Omnicom CEO John Wren, who hasn’t had a salary hike in 19 years, earned $20M in 2021 total compensation, which was up 79.3 percent from the year-earlier period.
Along with other top executives, Wren did not take a salary from April 1 through September 2020 as part of the response to the COVID-19 crisis.
The 69-year-old chief collected $1M in salary, $8.1M in stock awards and a $10.6M cash award as part of the firm’s bonus scheme during the past year.
Wren’s employment agreement runs through 2024 and “is subject to annual automatic renew for successive one-year terms unless either party provides timely written notice of an intent not to renew,” according to the company’s proxy for the May 3 annual meeting in Charlotte.
If Wren steps down as CEO, he will continue as executive chairman, while he serves on the board of directors.
Phillip Angelastro, executive VP/CFO, finished second in the compensation race. His total comp jumped 139 percent to $9.8M.
Daryl Simm, the former media group chief who stepped into the newly created president and COO post on Nov. 1, debuted on the list of OMC’s top five highest-paid executives.
He earned a salary of $975K and total comp of $8.8M.