Nordstrom Management
Management criteria checks 1/4
Nordstrom's CEO is Erik Nordstrom, appointed in Jan 2019, has a tenure of 5.25 years. total yearly compensation is $4.54M, comprised of 17% salary and 83% bonuses, including company stock and options. directly owns 1.7% of the company’s shares, worth €49.89M. The average tenure of the management team and the board of directors is 1.5 years and 4.6 years respectively.
Key information
Erik Nordstrom
Chief executive officer
US$4.5m
Total compensation
| CEO salary percentage | 17.0% |
| CEO tenure | 5.3yrs |
| CEO ownership | 1.7% |
| Management average tenure | 1.5yrs |
| Board average tenure | 4.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Feb 03 2024 | US$5m | US$773k | US$134m |
| Oct 28 2023 | n/a | n/a | US$119m |
| Jul 29 2023 | n/a | n/a | US$32m |
| Apr 29 2023 | n/a | n/a | US$20m |
| Jan 28 2023 | US$3m | US$759k | US$245m |
| Oct 29 2022 | n/a | n/a | US$326m |
| Jul 30 2022 | n/a | n/a | US$410m |
| Apr 30 2022 | n/a | n/a | US$364m |
| Jan 29 2022 | US$6m | US$759k | US$178m |
| Oct 30 2021 | n/a | n/a | US$11m |
| Jul 31 2021 | n/a | n/a | US$0 |
| May 01 2021 | n/a | n/a | -US$335m |
| Jan 30 2021 | US$6m | US$367k | -US$690m |
| Oct 31 2020 | n/a | n/a | -US$531m |
| Aug 01 2020 | n/a | n/a | -US$457m |
| May 02 2020 | n/a | n/a | -US$62m |
| Feb 01 2020 | US$7m | US$756k | US$496m |
| Nov 02 2019 | n/a | n/a | US$552m |
| Aug 03 2019 | n/a | n/a | US$492m |
| May 04 2019 | n/a | n/a | US$514m |
| Feb 02 2019 | US$4m | US$756k | US$564m |
| Nov 03 2018 | n/a | n/a | US$467m |
| Aug 04 2018 | n/a | n/a | US$513m |
| May 05 2018 | n/a | n/a | US$461m |
| Feb 03 2018 | US$6m | US$771k | US$437m |
Compensation vs Market: Erik's total compensation ($USD4.54M) is above average for companies of similar size in the German market ($USD2.47M).
Compensation vs Earnings: Erik's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Erik Nordstrom (59 yo)
5.3yrs
Tenure
US$4,540,362
Compensation
Mr. Erik B. Nordstrom serves as Chief Executive Officer of Nordstrom Inc. since January 10, 2019. He was Co-President of Mr. Nordstrom serves as a Member of Executive Team of Nordstrom Inc., and has been i...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 5.3yrs | US$4.54m | 1.7% $ 49.9m | |
| President | no data | US$4.56m | 1.7% $ 50.0m | |
| CFO & Treasurer | less than a year | US$8.52m | no data | |
| Chief Technology & Information Officer | less than a year | US$6.48m | no data | |
| Chief Customer Officer | 2yrs | US$4.23m | 0.13% $ 3.9m | |
| Head of Investor Relations | no data | no data | no data | |
| Chief Legal Officer | 4.8yrs | no data | 0.052% $ 1.5m | |
| Senior VP & Chief Marketing Officer | 1.8yrs | no data | no data | |
| Chief Human Resources Officer | 1.3yrs | no data | no data | |
| Chief Merchandising Officer | 9.9yrs | no data | 0.54% $ 16.0m | |
| President of Nordstrom Rack | less than a year | no data | 0.062% $ 1.8m | |
| President of Nordstrom Stores | less than a year | no data | 0.027% $ 783.2k |
1.5yrs
Average Tenure
57yo
Average Age
Experienced Management: NRD's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 18.3yrs | US$4.54m | 1.7% $ 49.9m | |
| President | 18.3yrs | US$4.56m | 1.7% $ 50.0m | |
| Independent Director | 4.1yrs | US$284.48k | 0.017% $ 494.8k | |
| Independent Chairman | 8.3yrs | US$441.35k | 0.044% $ 1.3m | |
| Independent Director | less than a year | US$252.16k | 0.0050% $ 145.4k | |
| Independent Director | 5.2yrs | US$292.43k | 0.020% $ 586.2k | |
| Independent Director | 4.1yrs | US$239.64k | 0.017% $ 494.8k | |
| Independent Director | 5.2yrs | US$252.64k | 0.020% $ 586.2k | |
| Independent Director | 6.9yrs | US$254.87k | 0.0071% $ 207.2k | |
| Independent Director | 2.1yrs | US$242.97k | 0.0087% $ 253.8k | |
| Independent Director | less than a year | no data | 0.0031% $ 89.4k | |
| Independent Director | 1.3yrs | US$297.44k | 0.0061% $ 180.0k |
4.6yrs
Average Tenure
59yo
Average Age
Experienced Board: NRD's board of directors are considered experienced (4.6 years average tenure).