CEO of AmerisourceBergen Corp. recieves $5.5M in compensation

by Marley Seaman

The president and CEO of drug distributor AmerisourceBergen Corp. received a compensation package valued at $5.5 million in 2009, up 3 percent from the year before, according to Associated Press calculation of figures filed with regulators Tuesday.

The company said R. David Yost’s salary rose by 4 percent, to $1.2 million, and his performance-based cash bonus grew 11 percent to $3 million. However the value of his stock and options on the dates they were granted dropped 16 percent to $1.1 million.

The value of Yost’s other compensation edged up 3 percent to about $134,000. Most of that total came from came from his supplemental 401(k) plan, which was valued at about $93,000.

Yost, 62, has been AmerisourceBergen’s CEO since 2001, and its president since September 2007.

For the fiscal year ended Sept. 30, the Chesterbrook, Pa., company’s operating profit grew 7 percent due to lower expenses and better profit margins. Revenue rose 2 percent to $71.76 billion.

You may also like...