Who Were The 101 Highest-Paid Channel Execs In 2016?
Submitted by Michael Novinson on
101. Marshall Witt, Synnex: $1.66M
Position: Chief Financial Officer
Bonus: $484,000
Salary: $438,000
Stock Award: $394,000
Option Award: $337,000
Other Compensation: $10,000
Witt joined Synnex in his current role in April 2013. Before that, he spent 15 years at FedEx Corp. in financial and operational positions.
The fiscal year for Synnex ended Nov. 30, with sales for the Fremont, Calif.-based distributor growing 5.4 percent to $14.06 billion and net income jumping 12.7 percent to $234.9 million. Synnex's stock rose 24.8 percent during the company's 2016 fiscal year to $116.91 per share.
Other compensation for Witt included $9,000 of dividend payments on unvested restricted stock awards, as well as $1,200 of company contributions to his 401(k) retirement savings plan.