Sumit Singh, CEO of Chewy Inc., has been named the highest-paid CEO in Massachusetts, earning over $35 million in compensation last year. Boston Business Journal recently released a list of the 25 highest-paid CEOs in the state, with Singh leading the pack. The list includes CEOs from various industries, with biotech CEOs making up nearly half of the top earners.
The median compensation for CEOs in Massachusetts has steadily increased over the past decade. In 2014, the median pay was just over $12 million, while in 2024, it has risen to nearly $19 million. The top 10 highest-paid CEOs in Massachusetts include Tim Cofer from Keurig Dr Pepper Inc., Yamini Rangan from HubSpot Inc., Vincent Roche from Analog Devices Inc., Ernie Herrman from TJX Cos., Henry Goesbruch from Neumora Therapeutics Inc., Jason Robins from DraftKings Inc., Reshma Kewalramani from Vertex Pharmaceuticals Inc., Sanjiv Patel from Relay Therapeutics Inc., and Thomas Bartlett from American Tower Corp.
The significant compensation earned by these CEOs highlights the competitive landscape of executive pay in the state. As more companies strive for growth and success, the role of CEOs in driving innovation and delivering results becomes increasingly valuable. The list serves as a reflection of the success and leadership qualities of these top executives in Massachusetts.
Source
Photo credit www.boston.com