Sundar PichaiSundar Pichai earned $164M in 2023

Cedric Wilmotte, born in 1974, is the Chief Executive Officer of Michael Kors, a part of Capri Holdings Limited. With a Master’s degree from INSEAD, Cedric's career in the fashion industry spans several prestigious roles. Before taking the helm at...

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Cedric Wilmotte

CEO of Capri Holdings

Education

Master's degree in Business Administration from INSEAD.

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

January 1, 1974 - 51 years ago

CEO of Capri Holdings for

2 years 0 months (Apr 2023 - Present)

Previous Experience

Interim Chief Executive Officer for Versace, Chief Operating Officer of Versace, led the Michael Kors EMEA business.

Holdings

See how much did Cedric Wilmotte make over time.

As the CEO, Cedric Wilmotte's compensation package is notable. In 2023, he received a total compensation of $3,306,082. This included a base salary of $1,000,000 and a guaranteed annual cash bonus of $2,000,000 due for fiscal 2024. An interesting aspect...

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Cedric Wilmotte make over time.

In 2023, Cedric Wilmotte’s total compensation was approximately $3.3 million. This figure is made up of a base salary of $1 million, a hefty $2 million guaranteed cash bonus for the fiscal year 2024, and 95,057 RSUs valued at about $4.3 million, which he received as part of his new hire package. The RSUs are staggered in a vesting schedule over three years, motivating him to contribute actively to the company's long-term success. This aligning of personal wealth with company performance demonstrates a strong strategy that can drive not only investor confidence but also the overall growth of Capri Holdings. The company aims to retain top talent while ensuring their goals match with that of the shareholders through this structured compensation approach.

Year

2023

Total Compensation

$7.31M

Salary

$1.00M

Board Justification

The compensation philosophy emphasizes pay for performance, aligning executive compensation with company performance and shareholder interests, while ensuring competitive compensation to attract and retain top talent.

Bonus

$2.00M

Board Justification

Guaranteed annual cash incentive for Fiscal 2024 at the maximum level, payable in two installments: $1,000,000 in the first pay period following his start date and $1,000,000 on June 30, 2024.

Other

$0.00

Board Justification

No additional compensation reported for Mr. Wilmotte in 2023.

Restricted Stock

$4.31M(95.06K RSUs)

Board Justification

Time-based restricted share units (RSUs) granted on June 15, 2023, vesting in 1/3 installments over three years, subject to continued employment.

Performance Metrics

Annual cash incentive based on company performance metrics, including financial targets.