Microsoft nominates ADP CEO Carlos Rodriguez to board, reports Satya Nadella’s 2021 compensation
Carlos Rodriguez, the CEO of payroll services giant ADP, has been nominated to Microsoft’s board of directors.
Microsoft’s board would expand to 12 members if his selection is approved by the company’s shareholders at its annual meeting on Nov. 12.
Rodriguez has been ADP’s CEO since 2011, after joining the company in 1999. He “brings unique industry and technology expertise, as well as deep understanding of changing work norms,” said Satya Nadella, Microsoft CEO and chairman, in a news release announcing the nomination.
The nomination was included in Microsoft’s newly released proxy statement, which also includes details on shareholder proposals and executive compensation.
Microsoft’s board boosted Nadella’s total compensation to $49.9 million for 2021, up from $44.3 million the prior year.
Nadella’s 2021 compensation includes stock awards worth $33 million (up from $30.7 million); non-equity incentive compensation of $14.2 million; (up from $11 million); and a base salary of $2.5 million, the same as the prior year.