Zimmer Biomet's new CEO, Ivan Tornos, earned $10.2 million in total compensation in 2023, according to a recent Securities and Exchange Commission proxy filing.
The devicemaker's March 27 filing revealed the compensation packages for five executives from 2021 to 2023. Compensation packages include salary, stock and option awards, non-equity incentive plan compensation, bonuses and other pay.
Here's what each executive made during that time:
Ivan Tornos, CEO
2023: $10.2 million
2022: $6.4 million
2021: $4.9 million
Bryan Hanson, former chair, president and CEO
2023: $12.8 million
2022: $16.4 million
2021: $15 million
Suketu Upadhyay, CFO and executive vice president of finance, operations and supply chain
2023: $10.4 million
2022: $5.5 million
2021: $4.6 million
Sang Yi, president of APAC
2023: $3.4 million
2022: $3.6 million
2021: $3.4 million
Wilfred van Zuilen
2023: $3.4 million
2022: $2.7 million
2021: $4 million
Chad Phipps, senior vice president, general counsel and secretary
2023: $2.9 million
2022: $3.2 million