Andrew R. Lane is the former CEO and chairman of MRC Global, a major supplier of pipe, valve, and fitting products in the oil and gas industry. He has over 30 years of experience in the sector, previously holding the...

Andrew R. Lane is the former CEO and chairman of MRC Global, a major supplier of pipe, valve, and fitting products in the oil and gas industry. He has over 30 years of experience in the sector, previously holding the role of executive vice president at Halliburton. Lane is known for his analytical approach and strong leadership skills. He earned his bachelor's degree in Business Administration and is a Southern Methodist University graduate. In 2021, he retired with a reported total compensation of over $1 million, though his earnings in 2020 were much higher at $8.4 million, largely due to performance bonuses tied to the company's success. Andrew was also known for his significant stock holdings, peaking around $12 million during pivotal moments in 2021. Under his lead, MRC Global has navigated various industry ups and downs, strengthening its market position until his retirement in 2021. Interestingly, he commanded a CEO pay ratio of 79:1 compared to the median employee in the company, which reflects the compensation structures typical in large corporations. Lane's departure marked a significant transition in the company's leadership.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other MRC Global CEOs

M

Andrew R. Lane

Ex-CEO of MRC Global

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Sector of Economy

Energy

Born

September 1, 1965 - 59 years ago

CEO of MRC Global for

9 years 8 months (Apr 2012 - Dec 2021)

Previous Experience

Prior to joining MRC Global, Mr. Lane held various senior management positions at other companies in the industry.

Rivals

Competitors/colleagues of Andrew R. Lane

E

Andrea J. Funk

CEO of EnerSys

2023 Compensation

Stock

$250.00K

Salary

$450.00K

Bonus

$100.00K

Other

$50.00K

Total Holdings

$4.45M

E

Shawn M. O'Connell

CEO of EnerSys

2023 Compensation

Stock

$250.00K

Salary

$800.00K

Bonus

$200.00K

Other

$150.00K

Total Holdings

$4.15M

Holdings

See how much did Andrew R. Lane make over time.

During his time as CEO, Andrew R. Lane's stock holdings experienced significant fluctuations. At one point in 2021, his holdings were valued as high as $12.91 million, marking a peak in his financial interests tied to MRC Global. Overall, in...

During his time as CEO, Andrew R. Lane's stock holdings experienced significant fluctuations. At one point in 2021, his holdings were valued as high as $12.91 million, marking a peak in his financial interests tied to MRC Global. Overall, in the first quarter of 2021, he saw his stock value hover between $10 million and $15 million. However, as he retired in March 2021, he transitioned to cash, which accounted for a drastic change in his net worth tied directly to his stock holdings. His wealth peaked in 2021, showing his connection to the company's performance. Over the years, his commitment to MRC Global allowed him to accumulate substantial shares during periods of growth, reflecting his deep ties to the company’s success.

Mar 11, 2025

M

shares

MRC @ $11.27

Total Stock Sold

$26.55M

MRC

$26.55M

1,393,514 MRC shares

What if they kept their stock?

If Andrew R. Lane didn't sell their stock, today they would have:
Extra MRC1,393,514 shares worth $7.08M.
This is -73.34% and $19.48M less than what they got when they sold the stock.

Charitable Transactions

MRC

614,266 shares

MRC

Recent Charitable Transactions

MRC

74,926 shares

MRC

May 8, 2018

Charity

MRC

398,978 shares

MRC

Feb 18, 2016

Charity

MRC

80,249 shares

MRC

Feb 17, 2015

Charity

MRC

36,263 shares

MRC

Feb 18, 2014

Charity

MRC

23,850 shares

MRC

Mar 7, 2013

Charity

Insider Trading

See recent insider trades of Andrew R. Lane.

MRC

57,236 shares

MRC

Feb 8, 2021

Received

MRC

600,000 shares

MRC

May 27, 2020

Received

MRC

270,431 shares

MRC

Feb 10, 2020

Received

MRC

$1.65M

MRC at $15.02/share

Nov 11, 2019

Sale

MRC

188,860 shares

MRC

Mar 1, 2019

Received

MRC

129,974 shares

MRC

Feb 12, 2019

Received

MRC

$4.65M

MRC at $20.49/share

May 16, 2018

Sale

MRC

$3.56M

MRC at $20.04/share

May 8, 2018

Sale

MRC

74,926 shares

MRC

May 8, 2018

Charity

MRC

$5.72M

MRC at $19.50/share

May 3, 2018

Sale

Compensation History

See how much did Andrew R. Lane make over time.

Andrew R. Lane's compensation as CEO of MRC Global varied significantly during his tenure. In 2021, his total package was around $1.08 million, which included base salary, severance, and other benefits due to his retirement. The most notable year was 2020 when he earned over $8.4 million, combining salary, performance bonuses, and vested stock. His pay reflected the company's performance metrics tied to cash flow and operational safety, demonstrating a link between his incentives and MRC Global's financial health. Also, Lane’s compensation brought attention to the common structure seen in large firms, where a sizable portion is dependent on company performance. Over his career, he was known for being part of a compensation philosophy aimed at aligning executive pay with shareholder interests, an approach that not only reflects well on him but also on the operational performance of the company he led.

Year

2021

Total Compensation

$970.88K

Salary

$173.08K

Board Justification

The compensation philosophy is designed to attract and retain talented executives while aligning their interests with those of shareholders, focusing on performance-based incentives.

Bonus

$0.00

Board Justification

No bonus was awarded for 2021 as Mr. Lane retired in March 2021 and his payout was prorated for his time of service during the year.

Other

$797.81K

Board Justification

This includes severance payments, accrued salary, unused vacation pay, and other benefits as per his employment agreement upon retirement.

Restricted Stock

$0.00(0 N/A)

Board Justification

Mr. Lane did not receive any stock grants in 2021 as he retired in March 2021.

Performance Metrics

Performance metrics included adjusted EBITDA, cash flow from operations, and safety measures.

Other MRC Global CEOs

Here are other CEOs of MRC Global

David A. Hager

CEO of MRC Global

March 2024 - Present