Sundar PichaiSundar Pichai earned $164M in 2023
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Joseph M. Zubretsky

CEO of Molina Healthcare

Education

Bachelor's degree in Accounting

Field of Expertise

Finance & Banking - Insurance

Born

January 1, 1957 - 68 years ago

Economy Sector

Healthcare

Current Tenure

7 years 3 months (Nov 2017 - Present)

Previous Experience

President and Chief Executive Officer at The Hanover Insurance Group, Inc.

Joseph M. Zubretsky is the CEO and President of Molina Healthcare, a position he has held since November 2017. He has a solid background in the insurance and health sectors, previously working at The Hanover Insurance Group and Aetna. With...

Year

2023

Total Compensation

$4.37M

Salary

$1.10M

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and shareholder interests, while also considering market competitiveness and retention strategies.

Bonus

$2.04M

Board Justification

The bonus is based on the Short-Term Incentive Plan (STIP) which was funded at 95% of target for 2023, reflecting the company's performance metrics and individual contributions.

Other

$87.75K

Board Justification

Other compensation includes contributions to the 401(k) plan and the Non-Qualified Retirement Savings Plan, as well as perquisites such as financial planning services and matching contributions to qualified charities.

Restricted Stock

$1.15M(7.94K PBRSUs)

Board Justification

The vested stock consists of performance-based restricted stock units (PBRSUs) that vested based on the company's achievement of relative total shareholder return for the years 2023-2025, which was at the 36th percentile against its pre-determined peer group, resulting in a payout of 72.73% of target.

Performance Metrics

The performance metrics for the CEO's compensation include Pre-Tax Operating Income, Ex-Cat Operating Income, and strategic objectives that align with the company's financial goals.