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Kay Krill, chief executive officer and president of Ann Inc., saw her total pay rise 17.6 percent to $12.7 million last year.
This story first appeared in the March 29, 2013 issue of WWD. Subscribe Today.
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.
Last year, Krill’s pay of $10.8 million made her the third-highest paid woman in the U.S. fashion and retail world, according to WWD’s tally of 67 of the industry’s top executives. She came in behind Jackwyn Nemerov, executive vice president at Ralph Lauren Corp., who made $12.1 million, and Carol Meyrowitz, chief executive officer of The TJX Cos. Inc., who made $11.1 million.
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.