Dynatrace’s Most Highly Compensated Executives In Fiscal 2023
Dynatrace’s top six named executives earned over $40 million in combined compensation in 2023. Those top leaders included CEO Rick McConnell. Here’s how much six execs were compensated in FY23 at the security and observability company.
Dynatrace’s six top executives reported more than $40 million in combined total compensation during fiscal year 2023, including over $14 million to its relatively new CEO.
The Waltham, Mass.-based cybersecurity and observability company generated $1.16 billion during its fiscal year 2023, which ended March 31.
Dynatrace (NYSE: DT) dished out approximately $40.9 million in combined total pay to six executives, which includes one leader who is no longer at the company, as well as another executive who plans to retire later this year, according to a recent company filing with the U.S. Securities and Exchange Commission.
Six of the most highly compensated executives at Dynatrace in fiscal year 2023 were: CEO Rick McConnell; Mattias Dollentz-Scharer, senior vice president and chief customer officer; Bernd Greifeneder, chief technology officer and senior vice president; soon-to-be retired Steve Pace, chief cevenue officer and senior vice president; Kevin Burns, former senior vice president, chief financial officer and treasurer; and Jim Benson, chief financial officer and treasurer.
Dynatrace’s Fiscal 2023 Earnings
Before jumping to the specific compensation figures for these six executives, it’s key to know that Dynatrace generated revenue of $1.16 billion in fiscal year 2023, representing an increase of 25 percent compared to fiscal year 2022 sales.
The observability and security company captured $1.08 billion in subscription sales in its latest fiscal year, up 24 percent compared to $870 million in fiscal year 2022.
“Dynatrace delivered a great finish to the year with strong fourth quarter results that exceeded expectations across the board, demonstrating the durability of our business model,” CEO McConnell said in a statement in May. “Observability is quickly moving from optional to mandatory as customers look to tame the explosion of data and increased complexity that’s driven by their cloud migration and digital transformation initiatives.”
Click through to see Dynatrace’s six highest compensated executives in fiscal year 2023.