The salary of Eversource Energy's CEO, Joe Nolan, is $1,322,300 annually. This figure represents 7% of his total yearly compensation.
Joe Nolan, who was appointed CEO in May 2021, receives a comprehensive compensation package that includes not only his base salary but also a significant portion from bonuses, company stock, and options. His total yearly compensation amounts to $18.89 million.
The breakdown of the CEO's compensation highlights a common structure for top executives, where a substantial portion of earnings is tied to performance-based incentives and equity. This aligns the CEO's financial interests with the company's long-term performance and shareholder value.
Here's a detailed look at the CEO's compensation components:
| Compensation Component | Amount / Percentage | Details |
|---|---|---|
| Total Yearly Compensation | $18.89 Million | All forms of remuneration combined. |
| Salary | 7% ($1,322,300) | The fixed base pay. |
| Bonuses & Equity | 93% | Includes company stock, options, and performance-based bonuses. |
Beyond his direct compensation, Mr. Nolan also holds a direct ownership stake of 0.034% in Eversource Energy's shares, valued at approximately €6.85 million. This equity ownership further aligns his interests with the company's success and shareholder returns.
