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Mike Welch

Founder and Ex-CEO of XPO

Education

Bachelor's degree in Accounting from Nazareth College

Field of Expertise

Business & Management

Born

January 1, 1960 - 65 years ago

Economy Sector

Industrials

Tenure

6 years 2 months (Jul 2005 - Sep 2011)

Previous Experience

CEO of Express-1, Inc.

Mike Welch is the former CEO of XPO, a prominent company in transportation and logistics. He has been involved in the industry for over 20 years, playing a key role since he co-founded Express-1, Inc. in 1989. Welch led XPO...

Year

2011

Total Compensation

$281.61K

Salary

$240.00K

Board Justification

The company aims to align executive compensation with stockholder interests and performance metrics, ensuring competitive and performance-based pay.

Bonus

$0.00

Board Justification

No annual cash incentive bonus was earned for 2011 due to separation from the company prior to year-end.

Other

$41.61K

Board Justification

Includes reimbursement for country club membership and other personal benefits.

Restricted Stock

$0.00(0 stock options)

Board Justification

No stock awards vested in 2011 as the stock options granted were forfeited upon separation.

Performance Metrics

Performance metrics for determining compensation were not applicable for Mr. Welch in 2011 due to his separation from the company.