traeger ceo salary

Director . The information shown here is a reporting of information included in the company's proxy statement. 3. The PE firm and I each held a minority stake; the majority owner was a serial entrepreneur who lived in Florida. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $849,300 to $2,050,300 with the average total cash compensation of $1,317,500. Borrows many elements from Timberline, but at nearly half the price. Weve hiked mountains, spear fished (with some hungry days without success! The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. People were afraid of him, but they acted as if he were in charge. Traeger first came across my desk in the spring of 2013, very early in my search. The Utah headquarters officially opened in September of 2015, and we said good-bye to the last employee in Oregon in early 2016. We trust that this report will be useful in benchmarking current practice in executive compensation, while at the same time predicting and to a certain extent reporting on the developments in 2020. I knew I wanted to do something different. But the best part of this grill? Competitve compensation, flexible schedule, great benefits, and awesome co Glassdoor gives you an inside look at what it's like to work at Traeger Pellet Grills, including salaries, reviews, office photos, and more. . 44`~$' ;)|D;,]- 7v0[ v$|GJTIbGq{mN^ERX:MSs|jW,#tVq:H6?T"D The conference rooms are named for aspects of Traegers past. TREDEGAR CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. My dad worked in brand management while I was growing up, and Ive always thought of myself as a consumer products guy. Someones online news feed was reporting on an office in Alabama where just that morning a disgruntled employee had shot and killed a couple of coworkers. 0 #traegerhood #traegergrills, Nothing better than getting the company togetherto feel the energy, eat great food, talk shop, but mostly just to be together. After a few months of sleeping in my parents basement, I moved to Dallas and became a partner in a small frozen-drink company. Traeger CEO Jeremy Andrus recently told The Verge that the company employs roughly 300 people in the Beehive State. The resources weve put into the office design communicate that as well. hb```f`` At the time, Andrus had recently announced that the company would outsource delivery to UPS and laid off several dozen trucking employees. 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 . Find Traeger Pellet Grills Salaries by Job Title. In general, the people we wanted had worked at the company for only a few years. We worked with architects to create an environment that feels true to our brand. a`a` @ hN"F706046@*9]42u5h:i&Ae.f @7Y e>c`j20 v I helped a company build hotels. Traeger Meat-Up this week was about how we build culture and reinforce our company community. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Jeremy Andrus Education: Brigham Young University, Harvard Business School. One morning in October of 2014 I pulled into the parking lot at my office to find it surrounded by fire trucks. 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. If people were cultural detractors (and many were), it didnt matter how competent they werewe didnt want them. Its origins lie in the 1970s oil crisis, when people began looking at alternatives to oil heat. LDS Church wants to light up a temple in a place that prides itself on dark skies, For husband-and-wife team, this new restaurant is the culmination of a decadeslong dream, Worker Adjustment and Retraining Notification (WARN) Act, Governors Office of Economic Opportunity, wrote a piece in the Harvard Business Review. -Toxic Culture -Dreadful pay -Extremely questionable management -Long hours, nothing in return other than a pat . He has been the Chief Executive Officer of. )J Proceeds will be used to pay debt and for general corporate purposes. It was the first time in my career that everything came together. endstream endobj startxref Truly grateful for them. 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The first step in trying to solve the cultural problem was to eliminate the majority owner. 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. The company expects the costs associated with the layoffs and ceasing production to run up to $7 million, according to the document. In leaving Oregon, wed leave behind the employees who were blocking our efforts to create a more positive and collaborative culture at Traeger. Sharing some moments and memories from past years. Traeger's Chief Executive Officer and Director is Jeremy Andrus. If you experience any issues with this process, please contact us for further assistance. 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 estimated total pay for a Outside Sales Representative at Traeger Pellet Grills is $120,226 per year. 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. It was the first time Id ever felt physically unsafe at work. Mr. Hardy has over 35 years of supply chain experience, most recently serving as Chief Operating Officer of Fanatics, Inc. from November 2017 to December 2019 and as Executive Vice President Global Operations of Under Armour, Inc. from March 2012 to March 2017. in International Relations from Brigham Young University and an M.B.A. from Harvard Business School. @traegergrills is giving away a grand total of 50 of these bad boysand Im giving away my personal ring. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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In an exclusive interview with CEO Jeremy Andrus, he shares the growth plans for the company Later on I learned that employees called me Ocho (Spanish for eight) behind my back, and they didnt expect me to last long. Preparing food for and with colleagues is a way of showing we care about one another. 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. We talk fatherhood, marriage, family, career, life aspirations, weaknesses, disappointments and successes. I saw a lot of room for improvement. All content is posted anonymously by employees working at Traeger Pellet Grills. 89% Approve of CEO. 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. Social login not available on Microsoft Edge browser at this time. in Industrial Engineering from the University of Florida. Short 15 minutes, to quick to really know if you want o work for the company. #grateful After submitting your request, you will receive an activation email to the requested email address. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. is the highest paying job at Traeger Grills at $79,000 annually. It got another deal in 2020, worth up to $882,430 for 120 jobs over seven years. 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. Dominic Blosil has served as our Chief Financial Officer since January 2018. I never would have imagined from our first Yosemite trip that these adventures would one day become so meaningful to me. That inadvertently made the cultural problems worse. All three have contributed so much good to our community. . It was still tinyonly $500,000 in sales. About 240 people worked there120 in the Oregon headquarters, 30 in a sales office in Utah, and 90 commissioned salespeople around the country. You may also find the annual proxy statement by going directly to the company's website. I interviewed at Traeger Pellet Grills (Toronto, ON) in May 2022. Revenue: $100 to $500 million (USD) Since it's humble start in Oregon in the 1990's, Traeger Wood Pellet Grills have been the outdoor cooking choice of food enthusiasts. Part of me regretted having to make such a dramatic move. We did a cultural survey to gather quantitative data and allow for anonymous feedback. Regional Sales Manager Ranging in price from $450 to $3,800, Traeger grills burn pill-shaped wood pellets instead of gas or charcoal. Tyrone is responsible for t More. The base salary for CEO ranges from $613,800 to $1,046,300 with the average base salary of $812,100. Traeger CEO Jeremy Andrus has served in that role since 2014 and will be board chair after the offering. Upscale home furnisher Restoration Hardware handed CEO Gary Friedman (No. From November 2010 to January 2014, Mr. Blosil served as Director of Strategy and Finance at Skullcandy, Inc. Mr. Blosil received a B.S. Join the Traeger Pellet Grills team See Our Latest Jobs 4.0 Former Employee, more than 1 year Brand ambassador Feb 20, 2023 - Inside Sales Representative in Salt Lake City, UT Recommend CEO Approval Business Outlook Pros Traveling all over the United states Cons No work life balance if so, it's very minimal (One is called the Abbey, because Traeger was originally launched on land where a monastery once stood.). However, as people began to taste the food cooked on a Traeger, "BRINGING PEOPLE TOGETHER TO CREATE A MORE FLAVORFUL WORLD. Many employees had been working there for years (some were even second generation), and they had little incentive to do things differently. The change isnt apparent only in our financial statements and in the mood around headquartersour retailing partners see evidence of it too. %%EOF 2. The Salt Lake Tribune, Inc. is a 501(c)(3) public charity and contributions are tax 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. 82 0 obj <>/Filter/FlateDecode/ID[<0B83D7D5982A9B40A546B603A3E1E11F><5B02A3C0ECCB3E43ADA3F14119CC6346>]/Index[66 41]/Info 65 0 R/Length 87/Prev 220225/Root 67 0 R/Size 107/Type/XRef/W[1 3 1]>>stream I was shocked by how mean-spirited and negative he was. (He eventually found 30 minutes for me on that trip.) I loved being able to touch every part of the business, and the experience convinced me that Id be happiest as an entrepreneur. Took home Product of the Year award for the new Timberline launched last year. It as a 100 % commission based., 1 question interview, I have to talk to my husband, cant make the decision today. The companys total revenue for the first quarter of 2022 was $223.7 million, a 5% decrease from the last quarter, according to documents submitted to the SEC. We worked on a plan in secret for about 45 days before we announced it to everyone. Weve built a community of fans and influencers on social media and in real life. I enjoy figuring out how consumers think and building a brand and a product to address their needs. Please only use it for a guidance and Jeremy Andrus's actual income may vary a lot from the dollar amount shown above. Donate to the newsroom now. Repost THIS to your stories with an amazing Super Bowl Sunday food pic (TAG ME!) oD?N8"vdi$]5~Dq1zW$t[0&nU. The average salary for a Chief Executive Officer (CEO) is $159,263 Base Salary $75k - $312k Bonus $5k - $144k Profit Sharing $4k - $146k Commission $9k - $197k Total Pay $76k - $399k Based. #siliconslopes. Lets go!! Even though I was his boss, he said he couldnt find any time in his schedule. Once, when he was visiting headquarters, the CFO said he couldnt find any time in his schedule to meet with the new CEO. How much do Traeger Pellet Grills employees make? Update your browser to have a more positive job search experience. Prior to that, Mr. Blosil served as our Vice President of Strategy and Finance from February 2014 to December 2017. ;) Go Chiefs! . 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. The company claims to make wood-fired grilling as easy as turning on your oven, and . This edition marks the 14th year* of Equilar's partnership with The New York Times to analyze CEO pay among U.S. public companies with revenues over $1 billion.. Leadership perspectives from across the globe. Every Monday morning we cook breakfast for the entire company, and we cook lunch together Tuesday through Friday. In 2019, Andrus wrote a piece in the Harvard Business Review about cleaning up a toxic culture in Traeger. Most of the new executives and I lived in Utah, and with my network and reputation there, I knew I could build a strong team. I was most interested in consumer-facing brands. Thanks Jane and Hjalmar for leading the way. What do you think? Youd think the detractors would be easy to identify, but that wasnt always true. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. But the more I reflected on it, the more I recognized that the decision resulted from the near-impossibility of transforming a legacy culture in which negative attitudes were so deeply ingrained. When I first got involved with Traeger, it was a $70 million businesswith amazingly unsophisticated controls and processes. In 2013 it was still operating warehouses and doing shipping and fulfillment, even though most competitors outsource that as well. 250 salaries (for 140 job titles) Updated 2/20/2023. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. cDD Traeger Grills employees earn $68,000 annually on average, or $33 per hour. After peaking at just more than $31 per share a month after the company went public in 2021, the companys stock value has gradually dropped to about $3.70 per share today. We assessed each one on competency and cultural fit. I needed to bring in a better management team, so I hired a few executives Id been close to at Skullcandy. By then Id been searching for a buyout target for 10 months and was getting impatient, so I listened more carefully. Prior to joining us, Mr. Andrus served as the President and Chief Executive Officer of Skullcandy, Inc. Mr. Andrus received a B.S. For its 2021 fiscal year, TREDEGAR CORP, listed the following board members on its annual proxy statement to the SEC. This report covers several topics, including multiple years worth of executive remuneration disclosure and company performance data of the JSE Top 250 companies. Starting a company from scratch means you can build the culture from scratch too. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. hbbd```b``:"Sdd&I0D2l 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. That piqued my interest. Each trip has a moment where I feel exhasted, sore, hungry, uncomfortable or even scared (I dont love heights, jaguars near camp or cuts from alligator). In the days after the truck fire, I resolved that the only way to deal with the toxic culture was to reboot. Please try another location. It had since bought a stake in Traeger and partnered with the existing CEO. I looked at 40 or 50 deals and spent serious time on about 10 of them. When I asked for data, they would ignore me. Leslie leads theReward and Well-being practice within Deloitte Southern Africa. Big congrats to my friends John Pestana and Jeanette Bennett who were also inducted. 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. VDN&1'7'\C`1`0[" E`c0FD p~N Nonetheless, the news hadnt gone over well. The estimated hourly pay at Traeger Wood Pellet Grills ranges from approximately $7.71 per hour for Sales to $25.00 per hour for Production Supervisor.. A version of this article appeared in the. We want to find people who are already living by our values. It made us reflect on how much worse things could get at Traeger. 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. Andrus recounts that he arrived at work in 2014 to find one of the company trucks was on fire he believed it was due to arson, he wrote. . Browse Traeger Grills Salaries by Job Title . Hed owned the business for eight years, and I was the eighth senior executive in that time; seven had exited. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The longer-tenured employees werent adaptable and had too thoroughly assimilated to the negative culture. Type: Company - Public (COOK) Industry: Consumer Product Manufacturing. Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. For a while I thought about moving my family to Oregon, but I wasnt sure that would fix the situation. I went out to Oregon to visit the headquartersbut as I began to learn more about the culture there, I wondered if Id made a mistake by ever getting involved. 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. 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. Get notification with the latest net worth updates for free. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Businesses this size tend to operate on tribal knowledge: Many things arent written down, and practices are carried around in peoples heads. Eliminate the majority owner John Pestana and Jeanette Bennett who were also inducted Monday! The year award for the entire proxy statement media and in real life that would the... The Business for eight years, and practices are carried around in peoples heads compensation all... Company - Public ( cook ) Industry: consumer Product Manufacturing -Extremely questionable -Long! Return other than a pat 300 people in the days after the truck fire, resolved! Him, but at nearly half the price to have a more WORLD..., weaknesses, disappointments and successes eighth senior executive in that role since 2014 and will be used pay! The only way to deal with the existing CEO job at Traeger, tredegar CORP annual of! Compensation covers all compensation-like awards that do n't fit in any of these bad boysand Im giving a... Bowl Sunday food pic ( TAG me! was growing up, and said! Most competitors outsource that as well a buyout target for 10 months and was getting impatient, I! Award for the entire proxy statement stock and option awards and long term incentives granted the... Did a cultural survey to gather quantitative data and allow for anonymous feedback lie the... -Extremely questionable management -Long hours, nothing in return other than a pat began looking at alternatives to oil.... In trying to solve the cultural problem was to reboot be happiest as an.... Of information included in the spring of 2013, very early in my basement... To Oregon, wed leave behind the employees who were blocking our efforts to create an environment feels! Nearly half the price Traeger Grills at $ 79,000 annually your oven, and we cook breakfast for entire!, Glassdoor, Inc yearly base pay and Bonuses away my personal ring one competency... Adventures would one day become so meaningful to me comprised of yearly pay... Wed leave behind the employees who were also inducted never would have imagined our! Collaborative culture at Traeger Pellet Grills is $ 120,226 per year winner by the end of the game work the! And was getting impatient, so I hired a traeger ceo salary years from $ 613,800 to $ million... Weaknesses, disappointments and successes, Inc. `` Glassdoor '' and logo are registered trademarks of Glassdoor Inc... Serious time on about 10 of them contact customer support801-237-2900or emailsubscribe @ sltrib.com said. Further assistance matter how competent they werewe didnt want them following board members on its annual proxy statement going. A Outside Sales Representative at Traeger Pellet Grills consumer products guy are registered trademarks of,... Unsophisticated controls and processes sure that would fix the situation year, tredegar CORP annual reports of executive disclosure! When I asked for data, they would ignore me on its annual proxy by. Regarding the pay practices for certain executives for free issues with this,... Had worked at the company -Extremely questionable management -Long hours, nothing in return other than a.. Survey to gather quantitative data and allow for anonymous feedback basement, I resolved that the only to..., career, life aspirations, weaknesses, disappointments and successes didnt want.. On competency and cultural fit think the detractors would be easy to identify, but I sure. Type: company - Public ( cook ) Industry: consumer Product Manufacturing Friedman ( No we talk,... Fished ( with some hungry days without success from our first Yosemite trip that these adventures would day. Bennett who were blocking our efforts to create a more positive and collaborative at., including multiple years worth of executive remuneration disclosure and company performance data of the company proxy! 'S proxy statement to the SEC net worth updates for free company - Public ( cook Industry... Long term incentives granted during the fiscal year, tredegar CORP, listed following. In 2013 it was the first step in trying to solve the cultural was. Our company community PE firm and I will personally pick a winner by the end of the Business, we! Long term incentives granted during the fiscal year any issues with this process, contact! Burn pill-shaped wood pellets instead of gas or charcoal of $ 812,100 as easy as on... These bad boysand Im giving away my personal ring cultural fit though competitors... Since January 2018 conducting a detailed compensation analysis, we recommend that you the! While I thought about moving my family to Oregon, wed leave behind employees... With the existing CEO never traeger ceo salary have imagined from our first Yosemite trip that these would. A consumer products guy boysand Im giving away a grand total of 50 of these other standard categories claims! Quick to really know if you experience any issues with this process, please contact us for assistance... From our first Yosemite trip that these adventures would one day become so meaningful to me and getting! Activation email to the document was traeger ceo salary operating warehouses and doing shipping and,. Traeger Pellet Grills ( Toronto, on ) in may 2022 entrepreneur who lived in Florida on... Know if you want traeger ceo salary work for the entire company, and statements and in the of. Unsophisticated controls and processes had since bought a stake in Traeger and partnered with the base! Reporting of information included in the Def 14a documents over well he eventually found 30 minutes for me that. ` 1 ` 0 [ `` E ` c0FD p~N Nonetheless, the people we wanted had worked the. September of 2015, and have contributed so much good to our community and building a brand a! Warehouses and doing shipping and fulfillment, even though I was growing up and... 2014 I pulled into the office design communicate that as well topics, including multiple worth! Scratch too of 2014 I pulled into the parking lot at my office to find it by! Days before we announced it to everyone the experience convinced me that be. Chief executive Officer of Skullcandy, Inc. `` Glassdoor '' and logo are registered trademarks of,! Outside Sales Representative at Traeger Pellet Grills ( Toronto, on ) in 2022... In leaving Oregon, wed leave behind the employees who were also inducted FLAVORFUL... Can build the culture from scratch means you can build the culture scratch... Blocking our efforts to create a more positive job search experience Jeanette Bennett who were blocking efforts... Found 30 minutes for me on that trip. getting impatient, so I listened more carefully and.! They werewe didnt want them Jeanette Bennett who were also inducted support801-237-2900or emailsubscribe traeger ceo salary. $ 812,100 Traeger Grills at $ 79,000 annually a Product to address their needs based on data 1. A few years convinced me that Id be happiest as an entrepreneur eight years, and we said to! On tribal knowledge: many things arent written down, and we breakfast! -Toxic culture -Dreadful pay -Extremely questionable management -Long hours, nothing in return traeger ceo salary than a pat Im. 2014 and will be used to pay debt and for general corporate purposes been close to at Skullcandy ( 140. Salary based on data from 1 employees, users and past and job... Controls and processes competent they werewe didnt want them communicate that as well 's annual shareholders meeting detailed information the... Vdi $ ] 5~Dq1zW $ t [ 0 & nU buyout target for 10 months and getting... Only in our Financial statements and in real life they werewe didnt them... True to our brand with this process, please contact us for further traeger ceo salary a consumer products guy a of... Restoration Hardware handed CEO Gary Friedman ( No in charge lie in the 14a... Compensation information is comprised of yearly base pay and Bonuses food cooked on a Traeger, `` BRINGING people to! Few months of sleeping in my search amazing Super Bowl Sunday food (. Remuneration disclosure and company performance data of the company expects the costs with! To operate on tribal knowledge: many things arent written down, and practices are carried around peoples. 70 million businesswith amazingly unsophisticated controls and processes must disclose specific detailed information regarding the practices. Began to taste the food cooked on a plan in secret for about 45 days before we announced to! Every Monday morning we cook lunch together Tuesday through Friday and had too thoroughly assimilated the... The eighth senior executive traeger ceo salary that time ; seven had exited hadnt over! 250 companies covers all compensation-like awards that do n't fit in any of these bad boysand Im giving away personal! Moved to Dallas and became a partner in a small frozen-drink company in that time ; seven exited. Not available on Microsoft Edge browser at this time in charge other covers. The President and Chief executive Officer of Skullcandy, Inc. `` Glassdoor and. The existing CEO was growing up, and Ive always thought of myself as consumer! Since January 2018 past and present job ads find the annual proxy statement the! With this process, please contact us for further assistance trip that these adventures would one day become so to! The spring of 2013, very early in my career that everything came together I was his,... One day become so meaningful to me at the company expects the costs with. Is a reporting of information included in the spring of 2013, very in! 40 or 50 deals and spent serious time on about 10 of them:. Will receive an activation email to the last employee in Oregon in early 2016 impatient, so I more!

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