worth $2.5 million, included his $407,292 salary, $324,379 in bonuses, equity awards valued at $1.7 million, and $85,619 in perks and other compensation. Before joining the food distribution company, Shurts held CIO roles at Supervalu and Cadbury Schweppes.

Lisa Bachmann

Lisa Bachmann
EVP and COO, Big Lots

Former Big Lots CIO Lisa Bachmann was promoted to EVP, chief operating officer, in 2012. As COO, she added responsibility for store operations to her workload, which includes overseeing IT, merchandise planning and allocation, and distribution and transportation services. Bachmann’s 2013 compensation, which totaled $3 million, included her $620,385 salary, equity awards valued at $2.3 million, and $39,354 in perks and other compensation. Her total pay is up 18% compared to a year earlier, when she earned $2.5 million.

Paul Moulton

Paul Moulton
EVP and CIO, Costco

Costco’s top IT executive, Paul Moulton, netted a pay package valued at $3 million last year. Moulton’s compensation included his $602,519 salary, $51,520 bonus, stock awards valued at $2.3 million, $35,262 attributed to deferred compensation earnings, and $85,629 in perks and other extras. His 2013 pay is up 12% compared to a year earlier, when he earned $2.7 million.

Deb Butler

Deb Butler
EVP and CIO, Norfolk Southern

Deb Butler joined Norfolk Southern in 1978 in an accounting role, and today she heads the railway’s strategic planning and IT initiatives. Her 2013 pay package, worth $3.4 million, consisted of a $600,000 salary, $606,690 bonus, equity awards valued at $1.6 million, $536,539 attributed to a change in pension value and nonqualified deferred compensation earnings, and $66,959 in perks and other compensation. The value of Butler’s pay is down 26% compared to 2012, when she earned $4.6 million.

Jeff Balagna

Jeff Balagna
EVP and CIO, Sears

Jeff Balagna joined Sears as EVP and CIO in May of last year, assuming responsibility for technology and infrastructure initiatives across the company’s stores and support centers. Balagna’s 2013 compensation, worth $3.6 million, included his $526,042 salary, $1.4 million bonus, stock awards valued at $1.5 million, and $122,266 in perks and other compensation. Prior to joining Sears, Balagna held CIO roles at Eli Lilly and Medtronic.

Matt Carey

Matt Carey
EVP and CIO, The Home Depot

Matt Carey, who joined The Home Depot in 2008, oversees all aspects of the company’s IT infrastructure. He’s also responsible for IT strategy across the retailer’s 2,200 retail stores, online presence, and supply chain. Carey’s 2013 compensation, valued at $3.6 million, included his $673,077 salary, $831,350 bonus, equity awards valued at $2.1 million, and $16,696 in perks and other compensation. His pay rose 5% compared to the prior year.

Meg McCarthy

Meg McCarthy
EVP, Aetna

Meg McCarthy netted a $4.2 million pay package from Aetna last year, an increase of 4% compared to her 2012 pay. Her 2013 compensation included her $627,960 salary, $601,548 bonus, stock awards valued at $2.8 million, $5,835 in pension value gains, and $167,750 in perks and other compensation (including $147,557 for personal use of company aircraft). In her role as executive vice president of operations and technology, McCarthy (who previously served as Aetna’s CIO) oversees a wide range of activities at the healthcare provider, including clinical innovation, technology and service operations. Responsibility for process improvement, procurement and real estate services also falls under her domain.

Rob Carter

Rob Carter
EVP and CIO, FedEx

Rob Carter’s 2013 pay package, worth $4.8 million, included his $762,960 salary, $2 million bonus, equity awards valued at $1.3 million, $282,935 in pension value gains, and $409,256 in perks and other compensation. Among the perks Carter received are personal use of company aircraft ($1,956), security services and equipment ($15,562), tax preparation services ($5,700), and financial counseling services ($7,500). His “other compensation” also included a $364,509 tax reimbursement payment. Carter’s 2013 compensation is down 18% compared to 2012, when he received $5.8 million.

Martin Lippert

Martin Lippert
EVP, MetLife

Tech and operations fall under the purview of Martin Lippert, EVP of global technology and operations at MetLife. Lippert’s 2013 compensation package, worth $4.8 million, included his $618,750 salary, $1.8 million bonus, equity awards valued at $2.3 million, and $189,823 attributed to a change in pension value. Lippert oversees MetLife’s worldwide technology infrastructure along with customer sales and service, global sourcing, global procurement, corporate real estate, and business and operations management. Before joining MetLife, Lippert held dual tech/operations roles at Citigroup and Royal Bank of Canada.

Steve Van Wyk

Steve Van Wyk
EVP, PNC Financial Services Group

Steve Van Wyk earned $4.9 million in 2013 as EVP and head of technology and operations at PNC Financial Services Group. His compensation included his $490,385 salary, $2.4 million in bonuses, stock awards valued at $1.9 million, and $153,085 in perks and other extras. (Van Wyk’s bonuses included a signing bonus and compensation for bonuses forfeited at his former employer.) Van Wyk, who joined PNC in January of last year, is responsible for technology and back office operations at the bank. Prior to joining PNC, he held CIO positions at companies including ING, Morgan Stanley, and Pella Windows and Doors.

Filippo Passerini

Filippo Passerini
Group president and CIO, Procter & Gamble

Filippo Passerini joined Procter & Gamble in 1981 as a systems analyst in Italy and rose through the IT ranks, gaining experience in marketing and operations along the way. Today he is CIO and president of the company’s global business services organization -- a dual role he’s tackled since 2011. Passerini’s $5 million pay package (up 20% from the year prior) included his $837,500 salary, $834,462 bonus, equity awards valued at $2.7 million, $528,000 attributed to a change in pension value, and $66,932 in perks and other compensation.

CIO pay packages

About the data

Our feature provides details on pay packages for 26 senior IT executives at Fortune 500 companies, but it's not a ranking of the highest paid CIOs and IT executives. A public company is only obligated to report the compensation of its principal executive officer (CEO), principal financial officer (CFO), and three most highly compensated officers. If a CIO or senior IT leader ranks among a company's three most highly paid executives, his or her compensation is reported in the organization's proxy statement. A CIO might have earned a multimillion-dollar pay package, but if more than three executives at the company topped that amount, that IT leader's pay is not disclosed. There are undoubtedly higher paid IT chiefs whose compensation is not publicly reported.