ServiceNow’s Most Highly-Compensated Executives
ServiceNow President and CEO Bill McDermott has been on the job for about one and a half years, with much of that time heading the company during the COVID-19 coronavirus pandemic. Despite the pandemic, McDermott oversaw a company that saw strong growth during the year ended Dec. 31, with total revenue of $4.52 billion, up 31 percent over last year led by 32 percent growth in subscription revenue to $4.29 billion.
It was also a good year for McDermott, who in 2020 received compensation worth over $25 million, according to a ServiceNow proxy statement.
McDermott was one of ServiceNow’s most highly compensated executives in 2020 for whom compensation was reported. Of the six, three, including McDermott, have been with ServiceNow for less than two years, one has left the company, one has been there for several years but this year became a named executive officer, leaving only one who has been on the list of most highly compensated executives for several years.
Here’s a breakdown of the fiscal 2020 compensation of six ServiceNow executives, reported in ServiceNow’s 2020 proxy statement as filed with the U.S. Securities and Exchange Commission.