John W. Gibson served as the CEO of ONEOK, Inc. from 2007 until his retirement in 2014. He has a solid background in the energy sector, starting his career in 1974 as a refinery engineer with Exxon USA. Before joining...

Number of Employees

4.78K

Year

2013

Total Compensation

$1.52M

Salary

$950.00K

Board Justification

The compensation philosophy focuses on aligning executive compensation with company performance, peer benchmarking, and retention strategies, ensuring that a significant portion of compensation is performance-based and at risk.

Bonus

$447.00K

Board Justification

Annual short-term cash incentive award based on company performance against established financial and operational goals, resulting in a payout of 47 percent of target for 2013.

Other

$120.73K

Board Justification

Includes contributions to 401(k) and profit-sharing plans, and other compensation such as matching contributions and service awards.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2013; only stock awards that vested are included in the total compensation.

Performance Metrics

Performance metrics included diluted earnings per share (EPS), return on invested capital (ROIC), and safety criteria, with a maximum corporate payout percentage set at 200 percent of target.

SEC Filing

From April 1, 2014

John W. Gibson

Ex-CEO of Oneok

JW

Education

Bachelor of Science degree in mechanical engineering from the University of Oklahoma

Field of Expertise

Technology & Engineering - Engineering

Born

May 1, 1948 - 76 years ago

Is Founder?

No

Tenure

13 years 7 months (May 2000 - Dec 2013)

Previous Experience

Executive Vice President at Koch Energy, Inc.