David A. Ciesinski has been the CEO of Lancaster Colony Corporation since July 1, 2017. He took over from John B. Gerlach, Jr., who remains involved as Executive Chairman. David has a solid business background with an MBA from Carnegie...

Current Market Cap

$4.94B

Number of Employees

3.4K

Total Compensation

2018 - 2022

Trending up by 53.27% last year
Showing total compensation for the last 2018 - 2022

Stock

Up by 101.90% last year

Salary

Up by 8.54% last year

Bonus

Up by 0.00% last year

Other

Up by 42.04% last year

Year

2022

Total Compensation

$2.54M

Salary

$890.00K

Board Justification

The compensation philosophy focuses on 'pay for performance' to align executive compensation with the achievement of financial and operational goals, promoting long-term shareholder value.

Bonus

$0.00

Board Justification

No bonus was awarded for the fiscal year 2023.

Other

$96.44K

Board Justification

Includes life insurance premium payments, dividends on unvested restricted stock, and perquisites such as matching contributions to the 401(k) Plan, travel insurance premiums, and financial planning services.

Restricted Stock

$1.55M(7.73K Restricted Stock)

Board Justification

Shares of restricted stock granted on August 16, 2022, expected to fully vest on August 16, 2025.

Performance Metrics

The performance metrics include adjusted net sales and adjusted operating income.

SEC Filing

From October 10, 2023

David A. Ciesinski

CEO of Lancaster Colony

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Education

MBA from the Tepper School of Business at Carnegie Mellon University

Field of Expertise

Business & Management

Born

January 1, 1966 - 58 years ago

Is Founder?

No

Current Tenure

7 years 4 months (Jul 2017 - Present)

Previous Experience

President of the Meal Solutions Division at Kraft Foods Group, Inc.