Jeffrey Lorberbaum, CEO of Mohawk Industries, speaks to the Chattanooga Rotary Club Thursday, Nov. 6, 2014.Mohawk Industries, the world’s biggest floorcovering manufacturer which boosted its net earnings last year by 25 percent, boosted the pay of of company CEO Jeff Lorberbaum by 22 percent in 2015, according to the company’s proxy statement mailed Monday to company shareholders.
Lorberbaum was paid more than $6.1 million in 2015, up from the $5 million in compensation he received in the previous year. W. Christopher Wellborn, the company president, got a 19 percent increase in compensation last year to boost his compensation to more than $5.1 million.
Last year, Mohawk earned $756 million on revenues of $8.1 billion.
Mohawk’s annual meeting is scheduled for May 19 at the company’s corporate headquarters in Calhoun, Ga.