Former Quintiles chief executive Tom Pike received $20.6 million in compensation following his post-acquisition departure from the Durham-based clinical research company in late 2016, according to a filing with the Securities and Exchange Commission.
Pike’s total compensation jumped from $5.3 million in 2015, an increase of nearly 300 percent.
Ari Bousbib assumed the role of QuintilesIMS chairman and chief executive following the company’s$17.6 billion acquisition of Danbury, Conn.-based IMS Health Holdings, which was completed on Oct. 3.
Bousbib received $6.6 million in annual compensation from QuintilesIMS. This includes a $6 million non-equity incentive, payable March 2017, and a base salary of $390,000. Bousbib received $34.8 million from IMS Health Holdings in 2015 – including $26 million in stock options and a base salary of $1.6 million.
On Nov. 30 QuintilesIMS announced that Pike, who served as Quintiles chief executive for four years, had retired as a QuintilesIMS officer and board member on Nov. 29 and would be ending his employment with the company on Dec. 2.
On top of a $1.1 million base salary, Pike received $12.9 million in stock awards and options as well as $6.6 million in payments associated with his departure.
W. Richard Staub, who took over Pike’s post-acquisition role of research and development solutions president, received $1.8 million in compensation from the company last year.
Upon completion of the acquisition, Kevin Gordon terminated his employment as executive vice president and chief operating officer with Quintiles. Gordon received a total of $5.3 million in compensation. This includes a base salary of $509,000 and 21 monthly continuation payments that began in January 2017 – the payments will total $2.2 million.
Chief Financial Officer Michael McDonnell received total compensation of $2.7 million during the year, according to the filing. His total compensation fell 9 percent from 2015, when he was appointed to the position.
QuintilesIMS reported revenue of $5.4 billion in its 2016 fiscal year, an increase of 24 percent from the previous year. Meanwhile, its profit fell 70 percent, falling to $115 million in 2016.
The company’s annual meeting will be Thursday, April 6, at 9 a.m. Eastern time, at the Crowne Plaza in Danbury, Conn.
As of early Monday afternoon, Quintiles shares are up 2.8 percent to $78.53 since the Wednesday announcement.
The filing can be found here.

