Sundar PichaiSundar Pichai earned $164M in 2023
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Augustus "Gus" Griffin

Ex-CEO of MGP Ingredients

Education

Not specified

Field of Expertise

Sales & Marketing - Marketing

Born

January 1, 1960 - 65 years ago

Economy Sector

Consumer Defensive

Tenure

5 years 9 months (Jul 2014 - May 2020)

Previous Experience

Executive Vice President of Marketing for Next Level Spirits, Brand and Business Consultant for Nelson's Green Brier Distillery, 24 years with Brown-Forman

Augustus "Gus" Griffin served as the CEO and President of MGP Ingredients Inc. from July 2014 until May 2020. Prior to joining MGP, he had a versatile career, working as the executive vice president of marketing for Next Level Spirits...

Year

2020

Total Compensation

$1.19M

Salary

$289.71K

Board Justification

The compensation philosophy aims to align executive compensation with company performance and shareholder interests, ensuring competitive pay to attract and retain talent.

Bonus

$579.42K

Board Justification

The bonus was based on the company's performance metrics for 2020, which included operating income, EBITDA, and earnings per share, with a maximum payout achieved due to exceeding performance targets.

Other

$204.79K

Board Justification

Other compensation includes health insurance premium payments, contributions to retirement plans, and other benefits.

Restricted Stock

$120.97K(120.97K RSU)

Board Justification

This amount represents the fair value of restricted stock units that vested in 2020, based on the company's performance in the previous year.

Performance Metrics

The performance metrics for determining the CEO's compensation included operating income, EBITDA, and earnings per share.