The 10 Highest-Paid CIOs of Public Companies

 
 
By Dennis McCafferty  |  Posted 10-30-2013 Email Print this article Print
 
 
 
 
 
 
 
 
 
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    1-Filippo Passerini, P&G
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    Filippo Passerini, P&G

    Total compensation: $4.97 million, Passerini says he's anything but a "stereotypical" hardcore-techie CIO. "The technology can be learned," he says, "but you cannot teach curiosity."
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    2-Rob Carter, FedEx
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    Rob Carter, FedEx

    Total compensation: $4.87 million, Has been named a member of Fortune magazine's "Dream Team," as well as #18 on Fast Company's list of "100 Most Creative People in Business."
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    3-Deb Butler, Norfolk Southern
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    Deb Butler, Norfolk Southern

    Total compensation: $4.65 million, Butler has a non-tech background: She graduated from Agnes Scott College in 1975 with a degree in English literature, and started at Norfolk Southern as a customer-account auditor.
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    4-Anil Cheriyan, SunTrust Banks
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    Anil Cheriyan, SunTrust Banks

    Total compensation: $3.7 million, Before SunTrust, Cheriyan oversaw business-systems transformation for IBM's global financial-services clients. He has a master's level philosophy degree in management.
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    5-Suren Gupta, Allstate
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    Suren Gupta, Allstate

    Total compensation: $3.57 million, Among other innovations, Gupta's teams have come up with DriveWise, which provides Allstate customers information about their driving habits and reveals how much they can save by improving upon them.
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    6-Matt Carey, Home Depot
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    Matt Carey, Home Depot

    Total compensation: $3.48 million, Before Home Depot, Carey spent two decades at Wal-Mart, where he integrated Walmart.com, Samsclub.com and the company's grocery home delivery business in the U.K.
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    7-J. David Thompson, Western Union
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    J. David Thompson, Western Union

    Total compensation: $3.44 million, Has served former CIO stints for PeopleSoft, Oracle and Symantec. Also worked as an intelligence-systems officer for the U.S. Air Force.
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    8-Lori Beer, WellPoint
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    Lori Beer, WellPoint

    Total compensation: $3.19 million, Beer is a 20-year CPA by trade, and a former CFO. She's worked for Coca-Cola and, ironically, given her last name, Molson Coors Brewing.
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    9-David Barnes, UPS
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    David Barnes, UPS

    Total compensation: $3.13 million, Barnes credits visualization tech for helping UPS create apps to allow London Olympics organizers to transport more than 30 million pieces of equipment, including drug samples and medals.
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    10-Stephen Gillett, Best Buy Digital
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    Stephen Gillett, Best Buy Digital

    Total compensation: $2.96 million, He left Best Buy after just nine months to join Symantec, but stayed long enough to qualify for this list. A star CIO at Starbucks, Gillett was dubbed "Neo" by Best Buy employees, after the hero of the film, The Matrix.
 

Today's most impactful IT leaders often wear their non-tech backgrounds and interests like a badge of honor. For evidence, look no further than the following list of the 10 highest-paid CIOs at publicly traded companies, as taken from a top 20 ranking recently published by Janco Associates. Certainly, these executives represent a new breed of CIOs, that of well-rounded tech leaders. A number of them started out somewhere other than the IT department, and all of them speak to the need for CIOs to support their organization's total strategic vision, especially when it comes to driving ROI-benefiting innovation. Indeed, the rankings demonstrate how much the CIO's role is evolving as a business-focused one instead of being “strictly tech." They also speak to a general state of change within the highest of tech-leadership ranks: Some of included executives are now performing other roles and/or have had their roles expanded. Of the top 20 CIOs on Janco's list, only eight were on the list last year, and another eight are either new to the job or have since left the company. The list was compiled from SEC filings that reflect earnings in 2012. For more about the list, click here.

 
 
 
 
 
Dennis McCafferty is a freelance writer for Baseline Magazine.

 
 
 
 
 
 

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