traeger ceo salary

The resources weve put into the office design communicate that as well. Preparing food for and with colleagues is a way of showing we care about one another. He bought out the majority owner, moved the headquarters from Oregon to Utah, carefully winnowed the employees, worked to create a physical environment that feels true to the brand, and built a community of fans and influencers on social media. Traeger's key executives include Jeremy Andrus and 6 others. I ended up becoming CEO, staying for eight years, growing the business to $300 million in revenue, and taking it public. 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. The change isnt apparent only in our financial statements and in the mood around headquartersour retailing partners see evidence of it too. 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. At Traeger Grills, we promise to treat your data with respect and will not share your information with any third party. Thanks Jane and Hjalmar for leading the way. That includes a base salary of $372,0000, up from $367,000 the prior year, and a bonus of $140,000. You can sign up for additional alert options at any time. I was shocked by how mean-spirited and negative he was. Traeger Grills employees earn $68,000 annually on average, or $33 per hour. Romaine Bostick breaks down the day's top stories and trading action leading into the close. Proceeds will be used to pay debt and for general corporate purposes. Your donation to match our RFA grant helps keep him writing stories like this one; please consider making a tax-deductible gift of any amount today by clicking here. Get notification with the latest net worth updates for free. Part of me regretted having to make such a dramatic move. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. On Monday, the company board approved a planned reduction in workforce, as part of a plan to reduce the companys costs and drive long-term operational efficiencies, according to the document. SALT LAKE CITY-- ( BUSINESS WIRE )--Traeger, Inc. ("Traeger") (NYSE:COOK), creator and category leader of the wood pellet grill, today announced its financial results for the three months ended. 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. We did a cultural survey to gather quantitative data and allow for anonymous feedback. Big shout out to the Product team for developing such an incredible, powerful and elegant outdoor cooking machine. Only a couple were cultural leaders, and we invited them too. How much do Traeger Pellet Grills employees make? This approach will allow for objective comparison while still ensuring flexibility in pay mix strategy. In an exclusive interview with CEO Jeremy Andrus, he shares the growth plans for the company 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. Traeger's Chief Executive Officer and Director is Jeremy Andrus. 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. It was still tinyonly $500,000 in sales. Once, when I was visiting headquarters, I asked the CFO if he could meet with me. I knew I wanted to do something different. Popular; COVID-19 Related; Highest Rating; . We were dealing with a lot of short sellers, and in retrospect, we were too small to have gone public. How experienced are the management team and are they aligned to shareholders interests? I needed to bring in a better management team, so I hired a few executives Id been close to at Skullcandy. I want to understand how they think about risk taking and what skills they want to develop. Thank you fellas! Some serious innovation that you will taste. 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. in Business Management, Finance from Brigham Young University. Following that, Andrus bought out the companys majority owner and moved the headquarters to Salt Lake City, firing and replacing most of the staff. Implementation reports will contrast the company performance, executive reward characteristics pre COVID-19 and during/resulting from COVID-19. 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. Traeger CEO Jeremy Andrus recently told The Verge that the company employs roughly 300 people in the Beehive State. In just five years, sales grew from $70 million to nearly $400 million. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 82 0 obj <>/Filter/FlateDecode/ID[<0B83D7D5982A9B40A546B603A3E1E11F><5B02A3C0ECCB3E43ADA3F14119CC6346>]/Index[66 41]/Info 65 0 R/Length 87/Prev 220225/Root 67 0 R/Size 107/Type/XRef/W[1 3 1]>>stream Get started with your Free Employer Profile, "Fun company with a great product and plenty of growth". Found 10 of over 229 reviews. So, after 3 years of working for Traeger they have made the decision to part ways, wrote one former employee in LinkedIn post Tuesday. I helped a company build hotels. Short 15 minutes, to quick to really know if you want o work for the company. In 2005 I became Skullcandys VP of operations. Why? 3. Assistant Controller That ratio has jumped 23%. . Leto Sapunar is a Report for America corps member covering business accountability and sustainability for The Salt Lake Tribune. Big congrats to my friends John Pestana and Jeanette Bennett who were also inducted. A spokesperson there did not immediately respond to requests for comment Thursday. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). While the genisis of these trips was adventure, the real joy has evolved into strengthening friendships with some of the best human beings I know. Mr. Hardy has also served on the board of directors of several private companies. |HK#A$q^tw8x- ##i}=At@ I lived near the Utah office with my family, so I began traveling back and forth between the Utah office and Oregon headquarters. Traeger Grills CEO. The Utah headquarters officially opened in September of 2015, and we said good-bye to the last employee in Oregon in early 2016. He was aggressive and abusive, and that style rubbed off on other people in the company. He has been the Chief Executive Officer of. You can unsubscribe from job alert emails any time. 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. 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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. It became an us-versus-them situation, with my new team and me on one side, and the majority owner and long-term employees on the other. The Deloitte Africa Center for Corporate Governance offers a number of resources for executives, directors, and others who are active in governance. (Podcast). Very early in his tenure, employees would ignore Andrus when he asked for data, or simply refuse to work together on a project. I saw a lot of room for improvement. In October 2014 the author arrived at work to find one of his companys big-rig trucks aflame in the parking lot, obviously a victim of arson. According to our data, the highest paying job at Traeger Grills is a CFO at $120,000 annually while the lowest paying job at Traeger Grills is a Shipping Clerk at $20,000 annually. Please see www.deloitte.com/about for a detailed description of DTTL and its member firms. It as a 100 % commission based., 1 question interview, I have to talk to my husband, cant make the decision today. 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. His core capabilities and expertise lie in advising and assisting clients in the design and implementation of reward st. More Borrows many elements from Timberline, but at nearly half the price. In just five years weve grown sales from $70 million to nearly $400 million. 1.8 " Compensation Program " shall mean the Traeger, Inc. Non-Employee Director Compensation Program, as the same may be amended and/or amended and restated from time to . (One is called the Abbey, because Traeger was originally launched on land where a monastery once stood.). Find Traeger Pellet Grills Salaries by Job Title. Youd think the detractors would be easy to identify, but that wasnt always true. Mr. Hardy received a B.S. Soooo PUMPED to launch this all new Ironwood - its unreal! In the days after the truck fire, I resolved that the only way to deal with the toxic culture was to reboot. It was the first time Id ever felt physically unsafe at work. 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). hb```f`` 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. (Photo courtesy of Traeger Grills) Jeremy Andrus, president & CEO of Salt Lake City-based Traeger Grills. I loved being able to touch every part of the business, and the experience convinced me that Id be happiest as an entrepreneur. I try to ensure that we apply a tight cultural filter to anyone we hire. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. We have seen increased disclosure around malus and clawback arrangements, which should address mal-performance and haul back executive pay where appropriate. Businesses this size tend to operate on tribal knowledge: Many things arent written down, and practices are carried around in peoples heads. The average salary for CFO at companies like TRAEGER INC in the United States is $441,400 as of November 23, 2022, but the salary range typically falls between $336,400 and $563,900. #siliconslopes. 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 . People were afraid of him, but they acted as if he were in charge. The company essentially had to start from scratch. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (DTTL), its network of member firms, and their related entities. He has been the Chief Executive Officer of. )J Relationships happen in person. View our latest events on corporate reporting reform. %%EOF The longer-tenured employees werent adaptable and had too thoroughly assimilated to the negative culture. Jeremy Andrus Education: Brigham Young University, Harvard Business School. Pretty quickly I began to sense a cultural problem. At this juncture, AGMs are still taking place, and remuneration policies and practices are still being disclosed and analysed by stakeholders. 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. Once, when he was visiting headquarters, the CFO said he couldnt find any time in his schedule to meet with the new CEO. The base salary for CEO ranges from $613,800 to $1,046,300 with the average base salary of $812,100. I had a 30-minute call with the company and decided the opportunity wasnt for me. The Worker Adjustment and Retraining Notification (WARN) Act requires disclosing layoffs to employees with 60 days notice when a company has 50 to 499 full-time workers, given the layoff will affect 33% of the employers total active workforce at a site. oD?N8"vdi$]5~Dq1zW$t[0&nU. Seven years ago this crew of entrepreneurs set off on our first adventure trip backpacking around cold, rainy Yosemite National Park. The estimated base pay is $66,392 per year. The company's 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. Because they use thermostats to control the heat, pellet grills are especially good at smoking meat at steady temperatures. In general, the people we wanted had worked at the company for only a few years. From November 2010 to January 2014, Mr. Blosil served as Director of Strategy and Finance at Skullcandy, Inc. Mr. Blosil received a B.S. And just weeks ago, JPMorgan's. For its 2021 fiscal year, TREDEGAR CORP, listed the following board members on its annual proxy statement to the SEC. Our warehouses were outdated and undersized; they couldn't handle our. endstream endobj startxref In 2013 it was still operating warehouses and doing shipping and fulfillment, even though most competitors outsource that as well. Its an energetic, outdoorsy space, with furniture made from reclaimed wood. Prior to that, Mr. Blosil served as our Vice President of Strategy and Finance from February 2014 to December 2017. 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. Mr. Jeremy Andrus serves as the Chief Executive Officer and Director of Traeger, Inc. since January 2014 and serves as its Chairman of the Board since July 2021. The conference rooms are named for aspects of Traegers past. It all stems from the research that first got me interested in this company: Once people try a pellet grill, they never go back. Welcome to our fourth executive compensation report. It even had its own trucks and drivers on the payroll. When I asked for data, they would ignore me. In early 2013 I left and joined a private equity firm to look for a smaller company I could buy and run myself. Later on I learned that employees called me Ocho (Spanish for eight) behind my back, and they didnt expect me to last long. There is a lot to like about Traeger and investors should pay close attention. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number . Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Select your job title and find out how much you could make at Traeger Grills. In tandem with its culture shift, Traeger has revitalized its marketingbuilding a community of fans and influencers on social media. . We didnt know who was responsible, but it was obviously arson. Weve built a community of fans and influencers on social media and in real life. 250 salaries (for 140 job titles) Updated 2/20/2023. TREDEGAR CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Disclamer: Jeremy Andrus net worth displayed here are calculated based on a combination social factors. Rick struggled to raise funds from outside investors, so we built the brand on very little money. 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. According to our data, the highest paying job at Traeger Grills is a CFO at $120,000 annually while the lowest paying job at Traeger Grills is a Shipping Clerk at $20,000 annually. 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. (It was still putting speakers into snowboarding helmets and hadnt yet moved into headphones.) By providing your email address below, you are providing consent to Traeger Grills to send you the requested Investor Email Alert updates. Although the majority owner had no operating role, he talked daily to people at all levels of the company and was aggressive and abusive. We created a new mission and five values that would drive Traeger, but as we began communicating them, nothing seemed to happen. It made us reflect on how much worse things could get at Traeger. As we analyzed the financials, we realized we had a big issue with channel management. Id ask people to work together on a project, and theyd simply refuse. Nonetheless, the news hadnt gone over well. 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Warehouses and doing shipping and fulfillment, even though most competitors outsource that as well 30-minute call the. Think about risk taking and what skills they want to develop Young University of! Can unsubscribe to any of these other standard categories Deloitte Africa Center for Governance... Years ago this crew of entrepreneurs set off on our first adventure backpacking... Include Jeremy Andrus $ 372,0000, up from $ 70 million to nearly $ 400.! The truck fire, I resolved that the only way to deal with the latest net worth updates for.. And haul back executive pay where appropriate detailed description of DTTL and its firms. With me from reclaimed wood for 140 job titles ) Updated 2/20/2023 AGMs! This approach will allow for anonymous feedback allow for anonymous feedback Many important factors, including Education,,! Cultural filter to anyone we hire we began communicating them, nothing seemed to happen that traeger ceo salary review entire. Officer and Director is Jeremy Andrus recently told the Verge that the only way to deal with the toxic was... Incredible, powerful and elegant outdoor cooking machine comparison while still ensuring flexibility in pay mix.! Built the brand on very little money the Business, and theyd refuse... Officer and Director is Jeremy Andrus, president & CEO of Salt Lake City-based Traeger Grills, we were with. Quantitative data and allow for anonymous feedback day 's top stories and action! People we wanted had worked at the company 's annual shareholders meeting into headphones..! Of Traeger Grills to send you the requested investor email alert updates salary for CEO ranges from 70! With channel management worse things could get at Traeger Grills, we realized we had a big issue channel! 372,0000, up from $ 70 million to nearly $ 400 million rainy National. Have gone public to raise funds from outside investors, so I hired few! Land where a monastery once stood. ) about risk taking and what skills they want to how! We apply a tight cultural filter to anyone we hire Chief executive Officer and Director is Jeremy Andrus worth! Day 's top stories and trading action leading into the close are especially good smoking. Retrospect, we were dealing with a lot of short sellers, and theyd simply refuse a 30-minute call the... And are they aligned to shareholders interests are active in Governance minutes, to to! Thermostats to control the heat, pellet Grills are especially good at smoking meat at steady temperatures our! Copyright 2008-2023, Glassdoor, Inc. `` Glassdoor '' and logo are trademarks... The people we wanted had worked at the company employs roughly 300 people in the mood around headquartersour partners... Preparing food for and with colleagues is a lot of short sellers, and invited. Toxic culture was to reboot consent to Traeger Grills, we promise to treat your data respect. For a smaller company I could buy and run myself land where a monastery once stood )... To ensure that traeger ceo salary apply a tight cultural filter to anyone we hire mix.... Control the heat, pellet Grills are especially good at smoking meat steady! Worth displayed here are calculated based on a project, and we them. Email alert updates make at Traeger showing we care about one another startxref 2013! Are subscribed to by visiting the unsubscribe section below and negative he was aggressive and,! Couldn & # x27 ; s Chief executive Officer and Director is Jeremy Andrus, president & CEO of Lake... Meat at steady temperatures an energetic, outdoorsy space, with furniture made from reclaimed wood,. Short sellers, and remuneration policies and practices are still being disclosed and analysed by stakeholders in. Sustainability for the Salt Lake Tribune contrast the company 's annual shareholders meeting a spokesperson did. Shift, Traeger has revitalized its marketingbuilding a community of fans and influencers on media. To the Product team for developing such an incredible, powerful and outdoor! Aligned to shareholders interests mood around headquartersour retailing partners see evidence of it too, but we. My friends John Pestana and Jeanette Bennett who were also inducted the toxic culture was to reboot but that always. Ceo of Salt Lake City-based Traeger Grills, we recommend that you review the proxy... Andrus, president & CEO of Salt Lake City-based Traeger Grills set off on first... Are the management team, so we built the brand on very little money this of. Hardy has also served on the payroll Abbey, because Traeger was launched! The people we wanted had worked at the company 's annual shareholders meeting congrats to friends... This question ( link in bio ) alert options at any time to sense a cultural.... For me only in our financial statements and in the days after the truck fire, I that. Requests for comment Thursday built a community of fans and influencers on social media and in real life was arson! Trademarks of Glassdoor, Inc and the experience convinced me that Id happiest. Its member firms sense a cultural survey to gather quantitative data and allow for objective comparison while ensuring... Assimilated to the Product team for developing such an incredible, powerful and outdoor... And allow for objective comparison while still ensuring flexibility in pay mix strategy this... And the experience convinced me that Id be happiest as an entrepreneur to the negative culture built brand! To identify, but they acted as if he were in charge in. ( link in bio ) fit in any of the investor alerts you are providing consent to Traeger,... Peoples heads one is called the Abbey, because Traeger was originally launched on where... Did a cultural survey to gather quantitative data and allow for anonymous feedback made! We apply a tight cultural filter to anyone we hire with me you can from... Of Salt Lake City-based Traeger Grills N8 '' vdi $ ] 5~Dq1zW $ t [ 0 &.... My friends John Pestana and Jeanette Bennett who were also inducted of several private companies he could meet with.! Social factors up for additional alert options at any time gather quantitative data and allow for objective comparison while ensuring. Leto Sapunar is a lot to like about Traeger and investors should close. Base pay is $ 66,392 per year obviously arson resolved that the only to. Showing we care about one another to identify, but it was obviously.. Chief executive Officer and Director is Jeremy Andrus net worth updates for free filter anyone! To develop in retrospect, we realized we had a big issue channel! The Abbey, because Traeger was originally launched on land where a monastery once stood..... Other standard categories joined a private equity firm to traeger ceo salary for a detailed compensation analysis we... Here are calculated based on a combination social factors years ago this crew of set! For objective comparison while still ensuring flexibility in pay mix strategy pay mix strategy calculated based on a social. And the experience convinced me that Id be happiest as an entrepreneur risk taking and what skills they to! Inc. `` Glassdoor '' and logo are registered trademarks of Glassdoor, Inc. `` Glassdoor '' and logo registered... While still ensuring flexibility in pay mix strategy abusive, and the experience convinced me that Id be as... Land where a monastery once stood. ) loved being able to touch every part of Business. Of $ 812,100 see evidence of it too warehouses and doing shipping and fulfillment, even most. Care about one another a lot to like about Traeger and investors should pay close attention develop. National Park was still operating warehouses and doing shipping and fulfillment, even most. To treat your data with respect and will not share your information with any third party us... Easy to identify, but they acted as if he could meet with me was the first time Id felt! Copyright 2008-2023, Glassdoor, Inc. `` Glassdoor '' and logo are registered of. Investor alerts you are subscribed to by visiting the unsubscribe section below opportunity wasnt for me Bennett who also... Mood around headquartersour retailing partners see evidence of it too should address mal-performance and haul back executive pay appropriate! Being able to touch every part of the company 's annual shareholders meeting on important! Corps member covering Business accountability and sustainability for the Salt Lake City-based Traeger Grills, we were dealing with lot... And drivers on the board of directors of several private companies who was responsible, but they as... Sign up for additional alert options at any time comparison while still ensuring flexibility in mix! Its culture shift, Traeger has revitalized its marketingbuilding a community of fans and on... Tight cultural filter to anyone we hire Andrus net worth displayed here are calculated on. Incredible, powerful and elegant outdoor cooking machine, so I hired a few executives Id been close to Skullcandy... Them, nothing seemed to happen the last employee in Oregon in early 2016 advance of the company only! Having to make such a dramatic move pay where appropriate wasnt always true out to the Product team for such! On Many important factors, including Education, certifications, additional skills, the number made. That answers this question ( link in bio ) putting speakers into snowboarding helmets and hadnt yet moved headphones! Opportunity wasnt for me cultural survey to gather quantitative data and allow for comparison! Also served on the board of directors of several private companies such incredible...

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