Eric J. Foss was the CEO of Aramark from April 6, 2015, until August 25, 2019. During his tenure, he helped steer the company through significant growth, leading to a total compensation reaching upwards of $16 million in 2019. Foss's...

Eric J. Foss was the CEO of Aramark from April 6, 2015, until August 25, 2019. During his tenure, he helped steer the company through significant growth, leading to a total compensation reaching upwards of $16 million in 2019. Foss's salary varied only slightly over the years, but he was awarded substantial stock options that reflected the company's performance, aligning executive pay with company success. Notably, Foss had a vested interest in the company's performance metrics, with investments tied to earnings per share and revenue targets. His ability to influence these outcomes resulted in bonuses tied to Aramark's financial achievements. Eric's commitment to performance-driven results was evident in the structured incentive programs he helped establish. He departed from the company with a solid retirement package, including two years of salary as compensation. His period at Aramark was marked by a focus on aligning executive performance with shareholder interests, which resonated in robust financial results for the company.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Aramark CEOs

A

Eric J. Foss

Ex-CEO of Aramark

Sector of Economy

Industrials

Born

July 30, 2024 - 0 years ago

CEO of Aramark for

4 years 4 months (Apr 2015 - Aug 2019)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Eric J. Foss

Holdings

See how much did Eric J. Foss make over time.

As CEO, Eric J. Foss had a significant stake in Aramark’s performance through his holdings. His stock value peaked at approximately $99 million in January 2020, showcasing his strong alignment with the company's success. However, this value fluctuated throughout his...

As CEO, Eric J. Foss had a significant stake in Aramark’s performance through his holdings. His stock value peaked at approximately $99 million in January 2020, showcasing his strong alignment with the company's success. However, this value fluctuated throughout his tenure, dipping to around $60 million by March 2020 amid market changes. His holdings included performance stock units that vested based on the success of Aramark's earnings per share, reflecting his direct financial interest in driving company performance. By the time he left, the value of his holdings indicated a robust relationship between his leadership actions and the company’s market performance.

Total Stock Sold

$31.49M

PEP

$31.07M

498,844 PEP shares

UDR

$417.00K

12,000 UDR shares

What if they kept their stock?

If Eric J. Foss didn't sell their stock, today they would have:
Extra PEP498,844 shares worth $65.29M and UDR12,000 shares worth $462.72K.
This is 108.85% and $34.27M more than what they got when they sold the stock.

Charitable Transactions

ARMK

16,425 shares

ARMK

Recent Charitable Transactions

ARMK

16,425 shares

ARMK

Aug 30, 2018

Charity

Insider Trading

See recent insider trades of Eric J. Foss.

CI

539 shares

CI

Apr 24, 2024

Received

CI

765 shares

CI

Apr 26, 2023

Received

CI

757 shares

CI

Apr 27, 2022

Received

CI

199 shares

CI

Feb 28, 2022

Received

CI

247 shares

CI

Nov 30, 2021

Received

CI

224 shares

CI

Aug 31, 2021

Received

CI

183 shares

CI

May 28, 2021

Received

CI

226 shares

CI

Feb 26, 2021

Received

CI

227 shares

CI

Nov 30, 2020

Received

CI

267 shares

CI

Aug 31, 2020

Received

Compensation History

See how much did Eric J. Foss make over time.

Foss's compensation as CEO of Aramark included substantial bonuses and stock options, illustrating a focus on performance-based payment. In 2019, his total compensation was about $16.9 million, primarily driven by a base salary of around $1.7 million alongside stock awards valued at over $8.4 million. His pay structure was designed to motivate performance, with no bonuses awarded in years where financial objectives were not met. Interestingly, he did not earn a bonus in 2018 due to failure to meet performance metrics, highlighting how closely his pay was tied to company outcomes. This approach was aimed at attracting and retaining top talent while ensuring that executives had a vested interest in the company's long-term success.

Year

2019

Total Compensation

$10.42M

Salary

$1.70M

Board Justification

The compensation philosophy is designed to align executive pay with performance, focusing on attracting and retaining key talent while rewarding achievement of the company's strategic goals.

Bonus

$0.00

Board Justification

No bonus was paid out for 2019 as the annual incentive payout was based solely on financial objectives, resulting in a payout of 86.4% of target due to performance metrics.

Other

$317.39K

Board Justification

This includes various perquisites such as car allowance, insurance premiums, and other benefits.

Restricted Stock

$8.40M(8.4M RSU)

Board Justification

The value of the vested stock includes performance stock units that vested at 162% of target based on cumulative adjusted EPS performance for the FY 2017 - FY 2019 performance period.

Performance Metrics

The performance metrics for 2019 included Adjusted Operating Income, Adjusted Revenue, and Free Cash Flow, with individual performance objectives contributing to the overall incentive payout.

Other Aramark CEOs

Here are other CEOs of Aramark

John Zillmer

CEO of Aramark

August 2019 - Present