Issue link: https://nebusinessmedia.uberflip.com/i/1401085
40 Worcester Business Journal | August 16, 2021 | wbjournal.com LO KING Many of our doctors are welcoming new patients. Meet them at reliantmedicalgroup.org. for a new doctor? Highest-paid CEOs Ranked by total compensation for most recent fiscal year available for public companies headquartered in Central Mass.(a) Name Total compensation CEO pay ratio/ median employee compensation (b) Salary/ bonus Non-equity incentive plan compensation Option awards/ stock awards Other annual compensation 1 Lee Delaney (c) former president & CEO BJ's Wholesale Club Inc., Westborough $16,157,250 1,459:1 $11,072 $1,200,000 —- $3,600,000 —- $10,999,950 $357,300 2 Ernie Herrman (d) president & CEO The TJX Cos. Inc., Framingham $14,541,737 1,108:1 $13,135 $1,489,232 —- $3,014,278 —- $7,862,971 $265,492 3 Stephen P. MacMillan chairman, president & CEO Hologic Inc., Marlborough $14,125,674 167:1 $84,375 $1,092,604 —- $3,278,181 $2,106,425 $7,261,555 $386,909 4 Michael F. Mahoney chairman & CEO Boston Scientific Corp., Marlborough $13,773,795 232:1 $59,332 $666,878 —- $1,485,000 $2,749,991 $8,395,367 $76,873 5 Christopher J. O'Connell (e) former president & CEO Waters Corp., Milford $12,232,506 106:1 $67,703 $850,500 —- $928,364 $3,848,179 $2,286,004 $4,319,459 6 Krishan Canekeratne (f) former chairman & CEO Virtusa Corp., Westborough $8,235,743 630:1 $13,076 $525,000 —- —- —- $7,710,743 —- 7 John C. Roche president & CEO The Hanover Insurance Group Inc., Worcester $6,234,413 61:1 $102,218 $1,025,000 —- $2,100,000 $750,953 $2,249,680 $108,780 8 Udit Batra (g) president & CEO Waters Corp., Milford $5,713,517 106:1 $67,703 $284,615 —- $394,036 $2,499,938 $2,499,928 $35,000 9 Robert J. Willett president & CEO Cognex Corp., Natick $3,507,561 44:1 $79,698 $173,469 —- —- $3,322,440 —- $11,652 10 James Green chairman, president & CEO Harvard Bioscience Inc., Holliston $2,620,453 —- $573,710 $215,304 —- $573,710 $1,223,771 $33,958 11 Donald R. Young president & CEO Aspen Aerogels Inc., Northborough $2,298,853 —- $495,652 —- —- $1,605,335 $176,248 $21,617 12 Daniel P. McGahn (h) president & CEO AMSC, Ayer $2,111,508 30:1 $71,432 $500,000 —- $622,500 —- $978,750 $10,258 13 Valentin P. Gapontsev chairman & former CEO IPG Photonics Corp., Oxford $1,943,900 53:1 $36,416 $930,000 —- $934,900 —- —- $79,000 14 George P. Sakellaris president & CEO Ameresco Inc., Framingham $1,469,973 15:1 $100,224 $950,481 $500,000 —- —- —- $19,492 15 Raymond C. Kubacki chairman, president & CEO Psychemedics Corp., Acton $685,201 —- $509,654 —- —- $16,951 $142,450 $16,146 Source: Proxy statements filed with the U.S. Securities & Exchange Commission and/or disclosed on company websites. (a) Compensation is for fiscal year 2020 unless otherwise noted. (b) See company filings for details on how pay ratio and median compensation were calculated. (c) Effective April, 19, 2021, Bob Eddy, EVP, chief administrative and financial officer was named first interim CEO and subsequently permanent president and CEO upon the passing of President and CEO Lee Delaney. In fiscal year 2021, Bob Eddy received $5,469,153 in total compensation. (d) Data are for fiscal year ending Jan. 30, 2021. (e) Stepped down as president and CEO; succeeded by Udit Batra effective Sept. 1, 2020 but remained employed by Waters Corp. until Dec. 31, 2020 (f) Founder and CEO Krishan Canekeratne departed on June 30, following the Feb. 11, 2021 acquisition and privatization of Virtusa Corp. by Hong Kong-based Baring Private Equity Asia. (g) Succeeded Christopher J. O'Connell effective Sept. 1, 2020; O'Connell remained employed by Waters Corp. until Dec. 31, 2020 (h) All figures for fiscal year ending March 31, 2020, which is noted as fiscal 2019 in SEC documents - Compiled by: Heide Martin, hmartin@nebusinessmedia.com Source: Proxy statements filed with the U.S. Securities & Exchange Commission and/or disclosed on company websites. (a) Compensation is for fiscal year 2020 unless otherwise noted. (b) See company filings for details on how pay ratio and median compensation were calculated. (c) Effective April, 19, 2021, Bob Eddy, EVP, chief administrative and financial officer was named first interim CEO and subsequently permanent president and CEO upon the passing of President and CEO Lee Delaney. In fiscal year 2021, Bob Eddy received $5,469,153 in total compensation. (d) Data are for fiscal year ending Jan. 30, 2021. (e) Stepped down as president and CEO; succeeded by Udit Batra effective Sept. 1, 2020 but remained employed by Waters Corp. until Dec. 31, 2020 (f) Founder and CEO Krishan Canekeratne departed on June 30, following the Feb. 11, 2021 acquisition and privatization of Virtusa Corp. by Hong Kong-based Baring Private Equity Asia. (g) Succeeded Christopher J. O'Connell effective Sept. 1, 2020; O'Connell remained employed by Waters Corp. until Dec. 31, 2020 (h) All figures for fiscal year ending March 31, 2020, which is noted as fiscal 2019 in SEC documents - Compiled by: Heide Martin, hmartin@nebusinessmedia.com Highest-paid CEOs Ranked by total compensation for most recent fiscal year available for public companies headquartered in Central Mass. (a) T H E L I S T