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...

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 leadership roles. In 2020, he stepped into the CEO role, showing the value of growing from within a company. Under his leadership, Nordstrom has focused on blending online and in-store shopping, which reflects how customers want to shop today. Erik is known for driving improvements to help the company stay relevant. In 2023, he received a total compensation of $1,288,500, mostly due to meeting performance goals, highlighting a pay-for-performance approach that aligns with shareholder interests. His stock ownership shows he has a significant financial stake in Nordstrom, with holdings valued at approximately $2.4 million. This aligns his success with that of the company. Nordstrom is committed to diversity and inclusion, and he believes that a company should reflect the communities it serves. This pragmatic, hands-on approach has guided his leadership style.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Nordstrom CEOs

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Erik Nordstrom

Ex-CEO of Nordstrom

Education

Not specified

Field of Expertise

Consumer Goods & Retail - Retail

Sector of Economy

Consumer Cyclical

Born

January 1, 1974 - 51 years ago

CEO of Nordstrom for

4 years 0 months (Jan 2019 - Feb 2023)

Previous Experience

Co-President of Nordstrom, Inc.

Rivals

Competitors/colleagues of Erik Nordstrom

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Joanne Crevoiserat

CEO of Tapestry, Inc.

2022 Compensation

Stock

$4.69M

Salary

$1.35M

Bonus

$0.00

Other

$60.91K

Total Holdings

$45.26M

U

Richard A. Hayne

Founder and CEO of Urban Outfitters

2023 Compensation

Stock

$0.00

Salary

$1.00

Bonus

$5.00K

Other

$50.46K

Total Holdings

$1.20B

D

Lauren R. Hobart

CEO of Dick's Sporting Goods

2023 Compensation

Stock

$10.67M

Salary

$1.31M

Bonus

$0.00

Other

$34.05K

Total Holdings

$51.78M

Holdings

See how much did Erik Nordstrom make over time.

Erik Nordstrom holds about 2.4 million dollars worth of Nordstrom stock. His significant ownership shows he has personal stakes in the company's performance. This is important since it aligns his interests with those of the shareholders. Over the years, Erik...

Erik Nordstrom holds about 2.4 million dollars worth of Nordstrom stock. His significant ownership shows he has personal stakes in the company's performance. This is important since it aligns his interests with those of the shareholders. Over the years, Erik has seen fluctuations in the value of his holdings, especially as the company faced challenges in the retail landscape. His stock ownership reflects his long-term commitment, as he has held Nordstrom shares for quite some time. At one point, he owned over 4 million dollars in stock and options, but his current holdings mark a strategic focus on performance-driven growth.

Mar 17, 2025

J

shares

JWN @ $24.23

Total Stock Sold

$28.49M

JWN

$28.49M

542,275 JWN shares

What if they kept their stock?

If Erik Nordstrom didn't sell their stock, today they would have:
Extra JWN542,275 shares worth $10.30M.
This is -63.83% and $18.18M less than what they got when they sold the stock.

Charitable Transactions

JWN

252,172 shares

JWN

Recent Charitable Transactions

JWN

24,530 shares

JWN

Mar 31, 2021

Charity

JWN

28,602 shares

JWN

Mar 9, 2020

Charity

JWN

2,046 shares

JWN

Jun 6, 2016

Charity

JWN

1,110 shares

JWN

Jun 15, 2015

Charity

JWN

1,107 shares

JWN

Dec 4, 2014

Charity

JWN

1,377 shares

JWN

Dec 10, 2013

Charity

Insider Trading

See recent insider trades of Erik Nordstrom.

JWN

138,356 shares

JWN

Mar 6, 2025

Received

JWN

$130.36K

JWN at $23.99/share

Dec 4, 2024

Received

JWN

$37.50K

JWN at $23.99/share

Dec 4, 2024

Received

JWN

103,760 shares

JWN

Mar 7, 2024

Received

JWN

$19.65K

JWN at $16.35/share

Dec 8, 2023

Received

JWN

$9.88K

JWN at $16.39/share

Dec 19, 2022

Received

JWN

24,530 shares

JWN

Mar 31, 2021

Charity

JWN

$540.95K

JWN at $34.75/share

Mar 10, 2021

Sale

JWN

$587.65K

JWN at $37.75/share

Mar 10, 2021

Sale

JWN

$10.29K

JWN at $13.80/share

Mar 31, 2020

Received

Compensation History

See how much did Erik Nordstrom make over time.

In 2023, Erik Nordstrom earned a total of $1,288,500 in compensation, which included a base salary of $758,500 and a performance-based bonus of $530,000. The bonus system at Nordstrom is designed to reward executives for achieving specific financial goals, emphasizing a pay-for-performance strategy. In 2022, his total compensation was higher, reflecting different performance metrics and stock vesting. The value of bonuses can vary significantly based on how well the company performs relative to its goals. This structure encourages a direct link between how well he leads and what he earns. Erik has previously opted for a lower base salary while aiming for higher bonuses, showing a preference for compensation tied to tangible results.

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.

Other Nordstrom CEOs

Here are other CEOs of Nordstrom

Blake W. Nordstrom

Ex-CEO of Nordstrom

May 2015 - May 2017

Eric D. Sprunk

CEO of Nordstrom

April 2023 - Present