Steve Odland served as the Chairman, President, and CEO of AutoZone from 2001 until 2005. His journey in AutoZone kicked off when he joined the company in January 2001. Odland negotiated a solid employment contract, starting with a base salary...

Steve Odland served as the Chairman, President, and CEO of AutoZone from 2001 until 2005. His journey in AutoZone kicked off when he joined the company in January 2001. Odland negotiated a solid employment contract, starting with a base salary of $650,000 and a hefty signing bonus of $150,000. Notably, he was awarded stock options that could potentially lead to significant financial gain for him and show his commitment to the company's success. During the fiscal year 2002, he managed to pull in a large bonus, thanks to strong company performance metrics that focused on earnings before interest and taxes. This highlights his role in guiding the company towards better financial health. Interestingly, by the time he left the company in early 2005, he owned around 50,000 shares in AutoZone, reflecting a level of personal investment in the company. His tenure added value to AutoZone, as evidenced by the increases in metrics like Return on Invested Capital during his leadership. His resignation led to William C. Rhodes, III taking over as CEO, marking a transition but leaving a legacy of executive decision-making that contributed to the company's direction.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other AutoZone CEOs

A

Steve Odland

Ex-CEO of AutoZone

Education

Not specified

Sector of Economy

Consumer Cyclical

Born

November 30, 1959 - 65 years ago

CEO of AutoZone for

1 year 2 months (Jan 2004 - Mar 2005)

Previous Experience

Not specified

Rivals

Competitors/colleagues of Steve Odland

C

Charles Joseph Wilson

CEO of CarMax

2023 Compensation

Stock

$0.00

Salary

$643.75K

Bonus

$363.33K

Other

$0.00

Total Holdings

$1.10M

Holdings

See how much did Steve Odland make over time.

At the peak of his time at AutoZone, Steve Odland held approximately 50,000 shares, showing his investment in the company's future. When he joined, AutoZone's stock was valued at $56.73, reflecting a solid entry point for stakeholders. During his leadership,...

At the peak of his time at AutoZone, Steve Odland held approximately 50,000 shares, showing his investment in the company's future. When he joined, AutoZone's stock was valued at $56.73, reflecting a solid entry point for stakeholders. During his leadership, AutoZone's stock price saw notable increases, which directly benefited his holdings. For a period, this ownership represented a significant portion of his financial assets. Although he did not exercise stock options frequently, his financial stake demonstrated confidence in the company's trajectory. This directly corresponded with the company's efforts to improve metrics like Return on Invested Capital, making his equity in the company seem more valuable as AutoZone continued to grow. Value was added by focusing on metrics that would create long-term benefits for both the company and its stakeholders. His departure from the company marked a shift but his impact still resonates.

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Steve Odland make over time.

Steve Odland's total compensation during his tenure peaked sharply, particularly noted in fiscal year 2002 when he earned an annual salary of $650,000 and a substantial bonus of over $2 million. His compensation plan was closely tied to AutoZone's performance metrics, indicating a clear incentive structure aimed at aligning his goals with the company's bottom line. The bonuses were awarded based on key performance indicators like earnings before interest and taxes and return on invested capital. Despite the lucrative pay structure, AutoZone's strong financial growth during his leadership contributed to his reputation as an effective leader, and his compensation reflected his pivotal role in guiding the company. The design of his contract included the potential for significant severance benefits if terminated without cause, underscoring both his value to the company and the importance of stability in executive leadership.

Year

2005

Total Compensation

$677.83K

Salary

$426.62K

Board Justification

The compensation philosophy is designed to attract and retain executives key to long-term success, aligning compensation with company performance and stockholder value.

Bonus

$251.22K

Board Justification

The bonus for 2005 was based on the company's performance metrics, including earnings before interest and taxes and return on invested capital.

Other

$0.00

Board Justification

No other compensation was reported for 2005.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2005 as the focus is on cash compensation and not stock grants.

Performance Metrics

The performance metrics for determining the CEO's compensation included earnings before interest and taxes and return on invested capital.

Other AutoZone CEOs

Here are other CEOs of AutoZone

J. R. Hyde, III

Founder and Ex-CEO of AutoZone

January 1986 - January 1996

William C. Rhodes, III

CEO of AutoZone

March 2005 - Present