Veritiv Management
Management criteria checks 2/4
Veritiv's CEO is Sal Abbate, appointed in Sep 2020, has a tenure of 3.25 years. total yearly compensation is $6.05M, comprised of 14.9% salary and 85.1% bonuses, including company stock and options. directly owns 0.92% of the company’s shares, worth €19.57M. The average tenure of the management team and the board of directors is 3.2 years and 3.8 years respectively.
Key information
Sal Abbate
Chief executive officer
US$6.1m
Total compensation
| CEO salary percentage | 14.9% |
| CEO tenure | 3.3yrs |
| CEO ownership | 0.9% |
| Management average tenure | 3.2yrs |
| Board average tenure | 3.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2023 | n/a | n/a | US$272m |
| Jun 30 2023 | n/a | n/a | US$308m |
| Mar 31 2023 | n/a | n/a | US$328m |
| Dec 31 2022 | US$6m | US$900k | US$338m |
| Sep 30 2022 | n/a | n/a | US$323m |
| Jun 30 2022 | n/a | n/a | US$267m |
| Mar 31 2022 | n/a | n/a | US$202m |
| Dec 31 2021 | US$5m | US$800k | US$145m |
| Sep 30 2021 | n/a | n/a | US$120m |
| Jun 30 2021 | n/a | n/a | US$101m |
| Mar 31 2021 | n/a | n/a | US$56m |
| Dec 31 2020 | US$3m | US$606k | US$34m |
| Sep 30 2020 | n/a | n/a | US$6m |
| Jun 30 2020 | n/a | n/a | -US$10m |
| Mar 31 2020 | n/a | n/a | -US$3m |
| Dec 31 2019 | US$2m | US$560k | -US$29m |
| Sep 30 2019 | n/a | n/a | -US$24m |
| Jun 30 2019 | n/a | n/a | -US$27m |
| Mar 31 2019 | n/a | n/a | -US$27m |
| Dec 31 2018 | US$2m | US$327k | -US$16m |
Compensation vs Market: Sal's total compensation ($USD6.05M) is above average for companies of similar size in the German market ($USD1.56M).
Compensation vs Earnings: Sal's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Sal Abbate (54 yo)
3.3yrs
Tenure
US$6,054,490
Compensation
Mr. Salvatore A. Abbate, also known as Sal, is Chief Executive Officer at Veritiv Corp. since September 30, 2020 and serves as its Director since September 2020. He serves as Director at ArcBest Corporatio...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.3yrs | US$6.05m | 0.92% $ 19.6m | |
| Senior VP & Chief Information Officer | 3.1yrs | US$1.90m | 0.031% $ 650.8k | |
| Senior VP | 1.5yrs | US$1.89m | 0.065% $ 1.4m | |
| Senior VP & CFO | less than a year | no data | 0% $ 0 | |
| Senior Vice President of Packaging & Global Operations | 2.4yrs | no data | 0.13% $ 2.8m | |
| Vice President of Finance & Investor Relations | no data | no data | no data | |
| Vice President of Corporate Development | 7.8yrs | no data | no data | |
| Senior Vice President of Facility Solutions | 3.2yrs | no data | 0.13% $ 2.8m | |
| Senior Vice President of Sales | 3.2yrs | no data | 0.077% $ 1.6m | |
| Senior VP & Chief Human Resources Officer | 4.8yrs | no data | 0.20% $ 4.1m | |
| VP of Financial Planning & Analysis and Treasurer | 3.8yrs | US$2.32m | no data | |
| Corporate Controller | no data | no data | 0.026% $ 550.9k |
3.2yrs
Average Tenure
51yo
Average Age
Experienced Management: 288's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.3yrs | US$6.05m | 0.92% $ 19.6m | |
| Independent Director | 9.5yrs | US$235.00k | 0.11% $ 2.3m | |
| Independent Director | 9.5yrs | US$250.00k | 0% $ 0 | |
| Independent Director | 9.5yrs | US$230.00k | 0.078% $ 1.7m | |
| Independent Chairman | 3.8yrs | US$355.00k | 0.049% $ 1.0m | |
| Independent Director | 2.5yrs | US$225.00k | 0.030% $ 633.2k | |
| Independent Director | 1.6yrs | US$196.67k | 0.016% $ 336.5k | |
| Independent Director | 6.4yrs | US$235.00k | 0% $ 0 | |
| Independent Director | 3.8yrs | US$225.00k | 0% $ 0 |
3.8yrs
Average Tenure
59yo
Average Age
Experienced Board: 288's board of directors are considered experienced (3.8 years average tenure).