by Kim S. Nash

The Richest CIOs: Our Annual List of Top Earners

Nov 16, 2009
Data Center

Bigtime CIOs have endured a volatile year, and their wallets have felt the impact. The sour economy and politics involved have led to a huge drop in performance bonuses and rejiggered our annual list of high-paid technology leaders. rn

Which CIOs are earning the most? What does a top CIO’s total compensation look like? The below chart details 2008 earnings for the top money-makers at public companies.

Methodology note: This list is based on publicly-filed SEC documents. It represents only CIOs from public companies among the Fortune 1000, where the CIO is one of the company’s 5 highest-paid officers.

The total compensation figure combines value of stock and options awards, incentive payouts, perks, pension contributions and other compensation.

For more background on CIO salaries, see our related story, “Richest CIOs: What’s Behind Smaller Bonuses.”

CIO Earnings

Top Technology Executive Title Company Total 2008 Compensation Salary
Randall Mott EVP, CIO Hewlett-Packard $28,293,134 $690,000
Larry Kittelberger SVP Technology and Operations Honeywell International $8,030,866 $712,788
Sam Leno EVP Finance and Information Systems, CFO Boston Scientific $6,321,255 $621,721
Steve Squeri EVP Corporate Development and CIO American Express $6,252,701 $600,000
Bill Chenevich Vice Chairman, Technology and Operations Services US Bancorp $5,384,509 $537,521
Franck Moison President Global Marketing, Supply Chain and Technology Colgate-Palmolive $5,058,159 $641,667
Bob DeRodes former EVP, CIO Home Depot $4,836,618 $462,769
Tim Shack former EVP, CIO PNC Financial Services Group $4,577,332 $510,000
Glen Salow EVP Service Delivery and Technology Ameriprise Financial $4,071,987 $475,000
Randy Darcy* EVP Worldwide Technology and Operations General Mills $3,476,976 $489,895
Robert Willett* CIO Best Buy; CEO Best Buy International Best Buy $3,468,486 $821,157
Anil Kottoor SVP, CIO WellCare Health Plans $3,079,961 $305,000
Anna Ewing EVP, Global Software Development and CIO NASDAQ OMG Group $2,791,709 $400,000
Patrick McNamee EVP Operations and Technology Express Scripts $2,769,387 $464,981
Deborah Butler EVP Planning and CIO Norfolk Southern $2,723,561 $435,000
Michael Maslowski SVP, CIO CenturyTel $2,672,770 $353,712
Greg Framke EVP, Chief Information and Operations Officer Etrade Financial $2,059,718 $421,731
Kenneth Tye Sr. Exec. VP, CIO Total System Services $2,047,126 $440,013
David Johns SVP, Supply Chain and IT Officer Owens Corning $1,816,368 $367,500
David Kelley EVP, CIO TD Ameritrade $1,792,653 $300,000
Thomas Frank EVP, CIO Interactive Brokers Group $1,778,179 $312,000
Jenny Bolt EVP Operations and Technology Franklin Resources $1,768,722 $506,250
Michael Cheles VP IT MEMC Electronic Materials $1,745,238 $237,000
Rob Autor former EVP, CIO SLM $1,741,720 $350,000
Tim Sullivan Corporate EVP, CIO SunTrust Banks $1,698,634 $484,067
Bruce Goodman SVP, Chief Service and Information Officer Humana $1,588,048 $489,385
Lisa Bachmann SVP Merchandise Planning/Allocation and CIO Big Lots $1,572,566 $436,222
John Alexander Du Plessis Currie EVP, CIO Brightpoint $1,400,797 $475,000
Richard Flaks SVP, Planning, Allocation and IT The Children’s Place $1,382,189 $494,497
Mahvash Yazdi SVP, CIO Edison International $1,228,790 $394,947
Calvin Sihilling EVP, CIO Nash-Finch $1,189,392 $378,866
Jeanne Moreno VP, CIO Snap-On $1,177,949 $319,340
Raymond Voelker CIO Progressive $1,170,457 $377,307
Scott Arvidson EVP, CIO Kansas City Southern $1,141,863 $336,386
Joseph Osbourn* EVP, CIO Tech Data $1,127,556 $498,001
Pierre Samec CTO Expedia $1,070,060 $350,000
Keith Morrow SVP, CIO Blockbuster $1,054,104 $350,000
Michael Relich SVP, CIO Guess? $977,590 $386,154
Gregory Tranter SVP, CIO The Hanover Insurance Group $948,736 $369,231
Richard White Former SVP, CIO MPS Group $916,176 $250,000
Richard Smith* SVP, CIO CarMax $864,800 $338,308
Lawrence DelGatto EVP, CIO Radian Group $845,018 $300,000
Kenneth Smith SVP, CIO and Human Resources Officer PolyOne $840,753 $333,308
Jon Kerner SVP, CIO MPS Group $837,517 $250,000
Larry Thomas VP, CIO Landstar Systems $808,482 $206,000
Dudley Sondeno SVP, Chief Knowledge and Technology Officer Southwest Gas $792,009 $272,377
Paul G.P. Hoogenboom* SVP, Manufacturing and Operations, CIO RPM International $727,055 $346,000
Bruce Marcus EVP, CIO McGraw-Hill $651,861 $420,000
Allan Lubitz SVP, CIO Mercury General $604,708 $325,000
Laurie Douglas SVP, CIO Publix Super Markets $540,093 $505,600
Richard George VP, Controller and CIO The Andersons $504,100 $210,885
Kenneth DeWitt VP, CIO United Rentals $459,486 $205,077

Source: SEC documents. *2009 figures were used when 2008 figures were not available.

CIO magazine assistant editor Simone Levien contributed research support to this project.

Follow senior editor Kim S. Nash on Twitter @knash99. Follow everything from on Twitter @CIOonline.