Eric D. Sprunk is currently the CEO of Nordstrom, Inc. (JWN), having taken the role in April 2023. Under his leadership, the company has focused heavily on linking executive pay to performance, emphasizing how well the company does in financial...

Eric D. Sprunk is currently the CEO of Nordstrom, Inc. (JWN), having taken the role in April 2023. Under his leadership, the company has focused heavily on linking executive pay to performance, emphasizing how well the company does in financial terms. In 2023, his total compensation was $1,288,500, which included a salary of $758,500 and a significant bonus based on the company’s performance. The bonus system is tied to a measure called Incentive Adjusted EBIT, which achieved $718 million this year, resulting in a 70% payout for the CEO. Interestingly, no stocks or options vested this year, aligning with the company’s focus on cash bonuses and other performance metrics instead of long-term stock incentives. This approach highlights Sprunk’s strategy to drive immediate results while aiming for sustained company growth. His experience with Nordstrom during a time of transformation makes him a key player in the retail industry today.