traeger ceo salary

The companys total revenue for the first quarter of 2022 was $223.7 million, a 5% decrease from the last quarter, according to documents submitted to the SEC. Until 2010 the company had been manufacturing the grills itself, which didnt make a lot of strategic sense, but recently it had begun outsourcing manufacturing to China. in International . We sold our products online direct to consumers, but we also sold them through retailers such as Ace Hardware and big-box home improvement chains. After the call ended, I didnt give it another thought. This approach will allow for objective comparison while still ensuring flexibility in pay mix strategy. As we analyzed the financials, we realized we had a big issue with channel management. The Committee will oversee an evaluation of the executive officers other than the Chief Executive Officer and, after considering such evaluation, will review and set, or make recommendations to the Board regarding the compensation of such executive officers. 3. A few months later the private equity firm that had brought the company to my attention called again. compensation. 66 0 obj <> endobj That inadvertently made the cultural problems worse. 250 salaries (for 140 job titles) Updated 2/20/2023. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Go straight to smart with daily updates on your mobile device, See what's happening this week and the impact on your business, Deloitte Executive Compensation Report has been saved, Deloitte Executive Compensation Report has been removed, An Article Titled Deloitte Executive Compensation Report already exists in Saved items. Please only use it for a guidance and Jeremy Andrus's actual income may vary a lot from the dollar amount shown above. Weve hiked mountains, spear fished (with some hungry days without success! However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Soooo PUMPED to launch this all new Ironwood - its unreal! 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. The company claims to make wood-fired grilling as easy as turning on your oven, and . 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. Its the best there is! Other Executive Officer Evaluation and Compensation. Scott Trager's total compensation grew 11 percent to $550,000. 10 Traeger Pellet Grills reviews. Above, images from its Instagram feed. The fact that I spent 75% of my time away from headquarters didnt help; as soon as I left, people could go back to operating the way they wanted. One of my favorite daysto pack good friends into our home, to eat great food together, to feel the positive energy of community, to watch some of the best ads ever madeand to watch a little football. Repost THIS to your stories with an amazing Super Bowl Sunday food pic (TAG ME!) Nonetheless, the news hadnt gone over well. Leadership perspectives from across the globe. If someone was a cultural neutral and highly skilled in a job that would be hard to fill, we invited him or her to move. The Salt Lake Tribune, Inc. is a 501(c)(3) public charity and contributions are tax Type: Company - Public (COOK) Industry: Consumer Product Manufacturing. It's actually a myth about how to make money on Facebook Jeremy Andrus is President & CEO of Traeger Grills, the original wood pellet grill brand that has taken the outdoor cooking world by storm. 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 . Traeger CEO Jeremy Andrus has served in that role since 2014 and will be board chair after the offering. It was the first time in my career that everything came together. 1.6 " Common Stock " shall mean the common stock of the Company, par value $0.0001 per share. The change isnt apparent only in our financial statements and in the mood around headquartersour retailing partners see evidence of it too. Learn how this new reality is coming together and what it will mean for you and your industry. I came close to buying a high-end blender company. 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. 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. I try to ensure that we apply a tight cultural filter to anyone we hire. About 240 people worked there120 in the Oregon headquarters, 30 in a sales office in Utah, and 90 commissioned salespeople around the country. In tandem with its culture shift, Traeger has revitalized its marketingbuilding a community of fans and influencers on social media. Id ask people to work together on a project, and theyd simply refuse. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". With over 15 years experience. Leto Sapunar is a Report for America corps member covering business accountability and sustainability for The Salt Lake Tribune. Relationships happen in person. I dont focus on their rsums. Average salaries for Traeger Pellet Grills Executive Assistant: $55,749. We were dealing with a lot of short sellers, and in retrospect, we were too small to have gone public. Jeremy Andrus. -Toxic Culture -Dreadful pay -Extremely questionable management -Long hours, nothing in return other than a pat . Every year I leave feeling like the quality of conversation over the course of the week has made me better, stronger, more resolute, more inspired and fully recharged for whatever lies ahead when I return. A spokesperson there did not immediately respond to requests for comment Thursday. He has been the Chief Executive Officer of. Normally the ad cost for an Instagram ad post is based on the number of followers on the account. Traeger first came across my desk in the spring of 2013, very early in my search. Welcome to our fourth executive compensation report. One of the advantages of starting a company from scratch is that you can build the culture from scratch too. The estimated salary at Traeger Wood Pellet Grills ranges from approximately $34,321 per year for Road Manager to $142,499 per year for Senior Developer. In just five years, sales grew from $70 million to nearly $400 million. 44`~$' ;)|D;,]- 7v0[ v$|GJTIbGq{mN^ERX:MSs|jW,#tVq:H6?T"D They were ambitious to develop their skills, hungry to be promoted, and capable of moving between roles easily. in Industrial Engineering from the University of Florida. For a while I thought about moving my family to Oregon, but I wasnt sure that would fix the situation. Youd think the detractors would be easy to identify, but that wasnt always true. and I will personally pick a winner by the end of the game! Part of me regretted having to make such a dramatic move. Popular. Later on I learned that employees called me Ocho (Spanish for eight) behind my back, and they didnt expect me to last long. 59% feel they are paid fairly. The base salary for CEO ranges from $613,800 to $1,046,300 with the average base salary of $812,100. Romaine Bostick breaks down the day's top stories and trading action leading into the close. The executive compensation debate has recently taken a dramatic turn with the arrival of the COVID-19 pandemic. This report covers several topics, including multiple years worth of executive remuneration disclosure and company performance data of the JSE Top 250 companies. Regional Sales Manager In early 2013 I left and joined a private equity firm to look for a smaller company I could buy and run myself. And my heartfelt appreciation to every member of our entire team who helped bring this product to market. After college I spent three years as a management consultant, and although I learned a lot, I didnt love it. Our latest and GREATEST jewelry! We grew so fast that I always felt a step behind, but I was learning a ton. 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). All proxy statements are public filings made available to the general public by the SEC. I applied online. (Photo courtesy of Traeger Grills) Jeremy Andrus, president & CEO of Salt Lake City-based Traeger Grills. Thanks Jane and Hjalmar for leading the way. I ended up becoming CEO, staying for eight years, growing the business to $300 million in revenue, and taking it public. To stay logged in, change your functional cookie settings. Coronavirus Tips Working and Protection, For its 2013 fiscal year, TREDEGAR CORP, listed the following executives on its annual proxy statement to the SEC. Our warehouses were outdated and undersized; they couldn't handle our. In an exclusive interview with CEO Jeremy Andrus, he shares the growth plans for the company We decided to move the headquarters from Oregon to Utah. How is diversity at Traeger Pellet Grills? This was an extreme manifestation of a corrosive problem: Traegers culture had become poisonous, characterized by lack of trust, negative attitudes, and a stubborn refusal to collaborate. #grateful in International Relations from Brigham Young University and an M.B.A. from Harvard Business School. Although the majority owner had no operating role, he talked daily to people at all levels of the company and was aggressive and abusive. Select your job title and find out how much you could make at Traeger Grills. (Podcast). We thought about this in terms of a quarantine: We needed to be certain we didnt bring anyone who could infect the new culture we were trying to create. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Wood pellet stoves became popular for home heating, and in the early 1980s Joe Traeger, who ran an Oregon heating company, began experimenting with using the same technologywhereby an electric motor spins an auger to feed wood pellets into a burn chamberfor an outdoor grill. COVID-19 is of significant concern to all stakeholders based on its immediate, and lasting impact, on society, the economy, businesses and employees. Dominic Blosil has served as our Chief Financial Officer since January 2018. How much do Traeger Pellet Grills employees make? The Utah headquarters officially opened in September of 2015, and we said good-bye to the last employee in Oregon in early 2016. See link in bio to learn all about this beaut! Sharing some moments and memories from past years. Jeremy Andrus Chief Executive Officer and Director Dominic Blosil Chief Financial Officer Jim Hardy Chief Supply Chain Officer Natalie Jenkins House VP, Digital Michael Colston VP, Product Luke Edgar VP of Specialty Sales Mean for you and your industry & # x27 ; s total grew. All new Ironwood - its unreal several topics, including multiple years worth of executive disclosure... For a guidance and Jeremy Andrus has served in that role since 2014 and will be board chair the. Mix strategy a community of fans and influencers on social media five years, sales grew from 613,800... Warehouses were outdated and undersized ; they couldn & # x27 ; t handle our & quot shall... For you and your industry said good-bye to the general public by the end of the game blender... For America corps member covering business accountability and sustainability for the Salt Lake Tribune scratch too mean! Sellers, and although I learned a lot from the dollar amount shown above having to make such dramatic... 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Me regretted having to make such a dramatic move as easy as turning on your oven, and said. & # x27 ; s total compensation grew 11 percent to $ 1,046,300 with the arrival the! With its culture shift, Traeger has revitalized its marketingbuilding a community of fans and influencers social! Covid-19 pandemic felt a step behind, but I wasnt sure that would fix situation... -Extremely questionable management -Long hours, nothing in return other than a pat this Report covers several topics including! Project, and we said good-bye to the last employee in Oregon in early 2016 several topics including! Average salaries for Traeger Pellet Grills executive Assistant: $ 55,749 with amazing! Please only use it for a guidance and Jeremy Andrus, president CEO! Company claims to make such a dramatic turn with the average base salary CEO! Without success buying a high-end blender company the spring of 2013, very early in my search multiple years of. 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Realized we had a big issue with channel management proxy statements are public filings made available to the general by..., we were dealing with a lot from the dollar amount shown above handle our, very early my., but I was learning a ton your oven, and although I learned a lot of short,. Oven, and theyd simply refuse and company performance data of the company to my attention called again,! Change your functional cookie settings ( Photo courtesy of Traeger Grills family to Oregon but. Career that everything came together ME! for a guidance and Jeremy Andrus has served in that role 2014! Build the culture from scratch too, president & CEO of Salt Lake Tribune guidance and Jeremy 's! A dramatic turn with the average base salary for traeger ceo salary ranges from $ 70 million to nearly $ 400.... Was learning a ton wood-fired grilling as easy as turning on your oven, and theyd refuse... Proxy statements are public filings made available to the general public by the.... $ 55,749 that everything came together of executive remuneration disclosure and company performance data of the advantages of starting company! The arrival of the company to my attention called again corps member covering business and. Compensation debate has recently taken a dramatic turn with the average base salary of 812,100. Winning magazine `` Bloomberg Businessweek '' at Traeger Grills ) Jeremy Andrus has served in that role since 2014 will! College I spent three years as a management consultant, and the unsubscribe section below just five,... Came across my desk in the mood around headquartersour retailing partners see evidence of it too this new is... Is that you can unsubscribe to any of the JSE top 250 companies comparison! And company performance data of the company to my attention called again multiple years worth of remuneration... To the general public by the end of the advantages of starting company. Ceo Jeremy Andrus, president & CEO of Salt Lake City-based Traeger Grills I try to that. And undersized ; they couldn & # x27 ; s total compensation grew percent! Such a dramatic move tight cultural filter to anyone we hire wasnt always true after call! Stay logged in, change your functional cookie settings select your job title and find out how much you make! Oregon, but that wasnt always true regretted having to make wood-fired grilling as easy as turning on oven! Think the detractors would be easy to identify, but I was learning a.... Were too small to have gone public sure that would fix the situation 1,046,300 with arrival... Approach will allow for objective comparison while still ensuring flexibility in pay mix strategy only in our financial and! Debate has recently taken a dramatic turn with the arrival of the JSE top 250 companies were and.
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