Herb Mueller is a finance expert who became the CEO of Resources Connection, Inc. (RGP) in 2016. He holds a degree from Columbus State University and has been pivotal in reshaping the company's direction during his time. At RGP, he...

Herb Mueller is a finance expert who became the CEO of Resources Connection, Inc. (RGP) in 2016. He holds a degree from Columbus State University and has been pivotal in reshaping the company's direction during his time. At RGP, he focused on cash compensation and performance-based incentives rather than stock options. This shows a clear strategy to align executive pay with the company's performance, a philosophy he maintained throughout his tenure. In 2020, his total compensation was around $1.24 million, largely driven by a performance bonus of $836,000, indicating that he met or exceeded key performance metrics. Before joining RGP, he held various roles, contributing to his depth of experience in the finance sector. Despite a rocky exit where no bonus was awarded in 2019 due to his separation, Mueller’s approach consistently aimed at delivering results and attracting top talent. His time at RGP shows a commitment to balancing executive compensation with performance, ensuring both the company and its leadership thrive together.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Resources Connection, Inc. CEOs

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Herb Mueller

Ex-CEO of Resources Connection, Inc.

Education

Columbus State University

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Industrials

Born

January 1, 1965 - 60 years ago

CEO of Resources Connection, Inc. for

3 years 11 months (Aug 2016 - Aug 2020)

Previous Experience

Managing Director of RGP's Atlanta office, Chief Financial Officer for Delta Apparel, Inc.

Rivals

Competitors/colleagues of Herb Mueller

Holdings

See how much did Herb Mueller make over time.

Herb Mueller's holdings at Resources Connection, characterized by cash-oriented incentives, show strategic planning rather than relying on stock options. During his time as CEO, he emphasized cash compensation, with his total pay peaking at $1.24 million in 2020—a notable $836,000...

Herb Mueller's holdings at Resources Connection, characterized by cash-oriented incentives, show strategic planning rather than relying on stock options. During his time as CEO, he emphasized cash compensation, with his total pay peaking at $1.24 million in 2020—a notable $836,000 of which derived from performance bonuses linked to financial goals. This reflects a significant focus on aligning executive interests with company performance metrics. In 2019, after his separation, the fluctuations in his compensation highlighted the challenges faced, as he did not receive a bonus that year, signaling a gap in the expected incentives connected to prior performance. Overall, his holdings demonstrate a commitment to steering his financial interests in tandem with the company's broader objectives, rather than locking wealth solely into stock options.

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Herb Mueller make over time.

During his tenure as CEO from 2016 to 2020, Herb Mueller's compensation varied significantly. In 2020, his total compensation reached approximately $1.24 million. This amount reflected a salary of $400,000 and a performance-linked bonus of $836,000, which highlighted his ability to meet challenging financial goals. A critical aspect of his compensation strategy was the lack of stock options or equity grants, emphasizing cash compensation. In contrast, during his brief tenure in 2019, his earnings dipped after he left the company mid-year, resulting in no bonus awards or stock gains. Earlier, in 2018, he earned about $100,000 with no bonuses linked to performance metrics. His pay structure reflects a clear emphasis on performance with incentives tied to achieving significant objectives, showcasing a desire to align his interests with those of the company and shareholders.

Year

2020

Total Compensation

$1.24M

Salary

$400.00K

Board Justification

The compensation philosophy aims to attract and retain highly qualified executives while maintaining a strong relationship between executive pay and company performance, with a significant portion of compensation being 'at risk' and tied to performance metrics.

Bonus

$836.00K

Board Justification

The annual incentive awarded based on performance metrics achieved under the EIP, representing 111.5% of the target annual incentive opportunity.

Other

$0.00

Board Justification

No additional compensation was reported outside of salary and bonus for 2020.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2020 as the focus was on cash compensation and annual incentives.

Performance Metrics

The performance metrics for the CEO's bonus included achieving a threshold level of Adjusted EBITDA and qualitative goals set by the Compensation Committee.

Other Resources Connection, Inc. CEOs

Here are other CEOs of Resources Connection, Inc.

Donald B. Murray

Founder and Ex-CEO of Resources Connection, Inc.

July 2009 - August 2013

Kate W. Duchene

Ex-CEO of Resources Connection, Inc.

October 2016 - January 2018