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Stephen E. Makarewicz served as the CEO and President of Ryerson Holding Corporation from 2008 until his retirement in early 2011. He led the company during a period when succession planning was in the spotlight, as he announced his intent...

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Stephen E. Makarewicz

Ex-CEO of Ryerson Holding Corporation

Sector of Economy

Industrials

CEO of Ryerson Holding Corporation for

2 years 5 months (Aug 2008 - Jan 2011)

Previous Experience

President, Chicago Division and Ryerson South

Holdings

See how much did Stephen E. Makarewicz make over time.

During his time at Ryerson, Stephen E. Makarewicz had no vested stocks or significant stock grants because the company's performance metrics were not met in key years like 2009, when he earned $529,430, primarily from salary. Interestingly, there were no...

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Compensation History

See how much did Stephen E. Makarewicz make over time.

In 2009, Stephen E. Makarewicz's compensation was significantly impacted by performance metrics that were not met. His total earnings were $529,430, with a salary of $404,750 and about $94,067 from other compensation. There were no bonuses or stock grants awarded that year, reflecting the company's decision to tie financial rewards to performance benchmarks. The following year, his compensation dropped to $350,000, showing a sharp drop as the company set stricter performance-related metrics. This approach emphasized long-term value creation and was aimed at retaining talent while facing tough market challenges. The compensation structure was designed to motivate executives to achieve financial goals, but for Makarewicz, this connected directly to the company's performance outcomes during his leadership.

Year

2010

Total Compensation

$350.00K

Salary

$350.00K

Board Justification

The company aimed to align CEO compensation with company performance and retention strategies, focusing on long-term value creation.

Bonus

$0.00

Board Justification

The CEO was not eligible for a cash bonus in 2010 due to the company's performance metrics not being met.

Other

$0.00

Board Justification

No other compensation was reported for the CEO in 2010.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2010 as no stock grants were made to the CEO during that year.

Performance Metrics

The performance metrics for determining the CEO's compensation were not met in 2010, resulting in no bonuses or stock grants.