Who Were The 101 Highest-Paid Channel Execs In 2016?
Submitted by Michael Novinson on
71. Gerry Fay, Avnet: $2.36M
Position: SVP and President, Electronics Marketing
Stock Award: $896,000
Salary: $600,000
Bonus: $421,000
Option Award: $280,000
Deferred Compensation: $149,000
Other Compensation: $17,000
Fay joined Avnet in 2005 and was promoted to the Electronics Marketing presidency in October 2013. Fay this February announced plans to terminate his employment with the distributor in February 2018.
The fiscal year for Avnet ended July 2, with sales for the Phoenix-based distributor slumping 6.1 percent to $26.22 billion and net income tumbling 11.4 percent to $506.5 million. Avnet's stock dropped by 3.4 percent over the company's 2016 fiscal year to $40.27 per share.
Other compensation for Fay included expenses associated with the company's automobile program, as well as the cost of an annual physical exam.