Chris Pappas, the long-standing Chief Executive Officer of The Chefs' Warehouse, Inc., receives a total yearly compensation of $5.03 million. This significant sum reflects his role at the helm of the specialized food distributor.
Executive Compensation Structure
Mr. Pappas's compensation package is structured to align his incentives with the company's performance, with a substantial portion tied to variable components. His total yearly compensation is primarily comprised of two main elements:
- Salary: A base salary accounts for 20.3% of his total compensation.
- Bonuses and Equity: The vast majority, 79.7%, comes from bonuses, which include company stock and options. This structure emphasizes performance-based pay, rewarding him for achieving company goals and enhancing shareholder value through equity grants.
To illustrate the breakdown, consider the following:
| Compensation Component | Percentage of Total |
|---|---|
| Base Salary | 20.3% |
| Bonuses & Equity | 79.7% |
| Total | 100% |
Significant Share Ownership
Beyond his annual compensation, Mr. Pappas holds a substantial direct ownership stake in Chefs' Warehouse, further tying his financial well-being to the company's success. He directly owns 6.31% of the company's shares. As of recent valuations, these shares are worth approximately $120.69 million. This considerable equity stake underscores his vested interest in the long-term growth and profitability of the company.
Leadership and Tenure
Chris Pappas has been instrumental in shaping Chefs' Warehouse, having been appointed CEO in January 1985. His tenure spans nearly four decades, accumulating a remarkable 39.92 years of leadership. This extensive experience provides valuable stability and deep institutional knowledge to the company's operations and strategic direction. His long-standing commitment highlights a deep personal and professional investment in the company's trajectory.
