Sundar PichaiSundar Pichai earned $164M in 2023
I

James Lanning

CEO of Ingles Markets

Education

N/A

Field of Expertise

Consumer Goods & Retail - Retail

Born

April 10, 1958 - 66 years ago

Economy Sector

Consumer Defensive

Current Tenure

8 years 11 months (Mar 2016 - Present)

Previous Experience

President of Ingles Markets since 2003

James Lanning has been the CEO of Ingles Markets, Inc. since March 2016, but his history with the company goes back much further. He started working there 28 years ago, climbing the ranks and serving as President previously since 2003....

Year

2023

Total Compensation

$3.29M

Salary

$1.12M

Board Justification

The compensation program aims to attract, motivate, and retain top-quality executives while delivering competitive total compensation packages based on both Company and individual performance.

Bonus

$2.12M

Board Justification

Annual cash bonuses are determined based on the Company's profitability and the individual performance of the Executive Officer for the fiscal year.

Other

$57.52K

Board Justification

Other compensation includes employer match for 401(k) plan, life insurance premiums, and travel expenses.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2023 as the focus is on cash compensation and performance-based bonuses.

Performance Metrics

The performance metrics for determining the compensation include Company profitability and individual performance evaluations.