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84 Worcester Business Journal | Book of Lists 2022 | wbjournal.com F O C U S G E N E R A L I N T E R E S T Ameresco profits rose 24% in its fourth quarter, due to several major deals such as its 15-year energy service agreement with Kauai Beach Resort in Hawaii and its commercial operations for a comprehensive microgrid and facility renewal project at the London District Catholic School Board's John Paul II Catholic Secondary School. Since Stephen MacMillan assumed leadership of Hologic in 2013, the medical device manufacturer has reached $3.8 billion in annual revenue and 7,129 employees worldwide, including 983 in Central Massachusetts. In February, Cognex Corp. reported $244 million for fourth quarter revenue and $1.04 billion in annual revenue for 2021, the first time the company crossed the $1-billion milestone for a year. The Hanover Insurance Group, Inc. in Worcester was one of six local firms named America's Most Responsible Companies by the magazine Newsweek in January. Highest-paid CEOs (1) Ranked by total compensation for fiscal year 2021 CEO Total compensation CEO pay ratio/ median employee compensation (2) Salary/ bonus Non-equity incentive plan compensation Option awards/ stock awards Other annual compensation 1 Ernie Herrman The TJX Cos. Inc., Framingham $31,802,000 (3) 2,249:1 $14,139 $1,600,001 DND $7,537,124 DND $21,754,956 $604,391 2 Lee Delaney (4) B.J.'s Wholesale Club, Westborough $21,626,020 DND $231,346 DND DND DND $21,275,695 $118,979 3 Bob Eddy (5) B.J.'s Wholesale Club, Westborough $16,340,546 859:1 $19,021 $1,116,355 $466,667 $3,600,000 DND $10,999,934 $157,590 4 Michael F. Mahoney Boston Scientific Corp. $16,064,039 (6) 233:1 $68,891 $1,344,329 DND $2,346,000 $2,749,999 $9,126,292 $137,419 5 Stephen MacMillan Hologic Inc., Marlborough $14,748,400 164:1 $89,791 $1,092,727 DND $2,835,627 DND $7,759,570 $585,694 6 Robert J. Willet Cognex Corp., Natick $10,534,520 119:1 $88,713 $651,334 DND $3,687,250 $4,153,512 $2,033,544 $8,880 7 Udit Batra Waters Corp., Milford $8,653,559 116:1 $74,470 $1,000,000 DND $2,350,241 $2,499,991 $2,785,291 $18,036 8 Donald R. Young Aspen Aerogels Inc., Northborough $8,367,611 DND $511,402 DND $447,535 $528,744 $6,678,246 $31,734 9 Eugene Scherbakov (7) IPG Photonics Corp., Oxford $7,284,851 (8) 169:1 $44,504 $803,200 DND $1,919,896 DND $4,406,457 $155,298 10 George Sakellaris Ameresco Inc., Framingham $7,046,400 70:1 $101,351 $1,163,462 $625,000 DND DND DND $24,863 11 John C. Roche The Hanover Insurance Group Inc., Worcester $6,773,668 60:1 $112,291 $1,023,077 DND $2,163,000 $875,224 $2,625,160 $87,207 12 Valentin Gapontsev (9) IPG Photonics Corp., Oxford $3,254,034 (8) DND $846,154 DND $2,273,116 DND DND $134,764 13 James W. Green Harvard Bioscience Inc., Holliston $2,737,454 DND $573,710 DND $390,123 DND $1,721,140 $52,481 14 Daniel P. McGahn AMSC, Ayer $1,926,058 25:1 $77,180 $525,000 DND $283,500 DND $1,107,000 $10,558 15 Gerritt Dispersyn Phio Pharmaceuticals, Marlborough $751,479 DND $403,390 DND $136,688 DND $210,826 $575 16 Douglas A. Starrett The L.S. Starrett Co., Athol $669,096 DND $359,615 DND $127,500 DND $168,500 $13,481 17 Raymond C. Kubacki Psychemedics Corp., Acton $623,852 DND $430,702 $42,500 DND DND $150,650 DND 18 Alexander Shen Techprecision Corp., Westminster $305,500 DND $300,000 DND DND DND DND $5,500 Source: Proxy statements filed with the U.S. Securities & Exchange Commission. Note: DND=did not disclose. (1) For public companies headquartered in Central Mass. (2) See company filings for details on how pay ratio and median compensation were calculated. (3) Includes change in pension value and non-qualified deferred compensation of $305,528; Total compensation excluding modifications to previously granted stock awards is $19,679,954. (4) Lee Delaney died on April 7, 2021. (5) Appointed president & CEO on April 19, 2021 following the passing of Lee Delaney (6) Includes change in pension value and non-qualified deferred compensation of $360,000 (7) Appointed CEO on May 4, 2021 (8) Portions of amounts paid to Eugene Scherbakov and the late Valentin Gapontsev were denominated in Euros and Rubles. (9) Valentin Gapontsev died on Oct. 22, 2021. -Compiled by Stephanie R. Meagher, research@nebusinessmedia.com TJX Cos., Inc. in April announced plans to achieve net-zero greenhouse gas emissions by 2040 with hopes to source 100% of its operations with renewable energy by 2030 and divert 85% of its operational waste from landfills by 2027.