Marita Zuraitis has been the CEO of Horace Mann Educators Corporation since 2013. She holds a Master's degree in Business Administration and has extensive experience in the insurance sector. Under her leadership, the company has focused on performance-driven compensation, which...
Marita Zuraitis has been the CEO of Horace Mann Educators Corporation since 2013. She holds a Master's degree in Business Administration and has extensive experience in the insurance sector. Under her leadership, the company has focused on performance-driven compensation, which means her earnings are closely tied to how well the company does. In 2021, she earned over $6.2 million, with a big chunk coming from a performance-based bonus that reflected the company's strong results. Her approach emphasizes long-term goals, with incentives that reward executives for maintaining a consistent performance over the years. For instance, she had a stock grant that depends on achieving specific performance targets over a three-year period. This strategy aims to align the interests of executives with those of shareholders, driving sustainable growth. An interesting aspect of her compensation plan is that it encourages executives to hold onto their stocks, which reflects her commitment to the company's long-term success. Outside of work, she is focused on ensuring the company navigates through market volatility effectively, looking at book value rather than fluctuating stock prices to set ownership requirements, emphasizing stability in ownership.