CFO Salaries: How Much Can a Chief Financial Officer Make?

highest paid cfos

Previously he was the chief financial officer of CitiMortgage Inc. and served as chief financial officer of Citibank Korea. He was also the chief financial officer of Citibank’s South East Asia Pacific region. Lowe has served as the chief financial officer of Altisource Asset Management since October 2014 and also served as the chief financial officer of Residential since October 2014. His “other” compensation was listed by the company to be worth $342,292. Robert M. Knight, Jr. was named chief financial officer of Union Pacific Corporation in February 2004.

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She did so by reorganising some aspects of the company and bringing in even more financial discipline. Institutional Investor named Porat – The best Internet CFO – for 2018 All America Executive Team.

David M. Denton, CFO and Executive VP, CVS Health

He took over the senior vice president role in 2015 and has held the CFO role since October 2013. Prior to Rice Energy he was an investment professional at Natural Gas Partners where he was directly involved in Natural Gas Partners’ original $100 million investment into Rice Energy. He was formerly an investment banker for Barclays Capital Inc.’s energy group in Houston, Texas. The combination of experience and an advanced education rooted in leadership, management, strategy and business can play a key role in getting you on the path to executive leadership in the healthcare sector.

How much money does a CFO make?

A chief financial officer (CFO) makes an average annual salary in the low to mid-six figures, with further compensation in the form of stock options.Reported average annual chief financial officer salaries vary greatly, depending on the source. The Bureau of Labor Statistics reported the 2020 average annual chief executive salary — including all C-suite level employees — at $197,840, with the bottom ten percent earning just over $60,000.

Among asset managers, private equity giant The Blackstone Group Inc.’s CFO, Michael Chae, tallied $15.6 million in total compensation. Affiliated Managers Group Inc., a traditional asset manager, awarded CFO Thomas Wojcik a $10.2 million pay package that included $4.5 million in options but only $400,000 in cash. Gary Shedlin, CFO of BlackRock Inc., received total compensation worth $6.5 million. Served as executive vice president and chief financial officer of Dexterra, Inc. He was previously the senior vice president, finance and administration, and chief financial officer at Siebel Systems, Inc.

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He most recently served as the chief financial officer of GE Security Americas. In non-equity incentive plan compensation and “other” compensation of $12,857.

highest paid cfos

The CFO is typically the second most important role in a public company behind the CEO. As most industry leaders know, AETHOS conducts a study of gaming CEO pay each year, so we decided to look at the state of CFO pay as well.

Ian F. Smith, CFO and Executive VP, Vertex Pharmaceuticals

Bonuses make up an increasing share of total CFO compensation, up from a median target value of 75% of base to 80% of base in one year, while actual payouts reached 112% of target. As a consequence of this heavy reliance on bonuses, the 2020 Covid crisis could have lingering effects on total compensation for a range of C-suite players, including CFOs. highest paid cfos Longterm stagnation of CFO compensation seems unlikely, however, as challenging times call for greater skill and acumen. Those go with experience and, in the financial field, experience comes at a cost. Where base salaries are concerned, the median for the full group was $540,000 versus a median of $515,000 in 2011 for the same group of companies.

  • Data from proxy statements for 49 companies were included in the study.
  • The lowest-paid, Michael Wheeler at Tufco Technologies, made just $198,709.
  • He scored a pay package valued at $20.2 million last year and also holds the title of company vice chairman.
  • These include white papers, government data, original reporting, and interviews with industry experts.
  • This role also ensures the company is compliant with all applicable laws and business policies.

The program provides traditional MBA core courses and specialized healthcare electives to help tailor the curriculum to your goals. Individuals in this role are responsible for setting long-term goals, developing and championing the organizational mission and vision, and establishing the organization’s operational structure. As with our CEO analysis, the size of a pay-check matters but performance is even more important.

Robert Kane, CFO, Crown Baus Capital

Consistent with their executive function, CFOs are the highest-earning corporate professionals among those doing finance-related work. A chief technology officer is an executive responsible for the management of an organization’s technological needs. Ever since he joined Apple in 2013, Luca has worked with Apple’s senior leadership. His foremost title was that of vice president of finance and corporate controller. The nationally renowned CFO recruiters at Cowen Partners have deep experience working with private, public,pre-IPO, andnon-profit organizations. Clients are typically $50 million in revenue to Fortune 1000’s or have assets between $500 million to $15 billion. Noto has served as the chief financial officer of Twitter since August 2014.

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