Sundar PichaiSundar Pichai earned $164M in 2023
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Erik Nordstrom

Ex-CEO of Nordstrom

Education

Not specified

Field of Expertise

Consumer Goods & Retail - Retail

Born

January 1, 1974 - 51 years ago

Economy Sector

Consumer Cyclical

Tenure

4 years 0 months (Jan 2019 - Feb 2023)

Previous Experience

Co-President of Nordstrom, Inc.

Erik Nordstrom is the CEO of Nordstrom, Inc., a major retail brand known for its strong customer service. Born in 1974, he has over 40 years of experience within the company, starting in various entry-level positions before moving up to...

Year

2023

Total Compensation

$1.29M

Salary

$758.50K

Board Justification

The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with company performance and shareholder interests, with a significant portion of compensation linked to financial results.

Bonus

$530.00K

Board Justification

The performance-based annual cash bonus for Erik Nordstrom was calculated based on Incentive Adjusted EBIT, achieving a payout of 70% of the target due to actual EBIT of $718 million against a target of $858 million.

Other

$0.00

Board Justification

No additional compensation was reported for Erik Nordstrom in 2023.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was reported as vested in 2023 for Erik Nordstrom.

Performance Metrics

The performance metrics for Erik Nordstrom's compensation included Incentive Adjusted EBIT and Incentive Adjusted ROIC.