Sundar PichaiSundar Pichai earned $164M in 2023
O

Andres Lopez

Ex-CEO of O-I Glass

Education

Not specified

Field of Expertise

Technology & Engineering - Engineering

Born

January 1, 1962 - 63 years ago

Economy Sector

Consumer Cyclical

Tenure

8 years 4 months (Jan 2016 - May 2024)

Previous Experience

Joined O-I in 1986 in Colombia, held several leadership positions including country General Manager in Peru, Vice President of Manufacturing for O-I North America, and Global Vice President of Manufacturing and Engineering.

Andres Lopez has been the CEO of O-I Glass, Inc. since 2016, bringing with him decades of experience in the glass container industry. His journey with O-I began way back in 1986, starting in Colombia. Over the years, he climbed...

Year

2023

Total Compensation

$3.67M

Salary

$1.13M

Board Justification

The compensation philosophy aims to align executive pay with company performance, peer benchmarking, and retention strategies, with a significant portion of compensation being performance-based.

Bonus

$0.00

Board Justification

No bonus was awarded for 2023.

Other

$475.49K

Board Justification

Other compensation includes life insurance premiums, personal use of company aircraft, and other benefits.

Restricted Stock

$2.06M(125.61K RSUs)

Board Justification

125,606 shares of RSUs vested in 2023, which were granted in prior years and are subject to time-based vesting.

Performance Metrics

The performance metrics for 2023 included EBIT and Free Cash Flow (FCF) for short-term incentives, and EPS and ROIC for long-term incentives.