Sundar PichaiSundar Pichai earned $164M in 2023
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John D. Erickson

Ex-CEO of Otter Tail

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Born

January 1, 1962 - 63 years ago

Economy Sector

Utilities

Tenure

4 years 4 months (Apr 2007 - Sep 2011)

Previous Experience

Executive at Otter Tail Corporation since 2007, previously held various roles in the company.

John D. Erickson served as the President and CEO of Otter Tail Corporation from 2002 until 2011, during which he made a meaningful impact on the company’s strategic direction. He has a solid background in management, having started his career...

Year

2011

Total Compensation

$1.42M

Salary

$469.58K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate executives by aligning their compensation with performance metrics and shareholder interests.

Bonus

$794.05K

Board Justification

The bonus was based on the performance of Otter Tail Corporation against financial targets and individual performance metrics.

Other

$159.24K

Board Justification

Other compensation includes health savings account contributions and a severance payment of $914,661 for unused paid time off.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2011 as the stock grants were not reported as vested in this year.

Performance Metrics

The performance metrics include corporate earnings per share, return on equity, cash flow from operations, and safety performance.