HNI Management
Management criteria checks 2/4
HNI's CEO is Jeff Lorenger, appointed in Apr 2018, has a tenure of 6.42 years. total yearly compensation is $7.10M, comprised of 14.4% salary and 85.6% bonuses, including company stock and options. directly owns 0.43% of the company’s shares, worth €9.47M. The average tenure of the management team and the board of directors is 6.1 years and 8.6 years respectively.
Key information
Jeff Lorenger
Chief executive officer
US$7.1m
Total compensation
| CEO salary percentage | 14.4% |
| CEO tenure | 6.4yrs |
| CEO ownership | 0.4% |
| Management average tenure | 6.1yrs |
| Board average tenure | 8.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 29 2024 | n/a | n/a | US$114m |
| Mar 30 2024 | n/a | n/a | US$65m |
| Dec 30 2023 | US$7m | US$1m | US$49m |
| Sep 30 2023 | n/a | n/a | US$43m |
| Jul 01 2023 | n/a | n/a | US$68m |
| Apr 01 2023 | n/a | n/a | US$111m |
| Dec 31 2022 | US$6m | US$998k | US$124m |
| Oct 01 2022 | n/a | n/a | US$116m |
| Jul 02 2022 | n/a | n/a | US$72m |
| Apr 02 2022 | n/a | n/a | US$59m |
| Jan 01 2022 | US$9m | US$973k | US$60m |
| Oct 02 2021 | n/a | n/a | US$74m |
| Jul 03 2021 | n/a | n/a | US$86m |
| Apr 03 2021 | n/a | n/a | US$81m |
| Jan 02 2021 | US$5m | US$891k | US$42m |
| Sep 26 2020 | n/a | n/a | US$67m |
| Jun 27 2020 | n/a | n/a | US$82m |
| Mar 28 2020 | n/a | n/a | US$86m |
| Dec 28 2019 | US$4m | US$923k | US$111m |
| Sep 28 2019 | n/a | n/a | US$95m |
| Jun 29 2019 | n/a | n/a | US$89m |
| Mar 30 2019 | n/a | n/a | US$92m |
| Dec 29 2018 | US$3m | US$779k | US$93m |
| Sep 29 2018 | n/a | n/a | US$95m |
| Jun 30 2018 | n/a | n/a | US$92m |
| Mar 31 2018 | n/a | n/a | US$87m |
| Dec 30 2017 | US$1m | US$546k | US$90m |
Compensation vs Market: Jeff's total compensation ($USD7.10M) is above average for companies of similar size in the German market ($USD2.68M).
Compensation vs Earnings: Jeff's compensation has increased by more than 20% in the past year.
CEO
Jeff Lorenger (58 yo)
6.4yrs
Tenure
US$7,102,944
Compensation
Mr. Jeffrey D. Lorenger, also known as Jeff, is Chairman of the Board at HNI Corporation since February 12, 2020. He serves as Director at THOR Industries, Inc. since Febrary 1, 2024. Mr. Lorenger serves a...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 6.4yrs | US$7.10m | 0.43% $ 9.5m | |
| Senior VP & CFO | 7.7yrs | US$2.27m | 0.12% $ 2.7m | |
| Senior VP | 16.7yrs | US$1.59m | 0.12% $ 2.6m | |
| Executive VP and President of Hearth & Home Technologies | 6.6yrs | US$1.67m | 0.13% $ 2.9m | |
| President of The HON Company | 5.8yrs | US$1.58m | 0.033% $ 732.3k | |
| VP of Corporate Finance & Treasurer | no data | no data | no data | |
| VP and Chief Information & Digital Officer | 4.7yrs | no data | 0.035% $ 777.9k | |
| Vice President of Investor Relations & Corporate Development | no data | no data | no data | |
| Executive Vice President of Global Operations - Kimball International | 1.7yrs | no data | 0.022% $ 488.9k | |
| Chief Customer Officer of Kimball International | 1.7yrs | no data | 0.018% $ 392.4k | |
| Chief Operating Officer of Kimball International | 1.7yrs | no data | 0.079% $ 1.8m | |
| VP & Corporate Controller | 9.7yrs | no data | no data |
6.1yrs
Average Tenure
53yo
Average Age
Experienced Management: HO9's management team is seasoned and experienced (6.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 6.4yrs | US$7.10m | 0.43% $ 9.5m | |
| Independent Lead Director | 20.1yrs | US$226.15k | 0.066% $ 1.5m | |
| Independent Director | 17.8yrs | US$207.60k | 0.067% $ 1.5m | |
| Independent Director | 25.3yrs | US$224.90k | 0.18% $ 3.9m | |
| Independent Director | 24.2yrs | US$203.65k | 0.072% $ 1.6m | |
| Independent Director | 20.1yrs | US$205.22k | 0.033% $ 737.1k | |
| Director | less than a year | no data | 0.0057% $ 126.9k | |
| Independent Director | 8.6yrs | US$218.65k | 0.072% $ 1.6m | |
| Independent Director | 8.1yrs | US$208.65k | 0.079% $ 1.8m | |
| Independent Director | 2yrs | US$203.65k | 0.025% $ 555.8k | |
| Independent Director | 5.2yrs | US$218.65k | 0.045% $ 994.4k |
8.6yrs
Average Tenure
63yo
Average Age
Experienced Board: HO9's board of directors are considered experienced (8.6 years average tenure).