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Microsoft nominates ADP CEO Carlos Rodriguez to board, reports Satya Nadella’s 2021 compensation
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Microsoft nominates ADP CEO Carlos Rodriguez to board, reports Satya Nadella’s 2021 compensation

Carlos Rodriguez, the CEO of payroll providers large ADP, has been nominated to Microsoft’s board of administrators.

Microsoft’s board would increase to 12 members if his choice is accredited by the corporate’s shareholders at its annual assembly on Nov. 30.

Rodriguez has been ADP’s CEO since 2011, after becoming a member of the corporate in 1999. He “brings distinctive business and know-how experience, in addition to deep understanding of adjusting work norms,” stated Satya Nadella, Microsoft CEO and chairman, in a news release announcing the nomination.

The nomination was included in Microsoft’s newly released proxy statement, which additionally consists of particulars on shareholder proposals and govt compensation.

Microsoft’s board boosted Nadella’s whole compensation to $49.9 million for 2021, up from $44.3 million the prior yr.

Nadella’s 2021 compensation consists of inventory awards value $33 million (up from $30.7 million); non-equity incentive compensation of $14.2 million; (up from $11 million); and a base wage of $2.5 million, the identical because the prior yr.

Comply with-up: Report card: Microsoft’s board boosts CEO Satya Nadella’s annual compensation to nearly $50M

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