Who Were The 101 Highest-Paid Channel Execs In 2016?
Submitted by Michael Novinson on
61. Andy King, Arrow: $2.55M
Position: President, Global Components
Stock Award: $1.25M
Salary: $500,000
Bonus: $321,000
Option Award: $250,000
Other Compensation: $171,000
Deferred Compensation: $53,000
King has spent 12 years at Arrow over two separate stints and was promoted into his current role in November 2015.
The fiscal year for Arrow ended Dec. 31, with sales for the Centennial, Colo.-based distributor climbing 2.3 percent to $23.83 billion and net income jumping 5 percent to $522.8 million. Arrow's stock increased by 34 percent over the 2016 calendar year to $71.30 per share.
Other compensation for King included $94,000 for temporary lodging, $30,000 as a tax equalization payment, $16,000 for relocation allowances, $12,000 for house-hunting trips and storage, $9,000 for housing closing costs, and an $8,000 company contribution to his 401(k).