Nordstrom CEO Erik Nordstrom's salary increased to $4.5 million in 2023
Erik Nordstrom, chief executive officer of Nordstrom Inc., saw her total compensation advantage up has $4.5 million In 2023, A 30.8 percent increase Since $3.5 million THE year before.
by Nordström take included A salary of $773,087 And incentive pay of $1.1 million. But THE bulk of her pay came In THE form of action And option price estimated has A combined $2.7 million, although THE value he will In fact realize Since that rests on THE the company share price And acquisition schedules.
Rock Nordstrom, president And chief brand officer And Erik's brother, received A almost identical pay package.
Related ArticlesBut THE brothers were not THE the company the best paid frames. That distinction went has Cathy A. Black-smith, THE the company new chief financial officer, of which compensation account $8.5 million, And Jason Morris, THE new chief technology officer, with total pay of $6.5 million. As East common practical For new executives, both pay packages were boosted by heavy action price — $6.5 million In Smith case And $4 million For Morris'.
Rock
Nordstrom
To agree
Hindsley
THE compensation packages were detailed In Proxy statement And notice of It is shareholder meeting, which East program For Can 22.
He was A difficult year For THE department store.
In A letter has THE shareholders, sign by THE Nordstroms And president Bradley D. Tilden, they wrote that last year, "In THE confront of big opportunities And complex challenges, OUR teams pink has THE occasion, discovery new And creative manners has further OUR aim of portion OUR clients feel GOOD And look their best. We continued has TO DO progress against THE priorities We identified has THE beginning of THE year has to drive better financial results And position OUR business For long term growth: improvement Nordstrom Shelf performance, increasing OUR inventory productivity And move forward OUR provide chain optimization initiatives. »
THE Shelf off price chain East on A to roll, as Tilden noted In her letter. He wrote that Shelf stores "offer A great back on investment And serve as THE primary source of new clients For OUR business, portion We to drive more travel And to strenghten OUR customer base. We look Before has continue OUR momentum has THE Shelf by opening additional new stores [22 openings expected This year on high of last years 19] And offer OUR clients great brands has great price. »
Erik Nordstrom, chief executive officer of Nordstrom Inc., saw her total compensation advantage up has $4.5 million In 2023, A 30.8 percent increase Since $3.5 million THE year before.
by Nordström take included A salary of $773,087 And incentive pay of $1.1 million. But THE bulk of her pay came In THE form of action And option price estimated has A combined $2.7 million, although THE value he will In fact realize Since that rests on THE the company share price And acquisition schedules.
Rock Nordstrom, president And chief brand officer And Erik's brother, received A almost identical pay package.
Related ArticlesBut THE brothers were not THE the company the best paid frames. That distinction went has Cathy A. Black-smith, THE the company new chief financial officer, of which compensation account $8.5 million, And Jason Morris, THE new chief technology officer, with total pay of $6.5 million. As East common practical For new executives, both pay packages were boosted by heavy action price — $6.5 million In Smith case And $4 million For Morris'.
Rock
Nordstrom
To agree
Hindsley
THE compensation packages were detailed In Proxy statement And notice of It is shareholder meeting, which East program For Can 22.
He was A difficult year For THE department store.
In A letter has THE shareholders, sign by THE Nordstroms And president Bradley D. Tilden, they wrote that last year, "In THE confront of big opportunities And complex challenges, OUR teams pink has THE occasion, discovery new And creative manners has further OUR aim of portion OUR clients feel GOOD And look their best. We continued has TO DO progress against THE priorities We identified has THE beginning of THE year has to drive better financial results And position OUR business For long term growth: improvement Nordstrom Shelf performance, increasing OUR inventory productivity And move forward OUR provide chain optimization initiatives. »
THE Shelf off price chain East on A to roll, as Tilden noted In her letter. He wrote that Shelf stores "offer A great back on investment And serve as THE primary source of new clients For OUR business, portion We to drive more travel And to strenghten OUR customer base. We look Before has continue OUR momentum has THE Shelf by opening additional new stores [22 openings expected This year on high of last years 19] And offer OUR clients great brands has great price. »
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