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Robert P. Ingle was not just a CEO; he was the founder of Ingles Markets, a major grocery store chain, starting the company in 1965 and leading it until his passing in 2011. Born in 1933, he played a crucial...

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Robert P. Ingle

Founder and Ex-CEO of Ingles Markets

Education

N/A

Field of Expertise

Consumer Goods & Retail - Retail

Sector of Economy

Consumer Defensive

Born

November 15, 1933 - 91 years ago

CEO of Ingles Markets for

46 years 2 months (Jan 1965 - Mar 2011)

Previous Experience

Founder of Ingles Markets

Rivals

Competitors/colleagues of Robert P. Ingle

Holdings

See how much did Robert P. Ingle make over time.

Robert P. Ingle's economic footprint in Ingles Markets was significant. Dominating the company since 1965, his leadership meant most of his wealth was tied to his ownership of the business. During his time, particularly in the early 2000s, he enjoyed...

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Insider Trading

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Compensation History

See how much did Robert P. Ingle make over time.

Robert P. Ingle's compensation during his tenure as CEO reflected the stability of Ingles Markets. His pay was primarily in cash, beginning modestly around $100,000 and rising to nearly $500,000 in 1999. Notably, there were years with no bonuses, like 2000 through 2010, signaling a conservative approach aligned with the company's performance philosophy. The focus was on retaining executive talent through straightforward salary structures rather than elaborate stock options or bonuses, which were rare. Over his years, his total compensation averaged around $170,000 annually, showcasing how he prioritized the company's sustainable growth over personal financial gain.

Year

2011

Total Compensation

$734.39K

Salary

$500.00K

Board Justification

The compensation program aims to attract, motivate, and retain top executives while aligning their interests with long-term stockholder value.

Bonus

$200.00K

Board Justification

The bonus is based on the company's performance and is subjectively determined by the CEO and approved by the Audit/Compensation Committee.

Other

$34.39K

Board Justification

Other compensation includes employer match for 401(k) plan, life insurance, and travel expenses.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2011 as the focus is on cash compensation and bonuses.

Performance Metrics

Compensation is determined based on company profitability and individual performance.

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