William W. Lovette has been steering Pilgrim's Pride Corporation as CEO since January 2011. He is a veteran in the food industry, with over 30 years of experience under his belt. Before joining Pilgrim's Pride, Lovette held key positions at...

Number of Employees

61.2K

Year

2017

Total Compensation

$3.90M

Salary

$1.00M

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and market competitiveness.

Bonus

$2.90M

Board Justification

Cash bonus awarded under the Short-Term Management Incentive Plan (STIP) based on performance metrics for 2017, specifically the PBT Margin.

Other

$4.07K

Board Justification

Includes group term life insurance, long-term disability premium reimbursement, and cell phone stipend.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2017 as the performance conditions were not fully achieved under the 2017 Long Term Incentive Program.

Performance Metrics

The primary performance metric for the cash bonus was the PBT Margin, which was set at various thresholds with corresponding bonus amounts.

SEC Filing

From April 9, 2018

William W. Lovette

Ex-CEO of Pilgrim's Pride Corporation

WW

Education

Not specified

Field of Expertise

Consumer Goods & Retail - Food Industry

Born

Invalid Date - 0 years ago

Is Founder?

No

Tenure

6 years 1 month (Jan 2011 - Feb 2017)

Previous Experience

President & Chief Operating Officer for Case Foods, Inc.; 25 years with Tyson Foods in various senior management roles, including President of its International Business Unit and President of its Foodservice Business Unit.