Thomas E. Richards served as the CEO of CDW Corporation from October 1, 2011, until December 31, 2018. He stepped into the role after being the President and Chief Operating Officer of the company. Richards has a solid educational background,...

Current Market Cap

$23.39B

Number of Employees

15.1K

Total Compensation

2014 - 2018

Trending down by -62.14% last year
Showing total compensation for the last 2014 - 2018

Stock

Down by -100.00% last year

Salary

Up by 5.29% last year

Bonus

Up by 81.54% last year

Other

Down by -13.11% last year

Year

2018

Total Compensation

$3.77M

Salary

$990.77K

Board Justification

The compensation philosophy focuses on aligning executive compensation with performance metrics that drive long-term shareholder value, with a significant portion of compensation being performance-based.

Bonus

$2.77M

Board Justification

The bonus was calculated based on the 2018 performance under the Senior Management Incentive Plan (SMIP), which had a payout percentage of 143.3% of the target due to the company's strong performance against established goals.

Other

$11.05K

Board Justification

Other compensation includes company-paid supplemental disability premiums and contributions to the 401(k) accounts.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2018 as the focus was on cash compensation and performance-based bonuses.

Performance Metrics

Performance metrics included adjusted EBITDA and market share growth, which were critical in determining the bonus payout for the year.

SEC Filing

From April 10, 2019

Thomas E. Richards

Ex-CEO of CDW

TE

Education

Bachelor's degree from University of Pittsburgh; Master of Science in Management from Massachusetts Institute of Technology

Field of Expertise

Business & Management

Born

January 1, 1955 - 69 years ago

Is Founder?

No

Tenure

7 years 2 months (Oct 2011 - Dec 2018)

Previous Experience

Executive Vice President and Chief Operating Officer at Qwest Communications; Chairman and Chief Executive Officer of Clear Communications Corporation

View Holdings

Insider Holdings of Thomas E. Richards

CDWNTRS

$1.57M

-$146.02M (-98.93%)

Last Insider Trade

NTRS

$6.35K

NTRS at $109.23/share

Sep 30, 2021

Received