Sundar PichaiSundar Pichai earned $164M in 2023
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Andrew Iacobucci

Ex-CEO of US Foods

Education

B.S. in Business Administration from the University of Florida

Born

January 1, 1967 - 58 years ago

Economy Sector

Consumer Defensive

Tenure

0 years 7 months (May 2022 - Jan 2023)

Previous Experience

Executive Vice President and Chief Commercial Officer at US Foods Holding Corp.

Andrew Iacobucci served as the Interim Chief Executive Officer of US Foods from May 2022 until January 2023. He has a solid background in commercial operations and has held several key positions at US Foods, including Executive Vice President and...

Year

2022

Total Compensation

$2.39M

Salary

$900.00K

Board Justification

The compensation philosophy emphasizes performance and retention-based compensation opportunities designed to incentivize executive officers to execute the company's long-range plan and increase long-term stockholder value.

Bonus

$1.49M

Board Justification

The bonus was based on the company's performance against the annual incentive plan (AIP) goals, with a target percentage of 150% applied to eligible earnings.

Other

$0.00

Board Justification

No additional compensation was reported for Mr. Iacobucci in 2022.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock vested in 2022 as Mr. Iacobucci forfeited his awards upon leaving the company.

Performance Metrics

The performance metrics for the AIP included Adjusted EBITDA and Distribution Cost Per Case.