Furniture Brands CEO's total compensation rises 8%

Furniture Today Staff -- Furniture Today, March 15, 2013

ST. LOUIS — Furniture Brands International Chairman and CEO Ralph Scozzafava's total compensation including stock awards last year was up 8% from 2011, according to a company regulatory filing.

An earlier story on this website reported only on his non-stock compensation, which rose sharply because of a long-term incentive bonus.

According to the company's proxy statement, Scozzafava's total 2012 compensation was $1.98 million, including stock awards valued at $591,302. In 2011, he had received stock awards valued at $335,736 and option awards valued at $669,856. No option awards were granted in 2012.

Among other current senior executives listed in the proxy, Dan Bradley, president of the company's Designer Brands, received total compensation of $585,515 in 2012 including stock awards valued at $75,687. His 2011 pay was not listed.

Raymond Johnson, senior vice president, global supply chain, had total compensation of $651,290 last year, including stock awards of $65,524. His total was down 7.2% from 2011.

Ed Teplitz, president of Thomasville, received total compensation of $663,465, including stock awards valued at $102,493. The total was up 7.3% from the previous year.

Two former executives also were named in the proxy. Steven Rolls, former chief financial officer, received compensation of $1.54 million in 2012, including $1.1 million in severance pay, and Jon Botsford, former senior vice president, general counsel and secretary, received just over $1 million, including $774,993 in severance.