Alan D. Schnitzer is the CEO of The Travelers Companies, Inc., a major player in the insurance industry. He took over the role on December 1, 2015, succeeding Jay S. Fishman, who became Executive Chairman. Schnitzer's pay structure focuses on...
Alan D. Schnitzer is the CEO of The Travelers Companies, Inc., a major player in the insurance industry. He took over the role on December 1, 2015, succeeding Jay S. Fishman, who became Executive Chairman. Schnitzer's pay structure focuses on performance, linking his compensation to the company’s success—he earned $6,944,951 in 2015, where most came from a stock award rather than a cash bonus. Before his current position, Schnitzer held various important roles within Travelers. He has a clear plan for moving the company forward, which includes offering performance-based stock options to employees, encouraging them to invest in the company's success. Interesting to note, Schnitzer enjoys added security measures, including personal security services and travel on company aircraft for both business and personal use. His leadership style is all about aligning team incentives with company goals, creating a culture where performance really matters. Schnitzer's career shows a steady rise through the ranks, emphasizing his commitment to the insurance sector and its challenges. He’s been known for making strategic decisions that keep Travelers competitive in a changing market.