Fortune 500 Proxy Statements – Which CIOs make the Most?
By: Henry L. Schuck, Co-Founder and CEO – DiscoverOrg and Rob Liander – Technologist – DiscoverOrg
Ever wondered which one of your CIO prospects are making the most money? The Chief Information Officer has become even more of an Executive level position over the last couple of years as cybersecurity and data breaches (the domain of CIOs) has caused serious financial issues for companies and has pronounced in some cases the downfall of CEOs (ie Target).
We searched the proxy materials of every Fortune 500 company to come up with the list below – unfortunately the vast majority of Fortune 500 companies do not disclose the compensation packages of their Chief Information Officers – CFOs, CEOs – every time, CIOs, CTOs, not so much.
As companies continue to emphasize cybersecurity and as consumers continue to demand that their information be protected within the companies that they do business with we expect this trend to change.
Read on for a snapshot of what each senior IT leader’s pay packages is worth, once the salaries, bonuses, stock options and perks are tallied.
**Disclaimer: Our feature provides details on pay packages for 21 senior IT executives at Fortune 500 companies, but it’s not a ranking of the highest paid CIOs and IT executives.**
Glenda Flanagan – Executive Vice President and Chief Financial Officer – Whole Foods
Buechel was promoted to Executive VP and Chief Information Officer in July 2015 after overhauling the company’s technical infrastructure and launching serveral new major platforms including Workday, One POS (the Company’s Loyalty program) and a delivery partnership with Instacart.
Prior to joining Whole Foods Market, Buechel spent 12 years at Accenture, where he was most recently managing director and partner in that company’s retail operations practice, leading the retail channels practice for North America.
This year the Whole Foods has been actively working on many projects including:
- Piloting self-service kiosks in limited stores that allow customers to use Apple iPads to order food in an effort to increase efficiency.
- An enterprise-wide technology overhaul initiative that includes the company’s supply chain systems.
- Partnering with Infor to develop a new retail management system and replace a 12 instance in-house developed ERP solution.
Ken Lamneck, President and Chief Executive Officer – Insight Enterprises
Mike joined Insight in November 2010 as Chief Information Officer. He leads the Company’s global Information Technology function.
He earned his Bachelor and Master degrees while serving in the U.S. Army.
This year the Insight Enterprises has been actively working on many projects including:
- Automation solutions to support data center operations.
- Moving hundreds of applications from Windows Server 2003 to Windows Server 2012.
- Using a software-defined data center (SDDC) environment.
- Initiatives focused on hyper-convergence and data center infrastructure management (DCIM).
- Projects focused on storage virtualization efforts.
- Redesigning the company website.
- Project related to flash storage.
William Crenshaw – Chief Executive officer – Publix Super Markets
Laurie is responsible for setting the Information Technology vision and strategy that aligns with our company business objectives and strategy. She delivers innovative IT solutions that support the Company’s business goals, position them to secure a competitive advantage, and enhance the shopping experience for their customers. The IT organization at Publix designs, develops, and supports the systems for stores, distribution centers, manufacturing plants, pharmacies, and corporate offices.
Laurie is also a member of the Lowe’s Board of Directors.
David King – Chief Executive Officer – Labcorp
Lance has served as Senior Vice President, Chief Information Officer since February 2014. Prior to that, he served as Chief Information Officer at IDEXX Laboratories, a global leader in diagnostics and IT solutions for animal health and food and water quality, from May 2007 to January 2014. Lance served as Chief Information Officer and President of Kellstrom Aerospace Defense, a fully integrated supply chain firm, from January 2000 to April 2007. He also served as Chief Information Officer of Interim Healthcare from September 1997 to January 2000.
Andrés Gluski, Executive Vice President and Chief Operating Officer – AES Corporation
Elizabeth serves as Chief Information Officer and Senior Vice President of Global Business Services. She is responsible for AES’s shared services to include IT, strategic sourcing and insurance programs. She also leads the Innovation and Technology Council for AES, and is a board member of several AES companies including Indianapolis Power & Light and Dayton Power & Light in the United States, AES Chivor in Columbia and AES Sul in Brazil.
Elizabeth is the former Senior Vice President and CIO at Alcatel-Lucent where she was responsible for the oversight and operation of the company’s information systems infrastructure, including global communications systems, corporate networks and e-business platforms. Prior to joining Alcatel-Lucent in April of 2006, she held the position of Executive Vice President and Chief Information Officer for MCI. In this position, she employed innovative approaches to create a business-focused IT organization, and developed, managed and maintained the company’s supply chain systems.
In 2015 AES completed a global collaboration initiative related to the deployment of a unified communication system, instant messaging, VoIP system, digital signage and virtual meeting rooms to support cost efficiency and CO2 emission reduction efforts.
Marvin R. Ellison – Chief Executive Officer – JCPenney
Risch joined JC Penney at the end of 2015 – her compensation only reflects what she made in the month of December – we assume that this massive compensation was tied to some kind of buyout of existing stock options or bonuses that she had to forego from Country Financial when she took over the role at JC Penney.
In her previous role as EVP and CIO at COUNTRY Financial, Risch was responsible for all aspects of consumer technologies to support the insurance and investment needs of over one million households and businesses. She was also responsible for all technology strategies and planning, as well as data security. Prior to COUNTRY Financial, Risch spent 10 years at Target Corporation in a variety of roles of increasing responsibility, including vice president of technology delivery services.
Therace and her team have been busy in 2016 working on some of the following Projects:
- Ongoing initiatives related to the development of big data infrastructure to support omnichannel initiatives for the company’s eCommerce platform.
- Implementing Oracle Retail Merchandising System (RMS) version 14.1 at the company’s Plano, TX headquarters.
- Exploring cloud strategies aimed to enable the utilization and access of data across applications on all converged systems.
- Planning to expand, build, and deploy infrastructure to enable the incorporation of desktop and mobile applications into the company’s build environment.
- Migrating and upgrade from Microsoft Windows Server 2003 to Microsoft Windows Server 2012 R2.
Ronald E. Armstrong – CEO – Paccar
Kyle Quinn joined PACCAR Information Technology Division (ITD) in 2005 as Senior Director of Applications and Global Operations. He has held progressively increasing responsibilities including his current role as PACCAR Senior Vice President and Chief Information Officer. Prior to joining PACCAR, Kyle spent 19 years with the Boeing Company in Engineering and Information Technology roles. Kyle holds a BS in Mechanical Engineering from Washington State University and an MBA from Seattle University.
Kyle and has team have been working on the following projects in 2016:
- Major software projects including business intelligence expansion, dealer self-service portal, and next generation competitive sales request system. The company is currently seeking to hire talent for these projects in the areas of IT operations, project management and business analysis.
- Development and design of SAP business warehouse (BW) solutions.
Sam Duncan – Chief Executive Officer – Supervalu
Randy Burdick is SUPERVALU’s executive vice president and chief information officer. In this role Burdick is responsible for SUPERVALU’s information technology infrastructure and personnel, and the Shared Service/Contact Center Organization. He joined the company in March 2013 and has more than 28 years of experience working in retail operations and high technology manufacturing.
Prior to joining SUPERVALU, Burdick spent the last eight years at OfficeMax serving as the executive vice president and chief information officer. While at OfficeMax, he implemented supply chain improvements that created a single supply and demand planning process for B2B & B2C businesses. He also enhanced capabilities beyond cross-channel optimization including yard management, cross docking, voice pick, real-time delivery confirmation, truckload optimization as well as route optimization.
John Wiehoff – Chief Executive Officer – CH Robinson
In January 2015 Chad changed roles from CFO to CIO. A unique role change covered by the Wall Street Journal. He was CFO and Senior Vice President for CH Robinson from December 2007 – December 2014 and chief financial officer from 1999 until December 2014. From June 1998 until December 1999, he served as corporate controller. Chad joined the company in 1990. Chad holds a Bachelor of Science degree and a Masters of Business Administration from the Carlson School of Management at the University of Minnesota.
Chad and his team have been working on the following projects in 2016:
- IT initiatives surrounding enterprise application. The company plans to evaluate solutions such as single-sign-in (SSI) and token security to support planned projects.
- Initiatives related to reporting platforms. The company is planning to evaluate solutions including Elasticsearch to support these projects.
- CH Robinson sources indicate an interest towards shipping logistics related solutions to support upcoming IT projects focused on self-service efforts. The company is expected to invest between $250,000 and $500,000 to support these initiatives.
- The company is planning efforts surrounding new applications for customer reporting, analytics, and insights.
William Plummer – Executive Vice President and Chief Financial Officer – United Rentals
Dale Asplund was promoted to senior vice president, business services in April 2011. Joining the company in 1998, he has held various senior positions that included responsibility for supply chain, fleet management and shares services. His current position also includes the company’s information technology systems. Mr. Asplund previously worked for United Waste Systems, Inc. as a divisional manager.
Thomas Richards – Chairman and Chief Executive Officer – CDW
Jon is responsible for the strategic direction of CDW’s information technology. Additionally, he holds responsibility for CDW’s distribution centers, transportation, facilities, customer relations, operational excellence and the business technology center.
He joined CDW in 2001 as the company’s vice president of information technology. He was named chief information officer and appointed to serve on the executive committee in 2002. In addition, he served as CDW’s vice president, international in charge of the strategic direction of the company’s international business focus including CDW Canada, Inc., from 2005 to 2006. He was promoted to his current role in 2009.
Jon’s team has been working on the following projects this year:
- BMC Remedy upgrade to version 9.1.
- Evaluation of analytics and insights to implement reporting for automated business intelligence to improve marketing campaign performance.
- Evaluating IBM solutions to support upcoming IT projects focused on enterprise applications.
- CDW Corporation is planning to spend up to $750,000 to support IT initiatives related to self-service. Sources indicate plans to evaluate solutions including IBM to support these projects.
- Evaluating cloud based solutions including Callidus to improve business operations.
- Procurement of hardware and software from vendors to support new network implementations and upgrades.
- Technology deployment projects related to IT telephony environments.
William H. Rogers, Jr., Chief Executive Officer – SunTrust Banks
Anil is responsible for the Enterprise Information Services (EIS) division of SunTrust, the organizational unit that provides the company’s overall technology, operations and information-related support. In this capacity, he oversees the planning, prioritization, design, development and operations of all of the bank’s applications data and infrastructure needs. In addition, Cheriyan has responsibility for the bank’s operations including contact centers, digital channel operations, payments and deposit operations.
Prior to joining SunTrust in April 2012, Cheriyan was a senior partner at IBM Global Business Services, where he served financial services industry clients and most recently led the Insurance Industry Practice.
Anil and his team have been working on many projects in 2016 including:
- Migrations of applications from physical servers to OpenStack cloud solutions.
- Evaluation of IBM solutions to support current projects related to reporting platforms. The company is planning to spend up to $3 million to support these efforts.
- Migration of enterprise applications to the cloud.
- Development of a private cloud.
- Collaboration based projects focused on Hosted Exchange.
- Evaluation of Oracle solutions related to enterprise applications and human resources (HR) management.
- IT projects focused on Internet of Things (IoT) over the following 9 months.
Jonas Prising -Chairman & CEO – ManpowerGroup
In February 2014, Ram Chandrashekar was promoted to Executive Vice President of Operational Excellence and IT and President of Asia Pacific Middle East region. In this role, Chandrashekar is charged with driving operational excellence around the world, leading the global IT evolution and growing the Asia Pacific Middle East region.
Chandrashekar was promoted to Senior Vice President of Operational Excellence and IT in November 2012. He has implemented a rigorous metric-oriented framework to drive operational excellence and worked with operations worldwide to improve performance globally. Chandrashekar continues to lead the global IT transformation to implement technologies that will help the company serve clients and candidates better and faster, and drive more value from the organization’s global IT assets.
Ram’s IT team has been working on the following initiatives this year:
- Evaluating solutions to support initiatives focused on a content management system (CMS) worth up to $250,000.
- Plans to invest up to a combined $500,000 and will begin evaluating solutions including Google Adwords in about 3 to 6 months to support projects related to digital advertising software and search engine marketing (SEM) efforts.
- Initiatives related to marketing automation and is evaluating Salesforce solutions to support these efforts.
- Projects focused on social media management software and is currently evaluating solutions such as Hootsuite to support these initiatives.
- Plans to evaluate solutions to remediate issues related to a consistent, multi-channel customer experience.
Hikmet Ersek Chief Executive Officer and President – Western Union
As Executive Vice President, Global Operations and Technology and Chief Information Officer, John “David” Thompson is responsible for building and developing the IT infrastructure to support the next generation of payment products and services. He also is responsible for maximizing efficiency, quality and customer delivery for the company’s global Agent network of more than 500,000 Agent locations in 200 countries and territories. He is based in Englewood, Colo., at Western Union’s global headquarters.
Thompson has more than 20 years of experience in the high-technology industry, most recently as Group President, Services and Support and Global CIO of Symantec Corporation. Prior to this role, he served as Symantec’s Executive Vice President and Chief Information Officer and, during his six years at the company, led an organization that offered expert solutions and support in information security, technology, availability and storage.
Bill Delaney – Chief Executive Officer – Sysco
Wayne joined Sysco in October 2012, after serving as Executive Vice President and Chief Information Officer for SUPERVALU. Prior to that, he was with Cadbury Schweppes, first serving as Senior Vice President-Information Technology and then becoming CIO in 2008. He began his career in 1981 as a management trainee at Nabisco, where he stayed for 20 years, progressing through a series of roles with increasing responsibility, including Vice President-Sales Operations, Vice President-North American Supply Chain Process and Vice President-e-Business. He left Nabisco to become president of the Principles Group, a consulting firm, where he assisted companies such as IBM, Avaya, and Johnson & Johnson with technology-enabled business transformation strategies.
Amongst many other technology projects, in 2016 Sysco began leveraging Amazon Web Services (AWS) IaaS and PaaS capabilities to support efforts towards DevOps.
Robert McHugh – Executive Vice President, Operations Support – FootLocker
Pawan joined Foot Locker in August of 2015. He oversees global IT and infrastructure, including e-commerce and retail systems development, as the company looks to better link tech to strategic initiatives. The retailer has set “ambitious goals” for financial and operational performance.
He arrived at Foot Locker from Target Corp., where he most recently was vice president of digital and market technologies and services platforms. He has a background in retail systems strategy, design and implementation, and has worked with e-commerce, mobile and retail software development.
Craig Menear President and Chief Executive Officer – Home Depot
Matt is responsible for all aspects of Home Depot’s IT infrastructure and software development, including communication networks, approximately 90 supply chain distribution centers, and retail systems across the company’s 2,200-plus stores and store support centers. Matt is also responsible for IT strategy, including the development and execution of technologies used in stores, online and in the supply chain.
When Matt joined The Home Depot in 2008, its IT capabilities were years behind other retailers of its size. Under Matt’s leadership, the company successfully built out the capabilities of an advanced retailer including store mobility, price management, auto-replenishment, global sourcing, interconnected retail, advanced analytics, and more.
These IT advances provided the knitting that has tied together enormous transformations across supply chain, merchandising, store and online systems. As part of this, Matt’s team designed and launched an industry-first proprietary mobile device we call the “First Phone,” which functions as a phone and walkie-talkie with the added functionality of mobile checkout, inventory management, product search and business analytics.
Before joining The Home Depot in 2008, Matt served as senior vice president and chief technology officer at eBay. In that role, he was responsible for product development, site operations, electronic security, product planning, platform engineering, data warehousing, trust and safety, and catalog operations for eBay Marketplaces.
This year Matt and his team at Home Depot have been working on some of the following projects:
- Home Depot has made a number of improvements to features and site functionality of the company’s digital channels to support daily digital transaction experience as well as the company’s Spring Black Friday event, an annual 11 day event aimed at encouraging Spring home renovation projects.
- Migration to Google’s cloud platform to support its technology transformation efforts which will see the retailier moving some of its data to Google’s cloud service.
- Piloting mobile GPS navigation for customers to enable them to find store item more easily.
- Working on a platform to enable a fully customized user experience for its mobile application. This initiative is expected to expand over the next two years
- Planning efforts to transition to a cloud-based big data solution amid difficulties with ever increasing backlogs of data.
- Planning to develop services using Apache Kafka and Hadoop for monitoring high volume data sets to support big data implementations.
- Planning developments surrounding technology migrations for IT applications and architecture.
- Plans related to streamlining digital sales platforms and updating digital services to support the company’s efforts to grow its online sales business and reach its internal sales goals.
Frederick W. Smith – Chief Executive Officer – FedEx
Robert is responsible for setting the technology direction of the FedEx applications, infrastructure, networks, and data centers that provide around-the-clock and around-the-globe support for FedEx product offerings. He also serves as co-CEO and CIO of FedEx Corporate Services and is a member of the five-person Executive Committee, which plans and executes the corporation’s strategic business activities.
Carter, who was born in Taiwan, earned his bachelor’s degree in computer and information science from the University of Florida and his master’s degree from the University of South Florida. He joined FedEx in 1993 and has more than 30 years of systems development and implementation experience.
Carter is a member of the First Horizon National Corp. board of directors.
Thomas Mangas – Chief Executive Officer – Starwood
Martha leads a global IT team integrated across Starwood’s nine brands and operational platforms. She is a member of Starwood’s Leadership Team.
Prior to Starwood, Poulter served as Vice President and Chief Information Officer, GE Capital, with global responsibility for IT strategy and operations, and led the 4,000-person global organization.
Her team has been working on the following projects this year:
- IT initiatives focused on enterprise applications and customer relationship management (CRM) systems over the next 3 to 6 months.
- initiatives focused on reporting platforms within the following 6 to 12 months.
- IT initiatives focused on data integration and data cleansing efforts.
- Projects surrounding real-time business intelligence efforts.
- Projects related to mobile applications.
George Scangos – Chief Executive Officer – Biogen
Adriana, also known as Andi, has been an Executive vice president of Technology, Business Solutions and Corporate Affairs at Biogen Inc. and Biogen Idec Ltd. since September 24, 2014. Ms Karaboutis oversees the information technology division, the digital health and data science teams, and the corporate affairs organization. She joined Biogen in 2014. Ms. Karaboutis served as Global Chief Information Officer of Dell Inc. since January 2012
Here are some of the projects Andi and her team have been working on in Q1 2016:
- Increased investment toward master data management, business intelligence consolidation and enterprise architecture to support a large-scale technology and business transformation efforts
- An enterprise-wide initiative to implement the software-as-a-service (SaaS)-based SAP SuccessFactors.
- A large technology and business solution transformation which is expected to involve significant investments toward infrastructure architecture and technology consolidations.
- Planning efforts related to the building of effective, flexible and evolving Internet of Things (IoT) infrastructure, DevOps capabilities, and cloud service management.
Peter D. Hancock – President and Chief Executive Officer – AIG
Philip joined AIG in September of 2014 leaving his role as Chief Information Officer at Kaiser Permanente. He has extensive experience, is a proven leader in the information technology field, and has served as Chief Information Officer at several high-profile financial services firms over the course of his 30-year career.
At AIG Philip is responsible for oversight of the company’s global information technology, including reviewing and updating technology systems and platforms, along with data management and security.
Prior to working for Kaiser Permanente, he founded Capital Sourcing Group in 2005, a company focused on providing strategic advice, and consulting services to the Fortune 500 and the Department of Homeland Security. In addition, he has served in IT leadership roles at Capital One Financial, JP Morgan Chase, Deutsche Financial Services, Bankers Trust, among other companies.
This year, Philip and his team have been working on the following initiatives:
- Ongoing initiatives related to a Microsoft Windows 7 migration project. The company in the midst of decommissioning obsolete Windows XP-based devices.
- Evaluation of solutions to support projects related to multi-factor identification.
- Planning strategies focused on the development of digital applications across web and mobile channels, including integrations with device sensors and Internet of Things (IoT) technologies.
- Evaluation of Amazon Web Services (AWS) and Microsoft Azure solutions to support initiatives focused on cloud based security efforts.