Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Reynolds American, Inc.    RAI   US7617131062

SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

Reynolds American CEO Delen's 2011 Pay Grew 38%

03/02/2012 | 05:03pm US/Eastern
Recommend:
0
   By John Kell 
   Of  
 

Total pay for Reynolds American Inc.'s (>> Reynolds American, Inc.) Chief Executive and President Daniel Delen jumped 38% to $8.5 million in 2011 from the previous year, according to a filing with the Securities and Exchange Commission.

The nation's second-largest tobacco company behind Altria Group Inc. (>> Altria Group, Inc.) disclosed Delen's base salary and stock awards grew, though nonequity incentive plan compensation dropped.

Delen became president and CEO-elect of Reynolds American at the beginning of 2011, after the company announced Susan Ivey's retirement, and permanently assumed the roles in March last year. Prior to joining Reynolds American in early 2007, Delen was an executive at British American Tobacco PLC (>> British American Tobacco plc).

Ivey's total compensation was $23.8 million for her final full year of employment in 2010 and dropped 84% to $3.8 million the following year, when she was employed by Reynolds American for two months.

The figures were part of a preliminary proxy statement Reynolds American filed with the SEC late Thursday.

Reynolds American has shifted its focus toward a few key brands as cigarette volumes decline industrywide. The company has also diversified into smokeless tobacco and is seeking broader appeal with Camel dissolvables. Last month, Reynolds American reported its fourth-quarter profit rose 16% as higher prices and improvements to productivity helped lift operating margins.

Shares fell 2 cents to $42.05 after hours.

-By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com

Recommend :
0
React to this article
Latest news on REYNOLDS AMERICAN, INC.
4h ago REYNOLDS AMERICAN : Auger promoted to executive vice president of trade marketin..
4d ago REYNOLDS AMERICAN : Change in Directors or Principal Officers, Financial Stateme..
4d agoDJU.S. HOT STOCKS : Hot Stocks to Watch
4d ago REYNOLDS AMERICAN : Debra Crew named president, chief commercial officer of R.J...
6d ago REYNOLDS AMERICAN : Amendment or Waiver to Code of Ethics, Financial Statements ..
09/12 REYNOLDS AMERICAN : RAI selected again to Dow Jones Sustainability North America..
09/08 REYNOLDS AMERICAN, INC. : ex-dividend day
09/05 Buying a brand
09/04 REYNOLDS AMERICAN : Cigarette co Reynolds taking nicotine gum national
09/03 Lorillard subsidiaries sue Zippo in the UK over blu e-cig
Advertisement
Chart
Duration : Period :
Reynolds American, Inc. Technical Analysis Chart | RAI | US7617131062 | 4-Traders
Income Statement Evolution
Reynolds American, Inc. : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF