Kay Krill, chief executive officer and president of Ann Inc., saw her total pay rise 17.6 percent to $12.7 million last year.
The biggest chunk of Krill’s compensation came in the form of cash incentive pay, which totaled $6.7 million. She also received stock and option awards that were valued at a total of $4.5 million, although she might not realize that amount, given vesting schedules and stock price fluctuations.
Also seeing their pay rise at Ann in 2012 were Brian Lynch, brand president of the Ann Taylor division, whose total compensation rose 45.8 percent to $6.4 million, and Gary Muto, brand president of the Loft division, whose compensation rose 55.2 percent to $6.2 million.
Sears Holding Corp. also weighed in with its executive compensation for the year, which public companies report to the Securities and Exchange Commission ahead of their annual meetings.
And Louis D’Ambrosio, former chief executive officer and president, saw his pay drop 86.9 percent to $1.3 million. This change was mostly attributable to the lack of any stock awards for the former ceo last year. In 2011, he received stock valued at $8 million.
D’Ambrosio was replaced this fiscal year by Edward S. Lampert, who controls the majority of the retailer’s stock and is taking a salary of $1.
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion