Paul T. Stecko is a seasoned leader in the packaging industry with a Bachelor's degree in Business Administration from the University of Illinois. He served as the CEO of Packaging Corporation of America (PCA) from 2009 to 2010 and then...

Number of Employees

14.9K

Year

2010

Total Compensation

$2.83M

Salary

$936.48K

Board Justification

The compensation philosophy is based on pay-for-performance, aligning executive compensation with company performance and peer benchmarking.

Bonus

$1.50M

Board Justification

Mr. Stecko's bonus was prorated based on his service as Chief Executive Officer for the first half of the year and as Executive Chairman for the second half, with a total bonus of $1,504,000 for the year.

Other

$384.98K

Board Justification

Other compensation includes contributions to the deferred compensation plan, 401(k) contributions, and perquisites such as club memberships and financial planning assistance.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock vested in 2010 as the only stock award was a grant of 125,000 shares on July 1, 2010, which is subject to a three-year cliff vesting schedule.

Performance Metrics

The performance metrics include earnings per share targets and comparisons to industry competitors.

SEC Filing

From March 25, 2011

Paul T. Stecko

Ex-CEO of Packaging Corp of America

PT

Education

Bachelor's degree in Metallurgical Engineering from the University of Pittsburgh

Field of Expertise

Technology & Engineering - Engineering

Born

December 25, 1943 - 81 years ago

Is Founder?

No

Tenure

11 years 6 months (Jan 1999 - Jul 2010)

Previous Experience

Served as President and Chief Operating Officer of Tenneco Inc.