Glenn M. Renwick served as the CEO of Progressive Corporation from 2001 to 2016. He’s known for his strong focus on linking executive pay to company performance, which has helped boost shareholder value. In 2016, he earned a total compensation...

Glenn M. Renwick served as the CEO of Progressive Corporation from 2001 to 2016. He’s known for his strong focus on linking executive pay to company performance, which has helped boost shareholder value. In 2016, he earned a total compensation of about $11.6 million, with a big chunk coming from performance-based bonuses and stock. His annual salary was $750,000, but what stands out is that he had a performance bonus factor of 1.67, meaning he received 167% of his target bonus based on the company's success that year. Renwick had his retirement from executive roles in 2016 but continued as Executive Chairman and later as a non-executive Chairman of the Board. His strategy has always included holding a significant percentage of his wealth in stock. By 2019, his shares in UnitedHealth were worth around $17 million and saw growth to $51 million by 2024. This consistency in holding onto substantial stock not only showcases his commitment to the company but also aligns his interests with those of the shareholders. Glenn graduated with a Bachelor's in Business Administration from the University of Notre Dame, and brought over 20 years of experience to his leadership role at Progressive, cycling through various executive positions before becoming CEO. He retired from the board in 2018, perfectly in line with the company's succession plans. This smooth transition reflects his strategic foresight for both himself and the company.