Sundar PichaiSundar Pichai earned $164M in 2023
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David L. Pugh

Ex-CEO of Applied Industrial Technologies

Education

Bachelor's Degree in Business Administration

Field of Expertise

Business & Management

Born

July 15, 1942 - 82 years ago

Economy Sector

Industrials

Tenure

9 years 0 months (Oct 2002 - Oct 2011)

Previous Experience

Chairman & Chief Executive Officer of Applied Industrial Technologies, Inc.

David L. Pugh, born on July 15, 1942, is notable for leading Applied Industrial Technologies, Inc. as Chairman and CEO from 2002 until his retirement in 2011. A graduate with a Bachelor’s Degree in Business Administration, he brought a wealth...

Year

2011

Total Compensation

$2.00M

Salary

$302.09K

Board Justification

The compensation philosophy aims to attract and retain qualified executives while aligning their interests with those of shareholders, focusing on long-term performance and competitive compensation.

Bonus

$302.09K

Board Justification

A guaranteed bonus paid in lieu of participation in an incentive plan for 2012; he had previously announced his retirement and the Committee sought to induce him to remain with Applied until his successor was elected.

Other

$1.39M

Board Justification

Includes the present value of the SERP benefit and other retirement-related payouts.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were vested in 2012 as Mr. Pugh did not participate in the incentive plan due to his retirement.

Performance Metrics

The performance metrics for the annual incentive plan were not applicable to Mr. Pugh as he was not eligible for incentive awards in 2012.