Local top 100 CEO

Hi everyone,

News coming out of Winona today:  Winona’s Fastenal Company’s CEO William Oberton is No. 7 on the list of Minnesota’s top 100 CEO’s. He was No. 401 on Forbes’ list of America’s highest paid CEO’s.

According to his bio on the company website:

WillObertonMr. Oberton has been the company’s chief executive officer since December 2002. He also served as the company’s president from July 2001 through July 2012 when he relinquished that position. He began his business career with Fastenal in January 1980, and was promoted to branch manager, then district manager, and later to general operations manager. He served as our vice-president from March 1997 through June 2000, as our executive vice-president from June 2000 through July 2001, and as our chief operating officer from March 1997 through December 2002. Mr. Oberton’s professional career has grown from within Fastenal as he has successfully worked, managed, and provided leadership to most of the departments and disciplines integral to the company’s growth and financial success. This varied experience with the company gives him unique insights into the company’s ‘success drivers’ and in developing and leading the execution of the company’s strategy. He truly epitomizes Fastenal’s philosophy of ‘promotion from within whenever possible’.

Here is a quick look at his paycheck:

Fastenal (Nasdaq: FAST)

  • Headquarters: Winona
  • Business: Sells industrial and construction supplies

Total pay

  • 2012: $3.76 million, up 15 percent
  • 2011: $3.26 million
  • 2010: $3.15 million

Base salary

  • 2012: $490,000
  • 2011: $490,000

Bonus

  • 2012: None
  • 2011: None

Incentive pay

  • 2012: $1.56 million
  • 2011: $2.77 million

Stock awards

  • 2012: None
  • 2011: None

Option awards

  • 2012: $1.71 million
  • 2011: None

Other compensation

  • 2012: $4,300
  • 2011: $3,500

Congrats to Mr. Oberton!

La Crosse Fine Homes Group of Keller Williams Realty

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