In 2023, Coty’s chief executive officer Sue Nabi leapfrogged her way back to the top spot amid beauty’s highest earning executives.
The reason? A stock allocation of $145.9 million, with graded vesting over several years, subject to conditions.
In second position, the Estée Lauder Cos.’ Fabrizio Freda saw his pay decline for the second year in a row, principally due to a big drop in performance-related incentive pay. Freda’s total pay package for the fiscal year 2023 was $21.8 million, compared with $25.48 million in 2022 and $65.9 million in 2021.
Here, a rundown of the industry’s highest-paid CEOs for 2023, according to company regulatory filings.
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Sue Nabi
Image Credit: Julien Faure/WWD Chief executive officer, Coty Inc.
Total Compensation: $149,429,486
Change Versus Prior Year: +4,100%
Base Salary: $3,549,000
Stock and Option Awards: $145,875,000
Bonus and Incentive Pay: $0
Other Compensation: $5,486
Net Sales: $5.55 billion, +5%
Fiscal Year Ended: June 30, 2023
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Fabrizio Freda
President and chief executive officer, The Estée Lauder Cos.
Total Compensation: $21,811,244
Change Versus Prior Year: -14.3%
Base Salary: $2,100,000
Stock and Option Awards: $15,625,008
Bonus and Incentive Pay: $3,773,050
Other Compensation: $313,186
Net Sales: $15.91 billion, -10%
Fiscal Year Ended: June 30, 2023
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Jon R. Moeller
President and chief executive officer, Procter & Gamble Co.
Total Compensation: $21,715,625
Change Versus Prior Year: +22.6%
Base Salary: $1,600,000
Stock and Option Awards: $14,997,563
Bonus and Incentive Pay: $4,712,000
Other Compensation: $406,062
Net Sales: $82 billion, +2%
Fiscal Year Ended: June 30, 2023
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Thibaut Mongon
Image Credit: Getty Images Chief executive officer, Kenvue Inc.*
Total Compensation: $19,722,593
Change Versus Prior Year: N/A
Base Salary: $1,243,750
Stock and Option Awards: $14,932,319
Bonus and Incentive Pay: $3,518,750
Other Compensation: $27,774
Net Sales: $15.44 billion, +3.3%
Fiscal Year Ended: Dec. 31, 2023
*Kenvue Inc. is the former consumer health activity of Johnson & Johnson, which went public in a carve-out in May 2023.
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Noel Wallace
Image Credit: WireImage Chairman, president and chief executive officer, Colgate-Palmolive Co.
Total Compensation: $17,121,584
Change Versus Prior Year: +18.4%
Base Salary: $1,475,000
Stock and Option Awards: $9,938,958
Bonus and Incentive Pay: $4,777,764
Other Compensation: $929,862
Net Sales: $19.46 billion, +8.5%
Fiscal Year Ended: Dec. 31, 2023
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Rosalind Brewer
Image Credit: Courtesy of Walgreens Boots Alliance Former chief executive officer, Walgreens Boots Alliance*
Total Compensation: $14,134,190
Change Versus Prior Year: -18.2%
Fiscal Year Ended: Aug. 31, 2023
Net Sales: $139.1 billion, +4.8%
Base Salary: $1,500,000
Stock and Option Awards: $10,639,786
Bonus and Incentive Pay: $0
Other Compensation: $1,994,404
*Rosalind Brewer stepped down on Aug. 31, 2023.
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Linda Rendle
Image Credit: Courtesy Chief executive officer, Clorox Co.
Total Compensation: $11,649,650
Change Versus Prior Year: +36.5%
Base Salary: $1,168,269
Stock and Option Awards: $6,999,700
Bonus and Incentive Pay: $3,122,606
Other Compensation: $359,076
Net Sales: $7.39 billion, +4%
Fiscal Year Ended: June 30, 2023
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Matthew T. Farrell
Image Credit: Courtesy Chairman, president and chief executive officer, Church & Dwight Co. Inc.
Total Compensation: $11,182,166
Change Versus Prior Year: +33.5%
Base Salary: $1,183,975
Stock and Option Awards: $7,232,300
Bonus and Incentive Pay: $2,530,700
Other Compensation: $235,191
Net Sales: $5.87 billion, +9.2%
Fiscal Year Ended: Dec. 31, 2023
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Martin Waters
Image Credit: Photo by Robb McCormick Photography www.robbmccormick.com ©2022 Chief executive officer, Victoria’s Secret & Co.
Total Compensation: $10,925,251
Change Versus Prior Year: -12.7%
Base Salary: $1,250,000
Stock and Option Awards: $8,851,198
Bonus and Incentive Pay: $788,738
Other Compensation: $35,315
Net Sales: $6.18 billion, -3%
Fiscal Year Ended: Feb. 3, 2024
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Rod R. Little
Image Credit: Dan Bigelow President and chief executive officer, Edgewell Personal Care
Total Compensation: $10,157,128
Change Versus Prior Year: +12.8%
Base Salary: $1,095,833
Stock and Option Awards: $7,560,774
Bonus and Incentive Pay: $1,727,440
Other Compensation: $133,081
Net Sales: $2.25 billion, +3.7%
Fiscal Year Ended: Sept. 30, 2023