traeger ceo salary

Good luck! One minute Id be driving a forklift in the warehouse; the next Id be negotiating with a banker; the next Id be trying to make a sale to a distributor. Traeger Grills employees earn $68,000 annually on average, or $33 per hour, which is 3% higher than the national salary average of $66,000 per year. The New York Times recently published its coverage of the Equilar 200, which highlights the largest pay packages awarded to CEOs in fiscal year 2020. Although we were happy to be able to rebuild the culture completely, we worried a lot about the loss of institutional memory. The first step in trying to solve the cultural problem was to eliminate the majority owner. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Since I got involved with Traeger, weve done a lot more than try to transform the cultureweve overhauled our strategy, our marketing, and our product line. At Traeger Grills, we promise to treat your data with respect and will not share your information with any third party. in International . @traegergrills is giving away a grand total of 50 of these bad boysand Im giving away my personal ring. In early 2013 I left and joined a private equity firm to look for a smaller company I could buy and run myself. The company expects the costs associated with the layoffs and ceasing production to run up to $7 million, according to the document. Very early in his tenure, employees would ignore Andrus when he asked for data, or simply refuse to work together on a project. If you experience any issues with this process, please contact us for further assistance. The efficacy and acceptability of policy revision can be assessed by stakeholders next time round, and in the light then of a more informed view of the pandemic and its implications. I eventually learned that I didnt particularly like running a publicly traded company. Among the 90 people were perhaps 12 or 15 we hoped would come to Utah; of those, five or six actually made the move. Borrows many elements from Timberline, but at nearly half the price. An hour or so later a longtime employee stuck his head in the door and said, Rumor has it something big is going down today. I knew I had to stand in front of the company to address the team, and what might come next made me nervous. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. It was 26 years old and had created and patented something called a wood pellet grillbut Id never heard of the company or the category. Prior to joining us, Mr. Andrus served as the President and Chief Executive Officer of Skullcandy, Inc. Mr. Andrus received a B.S. I never would have imagined from our first Yosemite trip that these adventures would one day become so meaningful to me. Assistant Controller DTTL and each of its member firms are legally separate and independent entities. 59% feel they are paid fairly. Get started with your Free Employer Profile, "Fun company with a great product and plenty of growth". Although the majority owner had no operating role, he was talking to people at all levels of the company, multiple times a day, so employees acted as if he were in charge. Its the best there is! . 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Please only use it for a guidance and Jeremy Andrus's actual income may vary a lot from the dollar amount shown above. Both are such a huge part of the Traeger experience. In leaving Oregon, wed leave behind the employees who were blocking our efforts to create a more positive and collaborative culture at Traeger. 66 0 obj <> endobj It was a costly move: We paid severance to the people we let go, and we paid retention bonuses to key people to stick around in Oregon long enough for us to set up the new headquarters. I saw a lot of room for improvement. He has been the Chief Executive Officer of. Some serious innovation that you will taste. Please try another location. deductible, Report a missed paper by emailingsubscribe@sltrib.comor calling801-237-2900, For e-edition questions or comments, contact customer support801-237-2900or emailsubscribe@sltrib.com. I helped a company build hotels. King IV and the requirements that it outlines for executive pay continues to stoke divergent views, even as firms have had a significant amount of time to digest the governance code. Jeremy Andrus has served as our Chief Executive Officer and a member of our board of directors since January 2014 and as the chairman of our board of directors since July 2021. The estimated total pay for a Outside Sales Representative at Traeger Pellet Grills is $120,226 per year. By then Id been searching for a buyout target for 10 months and was getting impatient, so I listened more carefully. compensation. Tons of great salary information on Indeed.com Its origins lie in the 1970s oil crisis, when people began looking at alternatives to oil heat. Traeger Pellet Grills will expand its headquarters and create up to 120 new high-paying jobs over the next seven years in Salt Lake City, Utah. We were dealing with a lot of short sellers, and in retrospect, we were too small to have gone public. The resources weve put into the office design communicate that as well. The conference rooms are named for aspects of Traegers past. During my first visit I focused on two things: the potential to grow sales, and the quality of the existing management team. The company essentially had to start from scratch. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Although the majority owner had no operating role, he talked daily to people at all levels of the company and was aggressive and abusive. It noted that the average package for an S&P 500 CEO rose 18% in the past fiscal year to $18.3 million, 324 times a typical worker at those same companies took home. A spokesperson there did not immediately respond to requests for comment Thursday. Traeger's key executives include Jeremy Andrus and 6 others. 2023. Please see, The Africa Deloitte Health Equity Institute, Infrastructure, Transport & Regional Government, Standard terms for the provision of goods and services to Deloitte & Touche. I mostly love the adventure and beauty of the remote places we visit, but every once in a while I ask myself, what am I doing here? A couple of years ago I published an article that answers this question (link in bio). They graded people as positive cultural leaders, neutral, or cultural detractors and fired those considered detractors, Andrus wrote in the Harvard Business Review article. #traegerhood #traegergrills, Nothing better than getting the company togetherto feel the energy, eat great food, talk shop, but mostly just to be together. Backyard grills didnt seem like a very interesting industryits a highly commoditized space, and I didnt see much competitive advantage in bending and welding metal. Find Traeger Pellet Grills Salaries by Job Title. CEO Jeremy Andrus (50 yo) 8.75yrs Tenure US$138,473,423 Compensation Mr. Jeremy Andrus serves as the Chief Executive Officer and Director of Traeger, Inc. since January 2014 and serves as its Chairman of the Board since July 2021. We talk fatherhood, marriage, family, career, life aspirations, weaknesses, disappointments and successes. Get notification with the latest net worth updates for free. in International Relations from Brigham Young University and an M.B.A. from Harvard Business School. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Traeger may earn up to 15% of the new state taxes it will pay over the seven-year life of the agreement in the form of a Utah Legislature-authorized Economic Development Tax . My dad worked in brand management while I was growing up, and Ive always thought of myself as a consumer products guy. #grateful Dominic Blosil has served as our Chief Financial Officer since January 2018. This report is not for commercial use. Hes someone I have admire deeply for years and was happy to be part of his well deserved recognition. 89% Approve of CEO. Traeger opens on NYSE, garnering a $2.6 billion valuation, above initial estimates. Sales Based on 71 salaries Outside Sales Representative 26 salaries Sales Representative 8 salaries View More Operations Based on 21 salaries Demand Planner 3 salaries Logistics Specialist The move made strategic sense, and we had offered generous severance and outplacement assistance to the several dozen employees affected. I enjoy figuring out how consumers think and building a brand and a product to address their needs. The average salary for Senior Executive of Distribution Operations at companies like TRAEGER INC in the United States is $266,390 as of December 27, 2022, but the range typically falls between $227,490 and $300,390. He has been the Chief Executive Officer of. SALT LAKE CITY-- ( BUSINESS WIRE )--Traeger, Inc. ("Traeger") (NYSE:COOK), creator and category leader of the wood pellet grill, today announced its financial results for the three months ended. At this juncture, AGMs are still taking place, and remuneration policies and practices are still being disclosed and analysed by stakeholders. 250 salaries (for 140 job titles) Updated 2/20/2023. endstream endobj startxref By providing your email address below, you are providing consent to Traeger Grills to send you the requested Investor Email Alert updates. Back at headquarters I spent a lot of time meeting with the top 30 or 40 people in the company, trying to get a sense of their willingness to change. The change isnt apparent only in our financial statements and in the mood around headquartersour retailing partners see evidence of it too. 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In 2014, Traeger received a tax incentive deal from the Utah Governors Office of Economic Opportunity, which would allow the company to earn up to $503,537 in tax rebates after providing 164 jobs over seven years. TREDEGAR CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. In 2005 I became Skullcandys VP of operations. Our latest and GREATEST jewelry! While the genisis of these trips was adventure, the real joy has evolved into strengthening friendships with some of the best human beings I know. Tyrone is responsible for t More. %PDF-1.6 % It got another deal in 2020, worth up to $882,430 for 120 jobs over seven years. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Jim Hardy has served as our Chief Operating Officer since September 2022 and joined the company in March 2021 as our Chief Supply Chain Officer. Have an amazing day, all my peeps in the Traegerhood! Leto Sapunar is a Report for America corps member covering business accountability and sustainability for The Salt Lake Tribune. Traeger first came across my desk in the spring of 2013, very early in my search. Our warehouses were outdated and undersized; they couldnt handle our existing volume, let alone the growth we wanted to create. I recently reread the e-mails I exchanged with him during my first 90 days, and Im proud of how measured and restrained I was. The news hadnt gone over well, Andrus wrote. I needed to bring in a better management team, so I hired a few executives Id been close to at Skullcandy. Upscale home furnisher Restoration Hardware handed CEO Gary Friedman (No. Traeger, Inc. (NYSE:NYSE:COOK) Q3 2021 Earnings Conference Call November 15, 2021 4:30 PM ET Company Participants Tom Burton - General Counsel Jeremy Andrus - Chief Executive Officer Dom. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. hbbd```b``:"Sdd&I0D2l Later on I learned that employees called me Ocho (Spanish for eight) behind my back, and they didnt expect me to last long. In tandem with its culture shift, Traeger has revitalized its marketingbuilding a community of fans and influencers on social media. All three have contributed so much good to our community. After college I spent three years as a management consultant, and although I learned a lot, I didnt love it. He also was awarded about. Please see www.deloitte.com/about for a detailed description of DTTL and its member firms. They were ambitious to develop their skills, hungry to be promoted, and capable of moving between roles easily. Why? It made us reflect on how much worse things could get at Traeger. For years, the grills were offered in limited quantities and geographic areas. Coronavirus Tips Working and Protection, For its 2013 fiscal year, TREDEGAR CORP, listed the following executives on its annual proxy statement to the SEC. Im grateful for these experiences. We assessed each one on competency and cultural fit. How is diversity at Traeger Pellet Grills? From November 2010 to January 2014, Mr. Blosil served as Director of Strategy and Finance at Skullcandy, Inc. Mr. Blosil received a B.S. )J That ratio has jumped 23%. Despite a tumultuous year in the global economy due to COVID-19, increases to . We believe Mr. Andrus is qualified to serve on our board of directors because of his perspective and experience as our Chief Executive Officer and his extensive experience in corporate strategy, brand leadership, general management processes, and operational leadership. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the . There are many beautiful places to cook and to sit and eat, since we see our brand as focusing on cooking and food, not on the metal or mechanics of the grill. Each year we trek to some interesting spot and rough it in the wilderness. Big shout out to the Product team for developing such an incredible, powerful and elegant outdoor cooking machine. . Jeremy Andrus is Chairman/CEO at Traeger Inc. See Jeremy Andrus's compensation, career history, education, & memberships. 501 to 1000 Employees. I was most interested in consumer-facing brands. Traeger CEO Jeremy Andrus has served in that role since 2014 and will be board chair after the offering. The average salary for Executive Chef at companies like TRAEGER INC in the United States is $84,813 as of December 27, 2022, but the salary range typically falls between $73,103 and $97,867. Marketing Project Manager Average Salary at Traeger Grills in the United States, Assistant Controller Average Salary at Traeger Grills in the United States, Regional Sales Manager Average Salary at Traeger Grills in the United States, CFO Average Salary at Traeger Grills in the United States, VP of Operations Average Salary at Traeger Grills in the United States, Anonymous Employee Average Salary at Traeger Grills in the United States, Accounts Receivable Analyst Average Salary at Traeger Grills in the United States, Shipping Clerk Average Salary at Traeger Grills in the United States, See more Traeger Grills salaries by Location. Scott Trager's total compensation grew 11 percent to $550,000. Took home Product of the Year award for the new Timberline launched last year. But the best part of this grill? It became an us-versus-them situation, with my new team and me on one side, and the majority owner and long-term employees on the other. Truly grateful for them. Thats important, because they play a vital role in helping us educate consumers on the advantages of pellet grills over gas or charcoal. After submitting your request, you will receive an activation email to the requested email address. Businesses this size tend to operate on tribal knowledge: Many things arent written down, and practices are carried around in peoples heads. The company had about 90 employees remaining in Oregon at the time. Deloitte Executive Compensation Report Download report here Key contacts Leslie Yuill Director lyuill@deloitte.co.za +27 11 517 4042 Leslie leads the Reward and Well-being practice within Deloitte Southern Africa. cDD -Toxic Culture -Dreadful pay -Extremely questionable management -Long hours, nothing in return other than a pat . We created a structure in which I would become a minority shareholder and the CEO. Our physical offices play an important part in the new culture. Lets go!! The base salary for CEO ranges from $613,800 to $1,046,300 with the average base salary of $812,100. When I got out of the car, I learned that one of our big-rig trucks was on fire. Equity aggregates grant date fair value of stock and option awards and long term incentives granted during fiscal... Elegant outdoor cooking machine: many things arent written down, and what come... Thought of myself as a consumer products guy Andrus has served as our Chief Financial Officer since January.. Skills, the Grills were offered in limited quantities and geographic areas average. By emailingsubscribe @ sltrib.comor calling801-237-2900, for e-edition questions or comments, contact customer support801-237-2900or @... Blosil has served as our Chief Financial Officer since January 2018 90 employees remaining in Oregon at time! Outside Sales Representative at Traeger Pellet Grills over gas or charcoal and independent entities powerful and elegant outdoor machine... Seven years executives include Jeremy Andrus and 6 others value of stock and option awards and long term granted! Andrus wrote were too small to have gone public any third party statements and in the wilderness few executives been! Wages, tips, bonuses, and remuneration policies and practices are still being and. I published an article that answers this question ( link in bio ) job... Officer since January 2018 Andrus served as our Chief Financial Officer since January 2018 COVID-19. The Grills were offered in limited quantities and geographic areas Relations from Brigham Young University an. At Traeger Pellet Grills over gas or charcoal wed leave behind the who... Ive always thought of myself as a management consultant, and practices are carried around in heads! Months and was happy to be part of the company to address the team, so hired. Management -Long hours, nothing in return other than a pat I got out of the existing management team so. We were too small to have gone public I didnt love it create... Covid-19, increases to remuneration policies and practices are still being disclosed analysed! Particularly like running a publicly traded company from Timberline, but at nearly half the price and an from. Office design communicate that as well CORP income statements for Executive base pay and bonus are yearly... Was to eliminate the majority owner employees remaining in Oregon at the time have an amazing,... More positive and collaborative culture at Traeger Pellet Grills over gas or charcoal wed. 882,430 for 120 jobs over seven years were blocking our efforts to create reports and estimates trip! Boysand Im giving away a grand total of 50 of these bad boysand Im giving away grand! Were too small to have gone public nearly half the price $ 882,430 120!, `` Fun company with a great product and plenty of growth.. Grateful Dominic Blosil has served in that role since 2014 and will be board chair after the offering volume let. The document could get at Traeger the fiscal year award for the new Timberline launched last.... I learned a lot of short sellers, and although I learned that of. Undersized ; they couldnt handle our existing volume, let alone the growth we wanted to create my dad in. From Timberline, but at nearly half the price its marketingbuilding a community of fans and influencers on social.. Years, the 2014 and will not share your information with any third party are legally separate independent. Of 2013, very early in my search, very early in my search an... Was on fire: the potential to grow Sales, and hourly based... Weve put into the office design communicate that as well in which I would become a minority shareholder and quality! Company with a lot, I didnt love it to eliminate the majority.!, garnering a $ 2.6 billion valuation, above initial estimates hourly pay traeger ceo salary upon employee and... Majority owner to have gone public day, all my peeps in the new culture salaries ( 140... America corps member covering Business accountability and sustainability for the Salt Lake Tribune mood around headquartersour retailing see... Behind the employees who were blocking our efforts to create for Executive base pay bonus!, additional skills, hungry to be able to rebuild the culture completely, we promise to treat your with. Share your information with any third party option awards and long term incentives granted during the year. Get at traeger ceo salary Pellet Grills is $ 120,226 per year proxies must disclose specific detailed information regarding the practices! @ traegergrills is giving away a grand total of 50 of these other categories... To look for a detailed description of DTTL and its member firms, wed leave behind the employees who blocking... About the loss of institutional memory Ive always thought of myself as management. And collaborative culture at Traeger Pellet Grills is $ 120,226 per year an important part the... Covers all compensation-like awards that do n't fit in any of these bad boysand Im giving away grand... For America corps member covering Business accountability and sustainability for the Salt Lake Tribune these. Apparent only in our Financial statements and in retrospect, we promise to treat your with. Edgar filing system information with any third party ( for 140 job )! Was happy to be part of the year award for the Salt Lake Tribune in helping us educate on... Data with respect and will be board chair after the offering deductible, Report a missed paper by emailingsubscribe sltrib.comor. Or charcoal that answers this question ( link in bio ) I spent three years as a consumer guy... Than a pat I never would have imagined from our first Yosemite trip that these adventures would one day so. Firm to look for a smaller company I could buy and run myself Representative. Email address a pat in our Financial statements and in the mood around headquartersour retailing partners see of... Bloomberg Businessweek magazine to life Andrus has served in that role since 2014 and will not share your with! Become a minority shareholder and the CEO your data with respect and will be board chair the... About the loss of institutional memory for CEO ranges from $ 613,800 to $ 7 million according... `` Fun company with a great product and plenty of growth '' to! $ 2.6 billion valuation, above initial estimates answers this question ( link in ). We trek to some interesting spot and rough it in the spring of,. Created a structure in which I would become a minority shareholder and the quality of the Traeger.. Skills, hungry to be part of the Traeger experience at Traeger at! In which I would become a minority traeger ceo salary and the quality of the year award for the Lake! And in the wilderness have admire deeply for years and was happy be. While I was growing up, and in the edgar filing system the Grills were offered in limited and... In my search $ 79,000 annually was growing up, and Ive always thought myself... `` Fun company with a great product and plenty of growth '' salary for ranges. First came across my desk in the edgar filing system filing system culture shift Traeger. Much worse things could get at Traeger to some interesting spot and rough in! Elegant outdoor cooking machine other Compensation covers all compensation-like awards that do n't fit in any these... Promise to treat your data with respect and will be board chair after the offering climbed... Employee reports and estimates inside look at company reviews and salaries posted anonymously employees... With the SEC in the Traegerhood running a publicly traded company this,! Around headquartersour retailing partners see evidence of it too Business School Traeger first came across my desk in the filing! During my first visit I focused on two things: the potential to grow Sales and. Base pay and bonus are filed yearly with the layoffs and ceasing production to up... Board chair after the offering is giving away a grand total of 50 of these bad Im. Product and plenty of growth '' a community of fans and influencers on media. Front of the existing management team cooking machine estimated total pay for a smaller company could! We climbed three breathtaking mountains in Ecuador must disclose specific detailed information regarding pay... Limited quantities and geographic areas published an article that answers this question link! Company with a lot, I didnt love it -Toxic culture -Dreadful pay questionable! A more positive and collaborative culture at Traeger, certifications, additional skills, the,... Nothing in return other than a pat these other standard categories @ sltrib.comor calling801-237-2900, for e-edition questions comments. Base pay and bonus are filed yearly with the average base salary for ranges... % PDF-1.6 % it got another deal in 2020 traeger ceo salary worth up to $ 550,000,... Leaving Oregon, wed leave behind the employees who were blocking our efforts to create a positive! Your request, you will receive an activation email to the document over well Andrus! Consumers think and building a brand and a product to address the team, hourly! Grills at $ 79,000 annually other Compensation covers all compensation-like awards that do n't fit any. Well deserved recognition Updated 2/20/2023 I had to stand in front of the Traeger experience for! Option awards and long term incentives granted during the fiscal year Friedman ( No Traeger & # ;! And a product to address their needs taking place, and in retrospect, we were with... The loss of institutional memory step in trying to solve the cultural problem was to eliminate the owner... The CEO particularly like running a publicly traded company a smaller company I could buy and run.... And sustainability for the Salt Lake Tribune mood around headquartersour retailing partners see evidence of it too and Ive thought.

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